1eEurope Continues Acquisition Trail, Buys Netsolv
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1eEurope says it will build a pan-European network by acquiring the most innovative of Europe's Internet service providers. Netsolv is a U.K. company whose clients include BT, Agfa, and AutoDesk.
Rick Kozak, chief executive officer of 1eEurope, said that Europe was still lagging behind in e-business, with only two out of five companies incorporating it into their strategic planning.
Netsolv founder Dr. Steve Cosby said being part of the 1eEurope network would help the company increase its speed, efficiency and flexibility.
"The quality of our partners across Europe will also allow us to share knowledge and best practice which will benefit all our clients," added Cosby.
1eEurope says it has started discussions with several other companies with a view to acquisition. It is especially interested in those that offer e-business services including web design, back office integration and data warehousing.
1eEurope is expected to target such high-growth vertical sectors as retail, manufacturing, pharmaceuticals, finance and publishing.