France Telecom Acquires RapidSite France
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RapidSite France is a division of RapidSite Inc., an American Web hosting tools provider. Under terms of the agreement, France Telecom Sites (FTS), a Web hosting subsidiary of France Telecom, will take a 75 percent stake in the RapidSite France. No financial terms were disclosed, but the acquisition is expected to close in January. The combined companies will now host an estimated 22,000 sites.
Rapid Site's electronic payment solutions will be incorporated into FTS's Domicile suite of business products and services.
"France Telecom Sites will benefit from our experience," said Loïc Le Meur of RapidSite France. ". . .It's a plus for everybody."