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Tech Industry

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 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.