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Short Take: WavePhore to buy Paracel

Wireless data broadcasting company WavePhore has agreed to purchase Paracel Online Systems, a content filtering software maker, for $9 million. WavePhore will pay Paracel $3 million at closing, $6 million within 180 days, plus future considerations based on performance, the company said.

Wireless data broadcasting company WavePhore has agreed to purchase Paracel Online Systems, a content filtering software maker, for $9 million. WavePhore will pay Paracel $3 million at closing, $6 million within 180 days, plus future considerations based on performance, the company said.