Roy Mark

Bankrupt Internet backbone PSINet Inc. has entered into a $10.2 million definitive share purchase agreement for the sale of PSINet Japan Inc. and certain of its subsidiaries to Cable & Wireless IDC Inc., a wholly owned subsidiary of Cable and Wireless plc. Because the transaction was structured as a stock purchase, Cable and Wireless also […]

Bankrupt competitive local exchange carrier e.spire Communications, Inc. has signed an agreement to sell its Florida-based Internet subsidiary, CyberGate, Inc., to e.spire Chairman George F. Schmitt. To accomplish the sale, the company filed a motion with the U.S. Bankruptcy Court for the District of Delaware. CyberGate’s subsidiary, ValueWeb, offers a line of shared and dedicated […]

Fairfax County Public Schools (FCPS), the 12th largest school system in the U.S., has selected the webMethods integration platform to implement a scalable integration solution that can grow with the information systems of the school district. Currently, there are more than 30 major information systems in use at FCPS, including: human resources, payroll, financials, procurement, […]

InteliData Technologies Corp. , which develops electronic banking and bill payment technology, has secured $7.46 million in gross proceeds through a private sale of 2.7 million shares of its common stock to a group of institutional investors. The financing included two-year warrants to purchase 1.3 million shares, which would result in an additional $3.73 million. […]

Under the terms of a new marketing agreement with Sprint , America Online, Inc., is offering its members a long distance plan branded as “AOL Long Distance provided by Sprint.” Members who sign up for one of the plans will have the opportunity to earn credit good toward their AOL service. Under the multi-year, multi-million […]

ServiceBench, Inc., an Internet-based supply chain service company to Fortune 1000 manufacturers for after-the-sale transactions such as warranty repair claims, parts ordering, product registration and electronic payments, has closed on $1.6 million of second round funding. NextGen Capital, L.L.C., led the funding round with $1.3 million with WomenAngels.net and other angel investors providing the difference. […]

Net2000 Communications, Inc., the Herndon, Va.-based competitive local exchange carrier, has agreed to sell its telecommunications assets, including its customer base, to Cavalier East, an affiliate of Richmond, Va.-based Cavalier Telephone. In order to effect the transaction, On Friday, Net2000 filed a voluntary petition with the U.S. Bankruptcy Court in Delaware for reorganization under Chapter […]

A preview of what a merged Hughes-EchoStar would look like will be on display today when Hughes Network Systems (HNS) introduces the companies that plan to support Hughes’ $1.5 billion Spaceway satellite broadband bet. The Germantown, Md.-based HNS is a Hughes Electronics subsidiary that provides the backbone technology for another Hughes subsidiary, DIRECTV, the largest […]

Six months after initially announcing the deal, Cox Communications, Inc. is launching its technical trial of EarthLink and America Online, Inc., Internet services over Cox’s broadband cable network in El Dorado, Ark. As part of Cox’s multiple Internet service provider (MISP) test, EarthLink and AOL high speed service will be available to 50 Internet users […]

PlayMedia Systems, Inc., which develops and markets the popular AMP MP3 audio decoding engine used in Winamp, has won a preliminary injunction against America Online, Inc., requiring AOL to stop distributing AOL 6.0 software containing PlayMedia’s software and to notify all licensees of AOL 6.0 of the issuance of the injunction. An AOL spokesperson told […]

President George W. Bush signed legislation this morning that gives law enforcement officials powerful and controversial new powers — including the most far reaching invasion of Internet privacy yet — to combat terrorism. The bill becomes law immediately and a tough talking United States Attorney General John Ashcroft said he will begin implementing it within […]

Microsoft Corp. has selected broadband company XO Communications, Inc. as Microsoft’s private label hosting provider for its 1.6 million small business bCentral registered users. The relationship also includes future plans to integrate key bCentral services into the XO flat-rate XOptions packages of local, long distance, Internet access and Web hosting services that are offered on […]