Monday, September 11, 2006

AT&T to Acquire USi for $300 Million -- an ASP

AT&T agreed to acquire privately held USinternetworking, Inc. ("USi"), a leading independent Applications Service Provider (ASP) -- for approximately $300 million in cash and assumed debt.

USi specializes 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. The company also develops, hosts and manages customized eCommerce solutions.

AT&T said the acquisition would enhance its enterprise service offerings.