Tucows to Buy Critical Path's Hosted Messaging Assets for $8M

Share this article:
Internet services firm Tucows Inc. signed an agreement to buy the hosted messaging assets of Critical Path Inc. for $8 million in cash and the assumption of contractual debt.


The acquisition, expected to close Jan. 3, yields Critical Path's client list, hosted messaging communications infrastructure, goodwill and a software license for Memova Messaging.


Tucows will keep Critical Path's hosted messaging data centers in Denver and London as well as most agency employees in Toronto.


The acquisition is expected to strengthen Tucows' presence in hosted e-mail for Internet service providers and Web hosting firms. The Toronto company's goal is to be the leading provider of Internet service to ISPs.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

One Third of Americans' Social Media Time Is Spent on Facebook

One Third of Americans' Social Media Time Is ...

Pandora, meanwhile, attracts more user time but far fewer digital advertisng dollars, says a study.

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

Robert Thomson warns the EU that an antitrust deal with Google will lead to a decrease in competitive options for marketers and an increase in piracy.

Video's Going Programmatic, New Study Contends

Video's Going Programmatic, New Study Contends

Some 60% of brands now buy online video programmatically, according to a study from AOL's Adap.TV.