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Alphameric acquires software rights from Servonet I.T.

TELECOMWORLDWIRE-6 September 2000-Alphameric acquires software rights from Servonet I.T. (C)1994-2000 M2 COMMUNICATIONS LTD

IT group Alphameric Plc has acquired the worldwide rights to software that enables the provision of mass-market public access to the Internet from Servonet I.T. Ltd.

Following the acquisition Alphameric now intends to roll out hundreds of public access Internet terminals in Europe with further expansion planned for later this year.

The terminals will enable users to send and receive e-mails, visit accredited web sites, conduct online transactions and play games. Alphameric will generate revenue through renting the terminals to such places as pubs, bookmakers, retail outlets hotel chains.

Financial terms of the acquisition were not disclosed.

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Title Annotation:Company Business and Marketing
Comment:Alphameric acquires software rights from Servonet I.T.(Company Business and Marketing)
Article Type:Brief Article
Geographic Code:4EUUK
Date:Sep 6, 2000
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