NetVision Acquires SIT Europe.NetVision NV, the Belgian Belgianhaving some relationship to Belgium. Belgian barge dog see schipperke. Belgian black pied cattle black, Belgian dairy cattle. Belgian blue dual-purpose cattle; blue, white or blue roan. network security software developer, is consolidating its position within the booming European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. market, by agreeing to acquire SIT Europe, a French web security software and services firm. SIT Europe was planning an initial public offering on the Nouveau Marche Nouveau Marche An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. , and is currently valued around 42m euros ($44m) although this may change depending on its financial results. NetVision will finance the acquisition principally through cash, with NetVision shares representing less than 7% of the deal's value. SIT Europe's revenue for the year ending March 31 1999 was $17.8m, more than double that of NetVision. SIT's client list includes Dassault, Alcatel and several French government departments. |
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