RealTime IT News

Today's Deals: Globix Buys Comstar.net

Globix + Comstar.net, Venture Catalyst + DayPlan.com

 Globix (GBIX) to acquire Comstar.net


   *  Amount:         $6.2 million


   *  Terms:            241,000 shares/$211,000 cash

   *  Premium:        n/a


   *  Industry:        Security


   *  Scorecard:      B-


    NEW YORK, Aug. 23--Globix Corporation , a provider of advanced Internet Data Center services, high-speed access, and streaming media solutions for business, has agreed to acquire privately held Comstar.net, a provider of managed e-business solutions, to meet the growing demand for network security and managed application services. Globix will pay approximately $211,000 in cash and will issue approximately 241,000 shares of its common stock in exchange for all of the issued and outstanding shares of Comstar.net. The acquisition is expected to be completed this month.



 Venture Catalyst (VCAT) acquires DayPlan.com


   *  Amount:         Undisclosed