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Article: Telecom Wireless Announces the Acquisition of Prentice Technologies.
- Article from:
- Business Wire
- Article date:
- April 27, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ENGLEWOOD, Colo.--(BUSINESS WIRE)--April 27, 1999--
Telecom Wireless Inc. (OTC BB:NOYR) Tuesday announced its plans to acquire Prentice Technologies Inc. (http://PrenticeTechnologies.com), a privately held consolidator of Internet Application Service Providers (ASPs).
The acquisition confirms Telecom's commitment to deliver value-added services on top of its Internet-focused technology platform. Forrester Research Inc. in Cambridge, Mass. predicts that the ASP market will experience explosive growth, moving from practically zero to $6.4 billion in just two years. As an early player, Telecom expects to gain significant market share in this new and ...