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Ladouceur Named CEO of FutureLink

October 20, 1999|Jonathan Gaw

Irvine-based FutureLink Corp. said it has named Philip R. Ladouceur its permanent chief executive.

Ladouceur, 57, has been interim CEO since August, when Cameron Chell, citing personal reasons, resigned after slightly more than a year in office.

Ladouceur is former head of MetroNet Communications Corp., Canada's largest competitive local exchange carrier. It was recently acquired by AT&T Corp. for $3 billion and merged with AT&T Canada. He became chairman of FutureLink in June and retains that title.

The company also said that it had completed its previously announced acquisition of Irvine-based Micro Visions, a software distributor. The deal is valued at $97 million in cash and stock with the possibility of another 1.2 million shares being paid out if certain financial goals are met this year.

FutureLink offers small- and medium-sized businesses computer application hosting services, giving them the ability to rent out Web-based software they might not otherwise be able to afford. FutureLink also offers complete out-sourcing of a company's information technology department.

FutureLink's stock on Tuesday jumped $2.28, or 24%, to close at $11.81 in heavy over-the-counter bulletin board trading.

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