Roy Mark

Application service provider USinternetworking, Inc. plans to file for Chapter 11 bankruptcy reorganization Monday while at the same time announcing an investment of up to $106 million in the company by USi Holdings, an investment affiliate of Bain Capital Partners, LLC. When completed, Bain will own all of the equity in USi. The investment is […]

GMC Holding Corp. plans to acquire up to a 50 percent interest in LiveCapsule, Inc., an Annapolis, Md.-based data management Web services technology company, for $7 million and 500,000 shares of GMC. Using the new firm’s technology, businesses can enable their website content with LiveCapsule technology, creating individual content containing rich information about a product […]

Vastera, Inc. , which develops global trade management (GTM) solutions, has signed a definitive agreement to acquire PRISMA Tecnologia Computacional, S.A. de C.V., a provider of software solutions for GTM in Mexico. Financial terms of the acquisition were not disclosed. During its ten years in the Mexican market, PRISMA has acquired a list of over […]

The U.S. Department of Defense (DoD) has selected the webMethods platform to integrate the DoD’s internal marketplace and procurement system, called EMALL, to other applications required for managing an electronic procurement system. EMALL uses the Internet to give single access to enter and to procure off-the-shelf, finished goods from commercial marketplaces and the government’s suppliers, […]

Atlanta’s Interland, Inc. has confirmed that it is the unnamed company announced Monday that is in negotiations with bankrupt competitive local exchange carrier e.spire Communications, Inc. to acquire certain assets of e.spire’s web hosting subsidiaries, FloridaNet, Inc. and CyberGate, Inc. Any sale is subject to procedures and final approval by the U.S. Bankruptcy Court for […]

The U.S. Bankruptcy Court for the District of Delaware has approved procedures for sale of e.spire Communications, Inc.’s Internet subsidiary, CyberGate, Inc., and plans a January 7 auction. The court also approved a lead bid of $21 million by an unnamed Web hosting provider to acquire certain assets and to assume certain liabilities of the […]

According to several published reports, a Delaware bankruptcy court has approved a last minute offer from New Jersey-based IDT Corp. to buy beleaguered wireless telecommuncations company Winstar Communications, Inc., for approximately $38 million. Before the late Tuesday offer, Winstar had been prepared to liquidate. Winstar, which has its headquarters in New York but has an […]

Internet service provider EarthLink will be a featured provider at electronics retailer Circuit City’s Broadband Stations, in-store kiosks with information about service providers, equipment and home networking. EarthLink High Speed Internet services featured at the Broadband Stations include EarthLink DSL, EarthLink 2-way Satellite and EarthLink Cable, in areas where available. The addition of the Earthlink […]

Motorola, Inc. plans to slice 4,100 employees from it payroll by the end of the year and pare another 4,300 employees in 2002, mostly in the semi-conductor division, in its drive to meet the wireless tech giant’s predicted return to profitability in the next 12 months. The layoffs and other cost saving measures are expected […]

Enterprise monitoring and data collection software firm Chevin, Inc.’s parent company has received an unscheduled $1.25 million cash infusion from MTI, a venture capital firm based in Watford, England. , the investment was matched by an undisclosed amount from the management and employees of Chevin, who were given an opportunity to purchase shares in the […]

Motorola plans to market across a variety of AOL Time Warner media and provide content and services to wireline and wireless consumers through a package of mobile and instant messaging solutions under the terms of a new marketing and technology agreement between the two companies. Actual terms of the “multi-million dollar, multi-year alliance” were not […]

America Online, Inc., is releasing it own beta version of MusicNet, the premium music service formed by RealNetworks Inc. and AOL Time Warner and music publishers Bertelsmann and EMI Group. Last week, RealNetworks released it the RealOne, its version of the pay-for-play service. AOL’s new digital music subscription service will be priced at $9.95 per […]