This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EarthLink Announces Agreement To Acquire CenterBeam, Inc.

ATLANTA, June 17, 2013 /PRNewswire/ -- EarthLink, Inc. (NASDAQ: ELNK), a leading IT services and communications provider, today announced an agreement to acquire CenterBeam, Inc., a privately held information technology managed service provider with a 13-year track record of delivering cloud computing and hosted IT services, for a total consideration of $22 million. The transaction is structured as an asset purchase and is expected to close early in the third quarter of 2013, subject to customary closing conditions.

Headquartered in Sunnyvale, CA, CenterBeam provides remote managed IT services primarily to multi-location mid-sized businesses, and operates a 140-person IT Support Center providing help desk, desktop technical support and application support services.  The acquisition will further accelerate EarthLink's strategic transformation into an IT services provider at the forefront of cloud virtualization and provide a broader range of compelling IT products and services to middle-market customers.

"The acquisition of CenterBeam will fast-track our IT Services product development by providing us with critical scale and complementary product capabilities geared towards our multi-location business target market," said EarthLink Chairman and Chief Executive Officer Rolla P. Huff.  "CenterBeam's advanced set of products, tools and processes will enable us to quickly bring a robust set of remote managed IT Services and collaboration services to market. Additionally, CenterBeam's IT Support Center will provide expertise, scale and redundancy to our existing EarthLink TechCare remote help desk."

With this acquisition, EarthLink intends to accelerate its product capabilities for hosted collaboration services and unified end point management services. The company plans to offer CenterBeam's 365+ Enterprise Cloud service, which provides a full suite of collaboration services, along with its nationwide Hosted Voice platform, through its existing distribution channels. Additionally, EarthLink will integrate CenterBeam's service control portal with its myLink next generation control portal.  

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,582.08 -72.69 -0.44%
S&P 500 1,984.96 -2.70 -0.14%
NASDAQ 4,805.98 -6.7280 -0.14%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs