📅 - Infocrossing (infocrossing.com), a provider of IT and business process outsourcing services, announced this week that it has acquired MailWatch, a provider of outourced email security services. Infocrossing paid $3.5 million in cash and 123,193 shares of Infocrossing stock. The company said the acquisition of MailWatch complements its existing managed services capabilities and will help it break into the outsourced email security services market.
"The transaction reflects our focus on acquiring companies with a data center based business model, recurring revenue stream and complementary services that can be integrated into our existing operations and enhance the value of our services," says Zach Lonstein, chairman and chief executive officer of Infocrossing. MailWatch's email security services deliver spam blocking, virus scanning, content filtering and disaster recovery services to enterprise customers. "We're pleased that Infocrossing has acquired the MailWatch service," says Gerald Gorman, chairman of EasyLink Services Corporation. "MailWatch is an important layer of companies' email security services, and we believe Infocrossing's computing expertise and operating position will translate into enhanced services and increased benefits for MailWatch customers."
Reads: 2127 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/inf080604.cfm
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📅 - Infocrossing Sells Stock to Fund Buy - Infocrossing (infocrossing.com), a provider of IT and business process outsourcing services, announced on Friday that it has entered into a definitive agreement for a $30.6 million private placement of 2,917,000 shares of its common stock. The New Jersey-based company said it plans to use the proceeds to finance a portion of the $36.5 million it has agreed to pay for all of the outstanding stock of data center outsourcing provider Systems Management Specialists (SMS) (smsoutsourcing.com). Earlier this month, Infocrossing announced its intentions to acquire the California-based company in a deal it says will bring an additional $33 million in gross annual revenue.
📅 - Infocrossing Completes Stock Sale - Infocrossing (infocrossing.com), a provider of IT and business process outsourcing services, announced today that it has completed its previously announced $30.6 million private placement of 2,917,000 shares of its common stock. The New Jersey-based company said it plans to use the proceeds to finance a portion of the $36.5 million it has agreed to pay for all of the outstanding stock of data center outsourcing provider Systems Management Specialists (SMS) (smsoutsourcing.com). Infocrossing announced plans to acquire SMS in early March. It expects the combination of two regional service providers will bring the company an additional $33 million in annual revenue.
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📅 - Infocrossing Names New Board Members - Infocrossing (infocrossing.com), a provider of IT and business process outsourcing services, named Patrick A. Dolan and Howard L. Waltman to its board of directors of Thursday. Dolan is currently the president and chief operating officer of Infocrossing. He was previously chairman and chief executive officer of ITO Acquisition Corporation. Waltman is a co-founder of Express Scripts, a pharmacy benefits management company. He previously served as a director of Infocrossing between May 1997 and May 2000. "We are pleased to welcome Patrick Dolan and Howard Waltman to Infocrossing's Board of Directors," says Zach Lonstein, chairman and CEO of Infocrossing. "Patrick's
📅 - Infocrossing (infocrossing.com), a provider of IT and business process outsourcing services, announced this week that it has acquired MailWatch, a provider of outourced email security services. Infocrossing paid $3.5 million in cash and 123,193 shares of Infocrossing stock. The company said the acquisition of MailWatch complements its existing managed services capabilities and will help it break into the outsourced email security services market. 
Reads: 2127 | Category: General | Source: TheWHIR : Web Host Industry Reviews