chinadotcom + Venex
Corporation, Cisco Systems + Vovida Networks,
IPCell Technologies, Efficient Networks + MultiMedia
Development, Exodus Communications +
GlobalCenter, FirePond + Signature
Software, GourmetMarket.com + VirtualGourmet.com, LookSmart + Zeal Media,
Penton Media +Streaming
Media
Efficient Networks (EFNT) acquires MultiMedia
Development Corp. |
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Amount: $79
million |
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Terms:
2.4 million shares |
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*
Premium: n/a |
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Industry: Internet
services |
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Scorecard: B |
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DALLAS, Sept. 28--Efficient Networks , a
provider of broadband digital subscriber line (DSL) solutions, announced
that it has acquired privately-held MultiMedia Development
Corporation (MMD), a software vendor providing network management
systems and solutions for the broadband networking industry. MMD brings to Efficient a strong foundation of
management technology and expertise, underscoring Efficient's strategy to
offer complete broadband solutions to its customers. Under terms of the
agreement, Efficient Networks issued approximately 2.4 million shares of
Efficient common stock in exchange for all of the outstanding stock
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