Critical Path Buys Messaging Competitor
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Critical Path (CPTH) intends to build the first comprehensive messaging solution company for the enterprise, ISP and portal markets with the purchase of ISOCOR (ICOR). The acquisition will also accelerate Critical Path's global presence a strong international customer base, 8 locations and more than 75 associates and partners worldwide.
ISOCOR's strong presence in Europe will also further Critical Path's goal of creating an international infrastructure, according to Doug Hickey, Critical Path's president and chief executive officer.
The acquisition is expected to close next spring.