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RealTime IT News

Internet America Acquires CompuNet

Internet provider Internet America Inc. is acquiring CompuNet in a $2 million deal.

Internet Americas agreement to purchase the assets of CompuNet, announced late Friday, is a stock deal and includes the assumption of undisclosed liabilities.

"We are excited to be welcoming CompuNet customers to the Internet America family and are pleased that our new members will be able to enjoy some of the fastest and most reliable Internet systems in the world," said Mike Maples, chief executive officer of Internet America.

"This is a significant event because it marks the first acquisition in Internet America's expansion strategy made possible by our IPO in December."

Internet America is a regional ISP in the southwestern United States with more than 50,000 subscribers.