Mail.com Inc. Acquires Allegro
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Internet messaging provider Mail.com, Inc. Monday acquired The Allegro Group, a provider of corporate e-mail management solutions.
Terms of the deal were not disclosed.
Allegro, which will act as a subsidiary of Mail.com, brings more than 1,000 corporate customers, including Continental Airlines, Mercedes Benz, NASCAR, Smuckers and the U.S. Ski Team.
With its more than 7 million e-mailboxes under management, Mail.com satisfies its corporate customers and generates recurring revenues from per-mailbox or pay-per-service fees. One of its highlights includes its bond with AT&T to provide the long distance giant's corporate customers with e-mail services.
"Our acquisition of Allegro further demonstrates our ongoing commitment to servicing the corporate market," said Gerald Gorman, chairman and chief executive officer of Mail.com.
"This business combination accelerates Mail.com's penetration of the corporate outsourcing market by extending our distribution network, increasing our customer base and expanding our suite of e-mail services."
Allegro came to life in 1995 as a solution for companies looking for an efficient and affordable service to manage e-mail internally and is now an Internet messaging provider for organizations.
"Allegro's products allow companies to affordably outsource their e-mail connectivity and mange their message traffic, but not at the expense of performance or reliablity," said Aaron Fessler, president and founder of Allegro.