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September
1999
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The
3000s third party apps-on-tap pioneer is being
acquired
RJust a day after
HP broke word that it was partnering with Telenomics to offer the
PWARE phone management application as a 3000 e-service from an HP
datacenter, another company validated the value of the 3000 with a
bid to acquire Telenomics. Cybertel Communications Corp. signed a
letter of intent in mid-August to acquire Telenomics, giving the
longtime 3000 solution supplier a new corporate backer with a growing
Voice over Internet (IP) network. Cybertel, a publically traded
company which hopes to wholesale up to $12 million yearly in IP
service, is building an Internet Telephony network to deliver IP long
distance to all 50 states at a flat rate of $30 a month. Buying
Telenomics means we are able to enter a new area of business in
telephony billing, said Richard Mangiarelli, president and CEO
of Cybertel. This acquisition brings us closer to our goal of
being a full service telecommunications provider.
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