British IT Provider Buys Aegis Communications

Share this content:
British IT services provider AllServe acquired telemarketing agency Aegis Communications Group for $22.75 million, Aegis said yesterday.

Along with the cash payment, AllServe agreed to assume all Aegis trade liabilities. In a statement, Herman Schwarz, president/CEO of Aegis, said the telemarketing agency had negotiated an extension of its bank line earlier this year but later decided to seek a merger partner after it became clear the company needed to find a new source of funding by the end of the year.

Aegis, Irving, TX, will become a subsidiary of AllServe, which is based in Ascot, England. Aegis said it will repay its lenders using the cash proceeds of the merger and does not anticipate a payment to stockholders as a result of the acquisition.

The company said it expected to complete the merger during third-quarter 2003.


Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above