SOLIMAR.NET BOUGHT BY BASIS 100.LOS ANGELES--BASED SOLIMAR.NET, A BUSiness-to-business e-commerce provider of residential property valuation services, has announced that Toronto-based Basis 100, an Internet-based e-commerce service provider An organization that provides any combination of consulting, software and computer systems for e-commerce Web sites. in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector, has executed a definitive agreement to purchase the company. Under the terms of the deal, Basis 100 will purchase Solimar.Net for $24 million cash on February 8, and Solimar.Net will carry on its existing operations as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Basis 100. Solimar.Net will be a key entry point for Basis 100 to deploy its business-to-business e-commerce solutions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . |
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