New Edge is a WA firm that creates virtual private networks, specializing in systems that allow small and midsize companies to conduct business securely over the internet. The deal is valued at $144M.It is the latest move by ELNK to expand beyond its longtime focus on providing consumer internet access.Garry Betty says ELNK has embarked on a strategy to become a total communications company.The deal is expected to close in the first quarter of 2006. ELNK will use cash and stock for the acquisition.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat