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:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Byte: Google Adds Upgrades to AdWords

News Byte: Google Adds Upgrades to AdWords

Rolling out over the next few months will be tools for mobile app engagement, automated bidding, and A/B testing.

This Earth Day, SodaStream Takes People to 'The Secret Continent'

This Earth Day, SodaStream Takes People to 'The ...

The promotional premise is garbage, of course—some 3.5 million tons of it floating in the Pacific, unbeknownst to millions of drinkers of bottled pop.

News Byte: CX Scores to Take Their Place Beside Price Listings

News Byte: CX Scores to Take Their Place ...

E-commerce aggregator PriceGrabber will begin offsetting price info with service expectations.