Roy Mark

America Online, Inc., is expected to play its long awaited China card as early as next week according to various news sources. Both Reuters and the Asian Wall Street Journal are reporting that AOL and Legend Holdings, China’s largest computer maker, will close a $200 million deal that will give AOL access to China’s 22 […]

An investment group that includes senior members of PSINet’s Latin American management team has signed a letter of intent to purchase PSINet’s Latin American operations and facilities in Argentina, Brazil, Mexico and Uruguay. The terms of the potential deal were not disclosed. The bankrupt backbone Internet service provider is also considering strategic alternatives for its […]

Manugistics Group, Inc. has reached a preliminary agreement with privately-held SpaceWorks, Inc., which ceased operations in May, to acquire SpaceWorks’ intellectual property and certain of its assets for an undisclosed sum. Manugistics intends to combine its Web-based supply chain management solutions with SpaceWorks’ Web-based order-management technology, including the SpaceWorks best-of-breed order transaction engine. The acquisition […]

Claiming total liabilities of $4.3 billion, PSINet Inc. , the pioneering wholesale Internet service provider that went on an aggressive acquisition binge over the last four years, has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. Included in the filing […]

Beginning in July, America Online, Inc. is increasing the monthly price of its unlimited use plan by $1.95 to $23.90, its first price hike since 1998. According to the Dulles, Va.-based AOL, the eight per cent price increase will help fund improvements in its service. AOL’s other pricing plans will not be affected by the […]

America Online, Inc., is acquiring Internet call management company InfoInterActive Inc. for $28.2 million in cash. Under the terms of the acquisition agreement, AOL will acquire all of the outstanding shares of InfoInterActive for $1.42 for each share of InfoInterActive. The deal also includes a termination fee payable by InfoInterActive to AOL of $1.41 million […]

Ikimbo, Inc., is teaming with Broadbeam Corp. to offer an integrated solution that allows business users to share time-sensitive information over a broad range of wireless networks and mobile devices. The partnership addresses the growing demand for secure instant communication in field sales and service organizations, delivery services, and business-critical applications such as customer relationship […]

Continuing its push into the business-to-business (B2B) Internet market, ePlus inc. is acquiring the commercial technology business assets of ProcureNet, Inc., for $1 million in cash plus approximately 422,500 shares of unregistered common stock. The transaction, structured as an asset purchase agreement, has been approved by the boards of both companies and is expected to […]

Computer retailer CompUSA Inc. and America Online are forming a strategic marketing alliance that will offer AOL products and services to CompUSA shoppers nationwide, while providing CompUSA with a series of promotions across several AOL brands. Under the agreement, CompUSA will create AOL displays in its 218 CompUSA Superstores nationwide, demonstrating a full range of […]

Hewlett-Packard Company and webMethods, Inc. are striking a strategic alliance to create software to help companies monitor and manage the performance of their business IT environment. The HP OpenView software business unit will collaborate with webMethods. The offering from HP OpenView and webMethods aims to help customers discover and correct problems in application connectivity and […]

Emtera Corp., which provides mobile customer relationship management (mCRM) solutions for the retail industry, has completed its initial financing with $1.2 million dollars from Avisent, an early-stage investment vehicle founded by General Atlantic Partners. The Arlington, Va.-based Emtera, which maintains a research and development center in Atlanta, also announced it has acquired Sentio Research, Inc., […]

Broadband provider Teligent. Inc. has been granted a waiver to an amendment and consent to its credit agreement with The Chase Manhattan Bank, Goldman Sachs Credit Partners, Toronto Dominion Bank and other lenders, providing an extension on a total of $350 million until May 15. If the company does not meet the new deadline, Teligent […]