Short Take: Harbinger purchases interest in subsidiary
EDI software vendor Harbinger has completed its purchase of a minority interest in its Harbinger NET Services subsidiary. Harbinger paid roughly $7.2 million for the 30 percent interest formerly held by BellSouth Telecommunications and other minority shareholders. Separately, XcelleNet completed its acquisition of systems integrator Electronic Commerce for $2.68 million in cash and stock. XcelleNet markets remote-access software with advanced system-management capabilities.
EDI software vendor has
completed its purchase of a
minority interest in its Harbinger NET Services subsidiary. Harbinger paid
roughly
$7.2 million for the 30 percent interest formerly held by
BellSouth Telecommunications and other minority shareholders. Separately, XcelleNet completed its acquisition of
systems integrator Electronic Commerce for $2.68 million in cash and stock.
XcelleNet markets remote-access software with advanced system-management
capabilities.