Maura Ginty

Taking another step in its international expansion efforts, Internet hosting and management company Exodus Communications Inc. Monday spent $105 million to buy international network capacity from a Global Crossing Ltd. subsidiary. Exodus (EXDS) plans to use the capacity to expand its operations in Europe and launch its services in Japan. The purchase will also support […]

The founder of Earthlink and the former head of Disney‘s Internet unit Monday rallied a group of high-profile investors to support their Internet business incubator’s new venture capital fund. eCompanies co-founders Jake Winebaum and Sky Dayton closed $130 million in funding for eCompanies Venture Group L.P. It took the dynamic duo a mere 2 months […]

The Sun-Netscape alliance Monday released two new products and a server upgrade as part of a suite of solutions that allow companies to create an online trading network. The portfolio of solutions can be integrated with existing systems to build trading communities that tie together customers, partners, employees and suppliers. Dubbed the iPlanet Commerce Integration […]

Australian online media company Spike Networks has entered a strikingly new deal in its first Japanese language Web site — selling candy online. Spike’s alliance with I&S/BBDO will create an online e-commerce site for Mars and Master Foods Japan, targeting the younger audience. The site will launch next month. Spike will create virtual characters to […]

In an effort to the tighten security of its e-mail services, e-commerce site XOOM.com Thursday bought encryption technology company Private One Inc. Private One’s e-mail security technology will initially be added to XOOM.com’s MightyMail, with integration to follow in other XOOM.com service offerings. Terms of the deal were not disclosed. “E-mail is a strategic component […]

Bitten by the e-commerce bug, major department store Nordstrom this week announced it is forming a subsidiary to spearhead its online apparel sales. Nordstrom.com’s first project will an online shoe store, which the company boasts will offer 20 million pairs of shoes. NORDSTROMshoes.com expects to be open for business by this fall. “Our experience in […]

With the goal of launching broadband services in the region, AT&T Tuesday spent $300 million to buy Brazilian IP network carrier Netstream. AT&T plans to expand the Brazilian company’s network and to offer broadband technology in the country’s major business centers. The telecommunications giant also aims to offer voice, data, Internet and electronic commerce services […]

AOL Europe Tuesday expanded its marketing agreement with Verio, naming the Internet services company its exclusive e-commerce, Web-hosting and domain name registration provider for Netscape Online, AOL’s new free service in the U.K. Under the agreement, Verio will market its services on specific Netscape Online channels through static buttons and banner advertisements. A co-branded Verio@NetscapeOnline […]

E*TRADE Group Inc. Monday took a minority stake in mortgage platform LoanCity.com, investing in a second round of funding that raised $10 million for the company. The amount of E*Trade’s investment was not specified. LoanCity.com Monday also rolled out its new Web hub, including online loan applications, interest rate comparisons, application tracking, and other information […]

Rapidly expanding PSINet Inc. Thursday made its fourth acquisition in Brazil in as many months, purchasing Domain Acesso e Servicos Internet Ltd. The company serves the Rio De Janeiro metropolitan area with more than 12,000 customers with dial-up and DSL connectivity. Terms of the agreement were not disclosed. PSINet’s expanding presence in Brazil is part […]

Publishing and Broadcasting Ltd (PBL) and ecorp announced this week invested $25 million to take a 50 percent stake in Wizard Mortgage Corp. “Wizard currently has a high level of advertising and promotional commitment on PBL media, especially on the Nine Network,” said Mark Bouris, Wizard’s executive chairman. “As part of our undertakings, Wizard has […]

Microsoft Corp. Wednesday took another lunge at archrival America Online Inc. in the new fighting arena of instant messaging, announcing it will publish its MSN Messenger Service protocol. Microsoft has generally not been a big backer of the open source effort, in contrast to AOL whose subsidiary Netscape Communications Corp. is embracing the trend the […]