Infocrossing Completes Stock Sale
Verio Attracts Resellers with Free Month of VPS Hosting: Companies looking to boost revenues are finding Verio's Free VPS promotion the right fit for getting started as Hosting Reseller.
April 1, 2004 -- (WEB HOST INDUSTRY REVIEW) -- 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).
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