AT&T Acquires USinternetworking
September 12, 2006 — (WEB HOST INDUSTRY REVIEW) — Telecommunications carrier AT&T (att.com) announced on Tuesday that its subsidiary, AT&T Corp., has agreed to acquire privately held applications service provider USinternetworking (usi.net) for approximately $300 million in cash and assumed debt. The transaction, which is expected to close in the fourth quarter, is designed to enhance AT&T’s enterprise service offerings.
The acquisition strategically aligns USi’s software and e-business management services and consulting expertise with AT&T’s existing portfolio of enterprise hosting and managed services.
AT&T says these services are in high demand among companies progressively using enterprise-wide software applications to cut costs, while looking for the expertise of a hosting and applications management provider that can help them deliver consistent solutions at scale and globally.
USi specializes in managed enterprise software solutions and on-demand services, and provides software management and outsourcing services for widely used popular business software from companies like Oracle, PeopleSoft, Siebel, Microsoft, IBM WebSphere and Ariba. The company also develops, hosts and manages customized e-commerce solutions.
