Enterprise Linux Today: Acquisition To Propel EBIZ To Top Spot In Linux/Unix Server Market
Nov 20, 2000, 22:20 (0 Talkback[s])
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"Definitive Agreement Signed to Acquire JBSi; Creates
Largest Builder of Linux Specialized Servers."
"EBIZ Enterprises Inc., the country's largest vendor-neutral
Linux solutions builder, has announced the planned acquisition of
JBSi (Jones Business Systems, Incorporated) of Houston, Texas. The
announcement was made today by EBIZ CEO Dave Shaw and JBSi
President Bruce Parsons."
"The deal is expected to be completed by the end of this
calendar year and creates one of the largest companies in the Linux
industry with existing annual revenue of approximately $50 million.
Upon completion of the acquisition, JBSi will be a wholly owned
subsidiary of EBIZ Enterprises Inc."
"Under terms of the acquisition, 8.3 million shares of EBIZ
stock will be exchanged for all outstanding capital stock and
equity interests of JBSi."