Tech Company M&A Transactions
USinternetworking Acquisition
USinternetworking, based in Annapolis, was acquired by AT&T. AT&T said the transaction price was $300 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/12/2006
Transaction Type
M&A
Amount
$300,000,000
M&A Terms
AT&T Inc. (NYSE: T) announced today that its subsidiary, AT&T Corp., has agreed to acquire privately held USinternetworking, Inc. ("USi"), a leading independent Applications Service Provider (ASP) -- for approximately $300 million in cash and assumed debt.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
2500 Riva Road
Annapolis, MD 21401
USA
Annapolis, MD 21401
USA
Phone
Website
Email Address
Not Recorded
Overview
USi is a leading global independent ASP specializing in managed enterprise software solutions and on-demand services. USi provides software management and outsourcing services for widely used popular business software from companies like Oracle, PeopleSoft, Siebel, Microsoft, IBM WebSphere and Ariba.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
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