USWeb/CKS, 3Com Look to Wireless Development
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Less than one week after merging with Whittman-Hart to create a $14 billion business e-commerce firm, USWeb/CKS Thursday found another partner, this time to deliver wireless applications.
3Com will contribute up to $100 million in a combination of funded development and an equity investment in USWeb/CKS (USWB). 3Com also has the option of purchasing up to $40 million of USWeb/CKS stock.
The two companies will develop and showcase their co-developed wireless tools in labs USWeb/CKS calls "Centers of Excellence." The first product is set to be ready by the second half of next year.
USWeb/CKS Monday merged with Whittman-Hart, creating an e-commerce firm valued at approximately $14 billion. It will work with new and established companies to make the most of companies' e-commerce services. The merger is expected to close in April.