finance

 

Switch and Data Talks Trading

Switch and Data(SDXC), a provider of network-neutral data center and Internet exchange services, announced the launch of its Financial Services Practice, developed to address the volume and low-latency requirements of electronic trading markets. It will provide comprehensive data center solutions for pre/post trade service providers, the buy side, and sell side communities in the equity, […]

Ingram Micro Unveils Finance Options, Expanded Field Support

Ingram Micro said it has introduced a new suite of customizable leasing finance options and expanded field credit resources to help providers grow and capture more services value in 2008. Available now through Ingram Micro Preferred Leasing (IMPL), these new leasing options include managed services financing, 100 percent software financing, public sector leasing, small ticket […]

Varilease Unveils Financing Options on Zultys Equipment, Telrad Connegy Products

Varilease Technology Finance Group Inc., which specializes in meeting the financing needs of companies in the SMB marketplace, has reached agreements to offer financing options to Zultys Tehnologies VARs and end users, as well as Telrad Connegy dealers and end users. Each of the sponsored financial services programs is a suite of customized lease products […]

Level 3 Works Out the Kinks

It’s no secret that with growth comes pain. In the case of Level 3 Communications Inc., a two-year M&A spree culminated this summer in back-office and operational problems that had a lot of agents grumbling. Some were past the complaints stage and said they’d stopped sending business to Level 3, although that doesn’t seem to […]

East Meets West: PAETEC/McLeodUSA Combo Creates Nationwide CLEC

McLeodUSA CEO Royce Holland and PAETEC Chairman and CEO Arunas Chesonis JUST AS THE Louisiana Purchase nearly doubled the size of the United States, PAETEC Holding Corp. has added to its territory with its acquisition of McLeodUSA Inc. Whether or not the combination will have the kind of impact on the competitive carrier landscape that […]

Level 3 Stocks Drop on CFO News

Level 3 Communications Inc. shares fell nearly 9 percent by early afternoon on news that the company is looking for a new CFO. Level 3s stock was trading for $4.47, down 8.78 percent from the opening price of $4.75. CEO James Crowe said CFO Sunit Patel will remain with Level 3 during the transition period. […]

PAETEC Buys Allworx on Heels of McLeodUSA Deal

About a month after announcing the acquisition of McLeodUSA Inc., PAETEC Holding Corp. said it also will buy equipment maker Allworx Corp. PAETEC will pay $25 million in cash. Allworx will become a PAETEC subsidiary. SMBs make up a large part of McLeodUSAs customer base. PAETEC is more accustomed to selling to enterprises. By adding […]

Virgin Mobile Holds Steady on the NYSE

Virgin Mobile USA Inc. were trading slightly above the target opening price of $15 per share on Friday, a day after the MVNO went public on the New York Stock Exchange. That share price was a little lower than the expected $15-$17 range. Virgin Mobile offered 27.5 million shares of Class A common stock; investors […]

Voda One, Avaya Financial Services Enhance Funding Program

Westcon Group Inc. said Wednesday its Voda One business practice has teamed with Avaya Financial Services to deliver additional funding capabilities to its customer reseller base. Voda One resellers can use the enhanced Advanced Funding program to receive capital funding upfront upon delivery of the equipment to the end user customer. This helps the reseller […]

Matisse Raises $45 Million to Expand Sales, Marketing of Its EtherBurst Optical Switch

Matisse Networks (Booth 626) closed a $45 million Series C financing round to expand the sales, marketing and development of the EtherBurst optical switch. Merrill Lynch PCG invested $35 million in the round, which included Menlo Ventures, Monitor Ventures, Walden International and Woodside Fund. Matisse Networks now has raised total financing of $80 million. We […]

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