Leading e-mail service provider Mail.com Inc. sought to bolster its messaging services Monday by snatching up fax solutions pioneer NetMoves Corp. in a stock exchange worth $173 million.
Business News for IT Managers::
Mail.com Grabs NetMoves For $173 Million. By Clint Boulton. December 13, 1999 NetMoves IP-based document delivery solutions significantly enhance Mail.coms
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As the leading provider of Internet document delivery solutions, NetMoves (NTMV) provides companies with secure, inexpensive methods of delivering critical documents through a range of outsourced solutions, including its line of Internet fax
services.
NetMoves brings to Mail.com (MAIL) more than 7,000 corporate customers, an experienced sales force, an established international reseller network and a full range of service offerings complementary to Mail.com's suite of business messaging services, the company said.
Thomas Murawski, president, chairman and CEO of NetMoves, will join Mail.com's board of directors and serve as CEO of Mail.com's business messaging division. Prior to joining NetMoves, Murawski was president and general manager of ITT World Communications.
Mail.com Grabs NetMoves For $173 Million::
.com Inc. sought to bolster its messaging services Monday by snatching up NetMoves Corp. Mail.com Grabs NetMoves For $173 Million. By Clint Boulton
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NetMoves is best known as a pioneer and market leader in Internet fax solutions. The company currently
serves over 146,000 users across 150 countries through its network of 28 IP nodes in 20 countries.
NetMoves' outsourced Internet fax solutions integrate fax with e-mail, eliminating the need for companies to deploy and manage fax machines and servers. Connecting to NetMoves' global Internet document delivery network allows customers to distribute one or thousands of business critical documents using the latest technology without any of the risk.
"NetMoves' IP-based document delivery solutions significantly enhance Mail.com's product offering for the business
messaging market," said Gerald Gorman, chairman and CEO of Mail.com. "Their team of 40 sales professionals, relationships with over 200 international resellers and international IP messaging network will rapidly accelerate Mail.com's market penetration."
Mail.com serves all four market segments that provide e-mail services direct to consumers, Web sites, ISPs and corporations.
The company has worked feverishly to increase its technology base, grabbing software technology company TCOM in October and e-mail management corporation Allegro in August. Also acquired in Mail.com's shopping spree was online calendar provider, eOrganizer, which it purchased in July.
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