CenterBeam sale 'exciting news,' says CEO
EarthLink Inc. has agreement to acquire IT company with 140 employees in Saint John
Some IT workers in Saint John are wondering what their future holds after Monday's announcement that CenterBeam Inc. is switching hands.
EarthLink Inc. has an agreement to acquire CenterBeam for $22 million. The transaction is expected to close early in the third quarter, according to a release.
The president and CEO of CenterBeam, Kevin Francis, says it's "exciting news" for the company's 140 employees and the city.
"It represents an opportunity for continued expansion and growth," Francis told CBC News.
"EarthLink is a billion dollar-organization with very aggressive growth plans and that means we will be adding additional personnel in the coming months and years," he said.
"We're absolutely delighted and it's fitting it's coming on the 10th anniversary since we opened our doors in December of 2003."
CenterBeam, which is headquartered in Sunnyvale, CA, provides remote managed IT services, primarily to multi-location mid-sized businesses in 49 countries.
The Saint John office, located at CenterBeam Place on King Street, provides help desk services, desktop technical support and applications support services.
EarthLink is a leading IT services and communications provider.
Together, they will provide an enhanced set of services that will be "top notch" in the industry, said Francis.
EarthLink chairman and CEO Rolla Huff agrees. "The acquisition of CenterBeam will fast track our IT services product development by providing us with critical scale and complementary product capabilities geared towards our multi-location business target market," he said in a statement.
"CenterBeam's advanced set of products, tools and processes will enable us to quickly bring a robust set of remote managed IT services and collaboration services to market."
Francis said he and Huff will meet with the Saint John employees on Friday.
The deal has been in the works for about three months, Francis said.