RealTime IT News

RMI Continues National Expansion

Moving aggressively to foster expansion, RMI.NET Inc. Monday made its fifth acquisition of an Internet-based company in the past two weeks.

The company, formerly known as Rocky Mountain Internet, purchased the assets of CyberDesic Communications, Inc. for $570,000 in common stock.

This is RMI's second acquisition in the central Illinois area. RMI earlier had acquired Dave's World, a full service Internet communications provider based in Bloomington, Ill.

Earlier this year, RMI announced plans to press out of the Rocky Mountains and expand their Internet access offerings throughout the U.S.

Douglas H. Hanson, RMI chairman and chief executive officer said the recent acquisitions are all a part of the master plan for expansion.

"The addition of these assets is in keeping with our geographic expansion plans and our strategic efforts to expand RMI.Net's national presence."

RMI recently acquired Salt Lake City-based ISP Internet Connect, IdealDial in Denver, Colorado Mountain Net in Steamboat Springs and CommerceGate, a Seattle-based e-commerce development firm.