RealTime IT News

DirectNet Telecommunications Acquires EOS

DirectNet Telecommunications, a provider of international telecommunications services with headquarters in Newport Beach, CA, completed the acquisition of EOS, a Prague-based provider of electronic-commerce products.

"This acquisition will enable DirectNet to enhance its service coverage and diversify its product offerings," said Daniel Gee, president and chief executive officer of DirectNet.

According to George Zavidil, founder and strategic planner of EOS, "DirectNet's existing infrastructure, sound financial position and strengths in sales and marketing combined with EOS' strong market position, established product line and commitment to growth made for a very effective strategic business alliance."

Operating under the name DirectNet--EOS, the staff will remain at the company's headquarters in Prague. David Wolfe of DirectNet has formally been named director general of the newly joined organization.