AT&T Inc. announced today that it has agreed, through one of its subsidiaries, to acquire privately held Interwise,...
October 1, 2007
AT&T Inc. announced today that it has agreed, through one of its subsidiaries, to acquire privately held Interwise, a provider of voice, Web and video conferencing services to businesses for US$121 million.
The transaction, which is expected to close in the fourth quarter, aligns Interwise’s IP-based conferencing and collaboration offering with AT&T’s enterprise networking, communications and collaboration services, global MPLS-based IP network and its conferencing portfolio of services.
Following the acquisition, the company will operate as a business unit within AT&T Global Business Services, which serves some of the largest enterprises around the world.
AT&T said in a statement it expects to retain Interwise’s management team and its domestic and international operations, including its R&D center in Israel.