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Short Take: Global TeleMedia buys Data Exchange for $45 million

E-commerce software developer Global TeleMedia International has agreed to acquire Data Exchange for $45 million. The deal is subject to shareholder approval. By acquiring Data Exchange, the company said in a statement that it has "trimmed nearly a year from (its) plans to build a team of industry specialists who not only understand the products and the market, but who also have a wealth of experience," a factor that is important in an industry that places a premium on being early to market.

E-commerce software developer Global TeleMedia International has agreed to acquire Data Exchange for $45 million. The deal is subject to shareholder approval. By acquiring Data Exchange, the company said in a statement that it has "trimmed nearly a year from (its) plans to build a team of industry specialists who not only understand the products and the market, but who also have a wealth of experience," a factor that is important in an industry that places a premium on being early to market.