Critical Path Grabs Messaging Firm RemarQ
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Terms of the deal were not disclosed.
With the acquisition, Critical Path (CPTH) will add RemarQ's estimated 850 Internet service providers and corporations to its client list, including high-profile customers Cisco Systems Inc. (CSCO), AltaVista and Novell, Inc. (NOVL).
By combining RemarQ's message board technology with Critical Path's Internet messaging tools, Critical Path will offer customers a robust integrated messaging platforms, with increased functionality, flexibility and choice, said Doug Hickey, chief executive officer of Critical Path.
The RemarQ acquisition builds on Critical Path's strategy to build a global infrastructure and provide comprehensive Internet messaging and collaboration solutions. In June, the company purchased outsource e-mail firm Fabrik Connect, and in October the firm bought Internet messaging and directory service ISOCOR for $287 million in stock.