Tuesday, September 12, 2006

AT&T Acquires USinternetworking for $300M

Via WHIR News.

Telecommunications carrier AT&T announced on Tuesday that its subsidiary, AT&T Corp., has agreed to acquire privately held applications service provider USinternetworking for approximately $300 million in cash and assumed debt. The transaction, which is expected to close in the fourth quarter, is designed to enhance AT&T's enterprise service offerings.

The acquisition strategically aligns USi's software and e-business management services and consulting expertise with AT&T's existing portfolio of enterprise hosting and managed services.

More here.


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