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RealTime IT News

Today's Deals: Informatica Goes Wireless With Zimba

Attorneys.com + 1800attorneys.com, rfpNOW.com, eBenX + Arbor Administrative Services, Exodus Communications + Grenville Consulting, Informatica + Zimba, Tumbleweed Communications + Tumbleweed KK







 eBenX (EBNX) to acquire Arbor Administrative Services

 

   *  Amount:         $61 million

 

   *  Terms:            2.6 million shares/$17 million cash
 

   *  Premium:        n/a

 

   *  Industry:        Consultants/Designers

 

   *  Scorecard:      B-

 


    MINNEAPOLIS, Aug. 29--eBenX announced that it has signed a definitive agreement to acquire Arbor Administrative Services, d/b/a Arbor Associates, a privately held, Web-based benefits administrator and application service provider (ASP). The acquisition accelerates eBenX's presence in the mid-sized employer marketplace, adding over 120,000 committed employee lives, deep domain expertise in benefits administration, great mid-market broker relationships, and a strong and satisfied mid-market customer base. Arbor shareholders will receive $17 million in cash and 2,587,500 shares of eBenX common stock.

     

 

 Attorneys.com (ATTY) acquires