August 20, 2007 -- (WEB HOST INDUSTRY REVIEW) -- E-commerce solutions provider Internet Commerce (icc.net) announced on Monday it completed its acquisition of EasyLink Services (easylink.com). ICC initially announced a definitive agreement to acquire EasyLink in May.
Why use a vendor when you can choose a partner? DataPipe delivers highly customized solutions to meet your unique IT needs. World-class data centers in the U.S., London & China. DataPipe - Personal Touch, Global Reach.
The addition of EasyLink's products and services now enables ICC to provide its customers around the world with a range of messaging services, including a simple Web-based fax delivery, sophisticated fax hosting, tailored corporate e-mail messaging, EDI business-to-business exchanges and specialized Telex protocol transmissions for marine and finance industries.
With EasyLink, ICC is able to further diversify its portfolio of messaging services, increase its financial strength and accelerate its growth. Through this acquisition, ICC expects to generate more than $90 million in revenue in fiscal year 2008 and demonstrate continued commitment to its long-term growth with profitability strategy. ICC also closed its securities purchase agreement with affiliates of York Capital Management.
Internet Commerce also announced today it has changed its name and stock symbol to EasyLink Services International Corporation and trade under the symbol ESIC on the Nasdaq Capital Market. As a result of ICC's acquisition of EasyLink, EasyLink's common stock will no longer be publicly traded and will convert into the right to receive $5.80 per share of common stock.
