BBN has acquired substantially all of the SURAnet assets fora approximately $13 million in cash and the assumption of certain operating liabilities.
BBN Planet NEARNET, BARRNET and SURAnet operations combined provide managed Internet access and value-added services, including network integration, monitoring and training, to more than 1,100 businesses and organizations in the U.
BBN Planet estimates that with BBN's completed acquisition of SURAnet
, the wide area network serving more than 400 business, government and academic organizations in 13 southeastern states, the total of all Internet traffic generated by BBN Planet operations will represent a leading percentage of all Internet business-oriented traffic in the U.
NYSE:BBN) and the Southeastern Universities Research Association (SURA) today announced they have signed a contract under which BBN will acquire the SURAnet Internet service.
The acquisition of SURAnet significantly increases BBN's presence in the fast-growing Internet services market.
The company has also signed a letter of intent to acquire SURAnet, a major regional Internet access provider, and that transaction is expected to be completed during the third quarter.
Conrades, president and chief executive officer of BBN, said, "With the sale of LightStream and the acquisition of SURAnet, BBN is focusing on the opportunity to provide internetworking applications and services to businesses.
NYSE: BBN) and the Southeastern Universities Research Association (SURA) today announced that they have signed a non-binding letter of intent under which BBN would acquire the SURAnet Internet service.
The acquisition of SURAnet would further enhance BBN's position as a leading provider of value-added Internet services.
SURAnet is the premier Internet service provider in the Southeast," said George H.