InternetNews Staff

Wareforce.com Inc., a provider of information technology and technical services for Fortune 1000 companies, government agencies and educational institutions, signed a letter of intent to acquire 70 percent of uMember.com , an online auction company. Under the terms of the letter of intent, in exchange for its 70 percent interest, Los Angeles-based Wareforce will invest […]

eCom eCom.com Inc. acquired the Swap and Shop Web site, the latest addition to its new Trading Club concept. Financial terms were not disclosed. The Trading Club is a full- service online trading facility. Swap and Shop enables members to post notices of items that they would like to trade for other goods. With this […]

Citing growth in other online investment markets, Fidelity Investments Tuesday announced plans for a 401(k) plan that will be offered, sold, and serviced over the Internet. Set to roll out this summer, Fidelity “e401k” will be initially targeted to small businesses that are technology-savvy, offering personal computer and online access to their employees. Companies can […]

America Online Inc. plans to build a new $550 million data center in Prince William County, Va. AOL officials refused to elaborate on the plans, but The Washington Post, citing government officials, said the new center will be built just outside Manassas, Va. and will house a variety of computer equipment, including new technology to […]

Online travel site NITC Travelbase said it has purchased the Lodging.com Web site. Financial terms were not disclosed. Lodging.com lists more than 35,000 accommodations in 2,500 U.S. cities, including listings of off-the-beaten path inns, guest houses and bed and breakfast lodgings. The database includes links to more than 2,000 hotels, motels, resorts and B&B’s Web […]

NetPhone Inc. Monday expanded its telephony services to the intranet arena with enterprise versions of its Connect and IPBX telephony products. NetPhone Connect and NetPhone IPBX are business telephony products made to direct inter-office calls to a corporate data network, entirely bypassing the public switched telephone network. The company’s original focus was on small to […]

PaymentNet, a provider of outsourced e- commerce transaction processing, has secured new funding from investors including Wells Fargo, AT&T Ventures, Convergence Partners, Bay View Investors Ltd. and GC&H Investments. The funds will be used for general working capital purposes, including investments in research and development and in marketing programs, the company said. Financial specifics were […]

Indian ISPs in the recently liberalized Internet access market are forming alliances to tackle domestic growth obstacles and regulatory hurdles. Over 20 ISPs have teamed up to form the Internet Service Providers Association of India (ISPAI). India’s Department of Telecommunications has awarded 75 ISP licenses to Indian organizations. R. Ramaraj, ISPAI president and managing director […]

TCI@Home Network has repealed its highly- criticized cable modem user agreement less than two-weeks after attempting to introduce it. @Home has produced a “plain English” clarification of the companies subscriber agreement. The original 9,000-word document that was e-mailed to about 40,000 @Home subscribers during the middle of February left cable modem users uncertain about their […]

Salvos are being fired on the Internet service rate front by the two government-owned telecom operators, Videsh Sanchar Nigam Ltd. (VSNL) and Mahanagar Telephone Nigam Ltd. (MTNL), who are reducing their Net rates to corner a larger, loyal clientele base. VSNL, whose subscriber base has crossed 90,000, is gearing up to provide Internet access free […]

Network-1 Security Solutions Inc. Friday expanded its international presence by forming a new partnership program. The program is aimed at system integrators around the world that support Network-1’s CyberwallPLUS security products for intranets, extranets and Internet-based networks. Network-1 hopes the program will better integrate marketing, sales and technology partnerships and expand the research of the […]

Los Angeles-based Zulu-tek Inc., an affiliate of Enhanced Services Company Inc. said it is calling off its planned acquisition of BrandsForLess.com (BFL) and instead will pursue its own commerce strategy. Zulu and its affiliates will remain a significant minority shareholder of BFL and will continue to support the development of BFL’s business model, the company […]