Maura Ginty

Germany publishing and media house Bertelsmann AG Tuesday finally came to a decision regarding its awkward position on America Online Inc.’s board of directors. The continued presence of Thomas Middelhoff, Bertelsmann AG’s chairman and chief executive officer, AOL’s board was one of the first question marks to hit once the ISP of the masses announced […]

CMGI Inc. and Pacific Century CyberWorks Tuesday formed a second major collaboration for the development of Net business in Asia. The new Hong Kong-based venture will operate as CMGI Asia, and will act as a vehicle to bring other CMGI (CMGI) operating companies into the region. The imports will enter into separate venture agreements, but […]

Hongkong and Shanghai Banking Corp Ltd., Hang Seng Bank, Cheung Kong (Holdings) Ltd. and Hutchison Whampoa Ltd. Monday spent HK$3 billion ($385 million) to create a mysterious new e-commerce venture. iBusinessCorporation.com aims to bring more businesses online and will dig into the resources of each partner to reach its targeted audience with B2B and B2C […]

Dexia and Europ@web Friday announced plans to create a finance portal in a project valued at more than 100 million euros (US$101 million). Ze Project is meant to be the first step in the development of a retail financial portal, an idea which originated at Europ@web. With Dexia’s new investment, it will receive a 20 […]

Israeli ISP Internet Gold and three other companies Thursday formed a joint venture chartered with creating an online brokerage and financial services Web site for the Israeli market. Firms joining Internet Gold (IGLD) in the venture include Nessuah Zannex Ltd, A.B. Watley Group Inc. (ABWG), and IFAT Holdings. A total of $1.75 million was injected […]

Terra subsidiary Terra Networks Brasil Thursday joined the free Internet access rage which has been taking the country by storm over the past month. The company intends to launch Terra Livre on Feb. 5 in Sao Paulo. Other cities will be added, and a full deployment calendar is expected to be released soon. Terra has […]

Net telephony player VocalTec Communications Ltd. this week inked a deal with Deutsche Telekom AG to bring its platform to the German telecom’s freecall Online program. Under the terms of the deal, Deutsche Telekom will pay $11 million for an application service hosting platform for its Net-based call center. Deutsche Telekom expects to roll out […]

Juniper Networks Inc. Tuesday moved to bolster its presence in the Asia Pacific market with the purchase of Pacific Advantage Ltd. Juniper (JNPR) will buy the regional sales and marketing company for $4 million in an all-stock deal. Juniper expects the acquisition to add sales, consulting and client support staff to its network of seven […]

Net messaging company Critical Path Inc. Tuesday inked a joint venture with Japanese conglomerate Mitsui & Co., Ltd. and telco NTT Communications Corp. to bring its messaging platform to Japan. Mitsui will bring its pan-Asia and domestic partnerships to the table as a reseller, while NTT Com will host the services and provide the backbone […]

UK crackers hacked into the systems of 12 multinational companies and are holding stolen information from one company ransom for as much as £10 million ($16 million). According a report in London’s The Times, the invasion is considered one of the most serious security breaches in the country. The acts are suspected to be the […]

Irish online security company Baltimore Technologies plc Monday said it spent $150 million on the purchase of CyberTrust Solutions Inc. from GTE’s Contel Federal Systems Inc. Under the terms of the all-stock deal, Baltimore Technologies (BALT) expects to gain U.S.- and Japan-based hosting facilities, which were built on a previous $25 million injection, and a […]

Korea Thrunet Co. Ltd. Friday led a group which invested $59 million for a majority stake in Korean portal and ISP Nowcom Company Ltd. Thrunet (KOREA) individually injected a total of KRW 35.6 billion (US$31 million) for a 32 percent equity holding, the largest stake in the company. TriGem Computers Inc., TriGem Ventures and Metaland […]