EarthLink Inc. (ELNK), IT services and communications provider, announced 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 company plans to offer CenterBeam's 365+ Enterprise Cloud service, which provides a full suite of collaboration services, along with its nationwide Hosted Voice platform, through its existing distribution channels. Additionally, EarthLink will integrate CenterBeam's service control portal with its myLink next generation control portal.
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