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Futurelink Corp

BUSINESS
February 5, 2000 | From Bloomberg News
FutureLink Corp., continuing its strategy of expanding through acquisitions, said Friday that it agreed to buy closely held Charon Systems Inc. in Canada for $31.4 million in cash and stock. It would be the Irvine company's seventh acquisition or planned purchase in recent months. Earlier this week, FutureLink, which performs computing services for businesses through the Internet, agreed to acquire New York-based Madison Technology Group for $57.
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BUSINESS
February 3, 2000 | From Times staff and wire reports
FutureLink Corp., which performs computing services for businesses through the Internet, continued its buying spree Wednesday, agreeing to acquire Madison Technology Group for $57.5 million in cash, stock and notes to expand into the northeastern U.S. Over the last six months, Irvine-based FutureLink has bought five providers of Citrix Systems software, which modifies applications so they can be used over the Internet, cell phones, personal digital assistants such as 3Com Corp.'
BUSINESS
February 2, 2000
FutureLink Corp., an Irvine provider of computer-application hosting services to businesses, said Tuesday that it completed its acquisition of closely held VSI Technology Solutions for $26.5 million in cash and stock, gaining clients in the mid-Atlantic region. The price consists of $19.5 million in FutureLink stock and $7 million in cash. VSI, based in Beltsville, Md., is a reseller of Citrix Systems Inc.'s application server software, which runs servers and other computers.
BUSINESS
January 14, 2000 | From Times Staff and Wire Reports
FutureLink Corp., an Irvine-based provider of Internet programs for small- and medium-size businesses, is being sued for $110 million by an investment bank that claims it hasn't been paid for its services.
BUSINESS
January 4, 2000
Irvine-based FutureLink Corp., which creates Internet-based programs for small- and medium-size businesses, said its stock will begin trading today on the Nasdaq National Market under the symbol FTRL. The stock, which had rocketed last year in over-the-counter trading, closed Monday at $30, up $4 a share. The shares traded as low as $1.30 in April.
BUSINESS
December 23, 1999
FutureLink Corp., an Irvine-based provider of computer-application hosting services to businesses, agreed to acquire privately held KNS Holding Ltd., a British firm that is the largest distributor of Citrix Systems server software outside the United States. The software runs servers and other computers. Financial terms of the transaction were not disclosed. Early this month, FutureLink acquired VSI Technology Solutions, a Beltsville, Md.-based reseller of Citrix server software.
BUSINESS
December 4, 1999 | Bloomberg News
FutureLink Corp., an Irvine-based provider of computer-application hosting services to businesses, agreed to acquire closely held VSI Technology Solutions for $26.5 million in cash and stock, gaining clients in the U.S. mid-Atlantic region. The purchase price includes $19.5 million in FutureLink stock and $7 million in cash. Beltsville, Md.-based VSI is a reseller of Citrix Systems Inc.'s application server software, which runs servers and other computers.
BUSINESS
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.
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