Mpact Immedia buys Newstar's E-finance division

Article Abstract:

Mpact Immedia Inc., a Montreal, Quebec-based subsidiary of Bell Canada, has acquired Thornhill, Ontario-based Newstar Technologies Inc.'s E-finance division for C$50 million in cash and stock. Mpact's move is aimed at becoming the leading provider of electronic commerce in Canada's banking industry. The terms of the deal includes performance bonuses payable before Oct. 1, 2000, to E-finance division's 135 employees. Mpact's attraction to Newstar is on the latter's electronic billing technology, which reduces customers' cost of using a bank machine from as much as C$2.50 per transaction to a fraction of that. E-finance division reported a revenue of C$23.5 million in earnings of C$1.8 million during the fiscal year ended June 30, 1998.

Comment:

Acquires Thornhill, Ontario-based Newstar Technologies Inc's E-finance division for C$50 million in cash and stock

Ontario, Financial software, Newstar Technologies Inc., MPACT Immedia Inc.

---

Newbridge buys U.K. firm

Article Abstract:

Newbridge Networks Corp., a Kanata, Ontario-based company, is expected to confirm its acquisition of Ubiquity Software Corp., a Newport, UK-based company that specializes in creating software for call centers. Terms of the acquisition deal were not disclosed though the transaction signals a change to Newbridge Networks' roster of affiliates, which include Castleton System s Corp. and PixStream Inc. of Waterloo, Ontario. The acquisition also gives Newbridge Networks more presence in the growing call center market.

Comment:

Is expected to confirm acquisition of Ubiquity Software Corp, a Newport, UK-based company

United Kingdom, Canada, Computer Auxiliary Equip, Computer and Peripheral Equipment Manufacturing, Computer peripherals, Newbridge Networks Corp., Ubiquity Software Corp.

---

Similar abstracts:

• Abstracts: Lucent's pain is Nortel's gain. Nortel downgraded by U.S. agency
• Abstracts: EnCana gets top dollar for gas depot division. Trust buyouts not my fault, Flaherty says
• Abstracts: RBC implicated over Enron. Sun Life Financial cuts U.S. spending
• Abstracts: Sales fears ended talks: Corning. CAE buys U.S. jet trainer
• Abstracts: Canadian tech star plunges in stock panic. Geac takes big charge in third quarter

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.