Cybernet AG Announces Significant Corporate Growth; Two Acquisitions, Key Management Named.MUNICH, Germany--(BUSINESS WIRE)--Oct. 14, 1997--Cybernet AG (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ZNET), announced Tuesday that it has strengthened its position in the German Internet business services market by acquiring two companies that specialize in messaging and online marketing solutions. The new additions, financed by a recent private placement, enable Cybernet AG to provide a broader range of network-based services and to expand its business activities in Europe. Cybernet AG has also added several industry experts to its management team. The addition of the experts enables Cybernet to provide better and more extensive network business solutions and further strengthens its position as a telecommunication service provider. Cybernet AG has enhanced its portfolio of Internet business applications with the acquisition of ARTWISE GmbH and LOOK!Multimedia GmbH. Both companies, which are based in Neu-Ulm, Germany, are well-known experts in messaging solutions and on-line marketing solutions. As part of its market leadership strategy, Cybernet AG has also hired several internationally recognized industry experts. Among the new key management team members are Alessandro Glacalone, previously Managing Director of ECRC ECRC - European Computer-Industry Research Centre GmbH (a subsidiary of ICL-i), as well as Dave Morton and Todd Ferguson, previously in charge of technical management at ECRC. Within 18 months, Cybernet AG has established a solid position in Internet services for business customers. More than 500 companies in Germany currently use the services of Cybernet AG and its subsidiaries for Internet access, electronic commerce, intranet projects, internet security, and collaborative computing. Among these are companies like ADIG ADIG Asociación de Informática de Guatemala (Computer Science Association of Guatemala) ADIG AMC (Air Mobility Command) Data Implementation Group (addresses data standardization issues) Investment, Bertelsmann, Boston Consulting Group, Daimler Benz, Deutsche Aerospace, Dynamit Nobel, Gesellschaft fuer Zahlungssysteme (GZS GZS Gospodarska Zbornica Slovenije GZS Gesellschaft Fuer Zahlungssysteme (German credit card processor) ), Henkel, Hewlett Packard, Hoechst, Siemens, Start-Holding, Techniker Krankenkasse, WMF and many others. Cybernet AG is a leading business Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. that offers quality Internet access and Internet business solutions throughout Germany. Corporate customers can access Cybernet's network of 112 German locations through leased lines and at 61 locations through an analog modem and ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. dial-up. Cybernet's products and services include system integration, consulting, training, implementation of security firewalls, Java application development tools, and electronic commerce products. Shares of Cybernet Inc. are currently traded at the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. (ZNET) and at the Berlin and Munich stock exchanges (WKN:906623). CONTACT: Cybernet AG Andreas Eder or Roland Manger, Tele: ++ 49-89-99315-0 pr@cybernet-ag.net http://www.cybernetag.net |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion