RealTime IT News

JobDirect.com Boards the Korn/Ferry

ASPi Europe + Blue Dragon Technologies, WebTech Ltd., Comverse Technology + Exalink, iBEAM Broadcasting + Server-Side Technologies, Interwave + Microcellular, Intrusion.com + MimeStar, Korn/Ferry + JobDirect.com, SPEEDUS.COM + SPEEDIA.COM, Vizacom + interMETHODS

 Comverse (CMVT) to acquire Exalink


   *  Amount:         $480 million


   *  Terms:            5.26 million shares

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      B-


    WOODBURY, N.Y., July 5--Comverse Technology , which makes software systems for wireless communications systems, said that it would buy a private Israeli start-up called Exalink Ltd. for roughly $480 million in stock. Comverse said it would issue about 5.26 million new shares for Exalink, which makes gateways for cellular networks that allow access to other types of networks including Internet protocol networks.