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Enterprise Linux Today: EBIZ Enterprises Completes Acquisition of JBSi

Jan 04, 2001, 21:29 (0 Talkback[s])

"EBIZ Enterprises Inc., the country's largest vendor-neutral Linux solutions builder, has announced the completion of the JBSi (Jones Business Systems Inc.) acquisition announced in mid-November. Houston-based JBSi is now 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."

"The acquisition significantly expands and fortifies EBIZ's leadership in the Linux industry with combined annual revenue approaching $50 million," said EBIZ Chief Executive Officer Dave Shaw."

"The new company will greatly enhance the movement of the UNIX VARs (value added resellers) and users to the Linux Operating System. JBSi's state of the art facility and infrastructure ensures that EBIZ will maintain the rapid growth of specialized servers."

Press Release