AT&T to Buy Interwise
The transaction, which is expected to close in the fourth quarter, strategically aligns Interwise’s innovative IP-based conferencing and collaboration solution with AT&T’s enterprise networking, communications and collaboration services, global MPLS-based IP network and its industry-leading conferencing portfolio of services.
Following the acquisition, the company will operate as a business unit within AT&T Global Business Services, which serves the largest enterprises around the world and is led by Group President Ronald E. Spears. AT&T expects to retain Interwise’s management team and its domestic and international operations, including its R&D center in Israel.
“The addition of Interwise’s technology and expertise in conferencing to AT&T’s global reach, networking and conferencing capabilities will broaden and enhance the range of solutions for our enterprise customers who are making the transition to IP networking,” said Spears.
AT&T Inc. (NYSE: T)