PSInet To Boost Business Services Through Acquisition - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


PSInet To Boost Business Services Through Acquisition

Looking to diversify beyond offering Internet access and Web-hosting services, Internet service provider PSInet Inc. plans to acquire Transaction Network Services Inc. for roughly $700 million in a cash-and-stock deal that could close by year's end.

PSInet says it plans to eventually offer all the components needed for the combined companies' customers to do business over the Internet. PSInet, which operates a 21-country IP network, will get the transaction-processing resources needed to offer robust E-commerce services, as well as TNS's financial services customers. TNS operates in six locations outside the United States: Australia, France, Ireland, Japan, Sweden, and the United Kingdom.

PSInet is best known for being among the first companies to offer Internet access. It plans, with TNS, to offer its customers a package of business services, including Web hosting, application hosting, and transaction services.

TNS will eventually be integrated with PSInet, officials say. The combined companies will have about 2,800 employees worldwide. No word yet on whether any employees will be laid off.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
IT Careers: 10 Industries with Job Openings Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/27/2020
How 5G Rollout May Benefit Businesses More than Consumers
Joao-Pierre S. Ruth, Senior Writer,  5/21/2020
IT Leadership in Education: Getting Online School Right
Jessica Davis, Senior Editor, Enterprise Apps,  5/20/2020
Register for InformationWeek Newsletters
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll