EarthLink has completed its acquisition of Canadian VPN provider New Edge Networks in a move that gives the U.S. ISP a stronger presence in business Internet.
The stock-and-cash deal was worth more than $114 million and brings EarthLink a company built on the development and management of broadband virtual private networks for business and communications carriers.
"This acquisition forms the nucleus for EarthLink's continued expansion into the fast growing business network market," said EarthLink's Bill Heys. "We believe that New Edge Networks' national coverage, called 'BigFoot,' its proprietary systems, and its practical know-how will be strong competitive advantages."
New Edge said joining EarthLink would allow expansion of its offerings and provide more muscle for its marketing program.
New Edge has a U.S. network of some 850 switches and routers that accommodate DSL, cable modem, satellite and frame relay service.
Copyright 2006 by United Press International
Related stories:
In Brief: New Edge speeds non-broadband card payment
New Edge Networks has a narrowband Internet solution to process credit-card transactions in areas without broadband access.
Earthlink buys VPN provider New Edge
Earthlink Tuesday agreed to purchase VPN provider New Edge Networks in a move to bolster its presence in business communications.
Fabless future: Struggling AMD spins off factories
(AP) -- For years, Advanced Micro Devices Inc.'s scrappy image was best summed up by an insult that founder Jerry Sanders lobbed against rivals: "Real men have fabs."
As personalized, genomic medicine takes off, four developing countries show the way for others
Developing countries that want the benefits of cutting-edge health care possibilities based on the genetic variation of individual citizens and sub-populations need to foster the new science at home, says a major new Canadian study published today by Nature Publishing Group.
Helping choose the right doctor for you
How many chief executives can say they were inspired to start a business while lying on the operating table? That's how Vitals.com was born, but we'll let Mitchel Rothschild tell you about it.
Record breaking underwater camera to be showcased to public
(PhysOrg.com) -- A revolutionary underwater camera, which has plunged to record breaking depths below the surface of the North Sea, will be showcased to members of the public at a key science event in Aberdeen next week.
Landmark study reports breakdown in biotech patent system
The world's intellectual property system is broken. It's stopping lifesaving technologies from reaching the people who need them most in developed and developing countries, according to the authors of a report released in Ottawa today by an international coalition of experts.
Businesses use Web without abandoning physical presence
Chuck Bankoff, Capistrano Beach franchisee for WSI Internet, has not met 90 percent of his clients in person. Most of his work and meetings are done over the Internet.