Earthlink Buys VPN Provider New Edge
A UPI newsbrief, via PhysOrg.com, reports that:
Earthlink Tuesday agreed to purchase VPN provider New Edge Networks in a move to bolster its presence in business communications.
Earthlink obtains an asset that is a national provider of Virtual Private Network services and secure managed data services to the growing small- and medium-sized business sector.
Earthlink will part with $114 million in cash and a chunk of stock bringing the total value of the deal up to about $144 million. The deal will close in the first quarter of 2006.
posted by Fergie @ 12/13/2005 11:44:00 AM
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