June 6, 2000
UltraLink, a Costa Mesa provider of health plan management services, said Monday that it will merge with an El Segundo provider of Web-based employee benefits. Financial terms were not disclosed. The merger of UltraLink and IBenefits Inc. is designed to expand Web-based tools to UltraLink's larger clients and to give health plan performance management to IBenefits' small- and mid-size companies. No loss of employees is expected at either company as a result of the merger.
May 19, 2000
* Kelvin Duckett has been named chief executive and president of MDS Inc., a Los Angeles-based producer of Web-based video. Duckett has been a founder and executive of several post-production companies, including 525 Post. * U.S. Bank, the Minneapolis-based financial services company that is moving into the Southern California market, has named Lori Bell a manager of the bank's business development in Los Angeles, Orange County and San Diego.