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
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.
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.