Earthlink (ELNK) Acquires CenterBeam for $22M

Earthlink, Inc. (NASDAQ: ELNK) ounced an agreement to acquire CenterBeam, Inc., a privately held information technology managed service provider with a 13-year track record of delivering cloud computing and hosted IT services, for a total consideration of $22 million. The transaction is structured as an asset purchase and is expected to close early in the third quarter of 2013, subject to customary closing conditions.

Headquartered in Sunnyvale, CA, CenterBeam provides remote managed IT services primarily to multi-location mid-sized businesses, and operates a 140-person IT Support Center providing help desk, desktop technical support and application support services. The acquisition will further accelerate EarthLink's strategic transformation into an IT services provider at the forefront of cloud virtualization and provide a broader range of compelling IT products and services to middle-market customers.

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