Rare Medium Group Inc. Acquires Notus Communications, Inc.ABusiness-to-Business Unified Messaging Company
NEW YORK, Jan. 11 /PRNewswire/ -- Rare Ventures, the investment arm of Rare Medium Group Inc. (Nasdaq: RRRR), announced today it has completed the acquisition of Notus Communications, Inc. (www.NotusNow.com), a privately held Internet communications company that has developed a business-to-business Internet Unified Messaging technology solution. This acquisition by Rare Medium Group Inc. continues the company's commitment to building a multi- dimensional business-to-business Internet Telephony Group within the Rare Medium Group portfolio. This is Rare Medium's sixth incubator company. The terms of the transaction were not disclosed.
"The goal of our venture group is to develop synergies within specific verticals or market spaces. Our Internet telephony portfolio is a perfect illustration of how we can create a value chain in one such market," said Joshua Glantz, director of corporate development, who manages Rare Medium Group's Internet telephony investments.
"The addition of Notus Communications greatly increases Rare Medium's ability to extend its technology expertise in the area of Internet telephony. NotusNow.com, along with iFace.com, deltathree.com, speak4free.com and Quicknet.net, form the basis of a very powerful Internet telephony offering at Rare Medium. We are very proud to have Notus Communications on board and look forward to having a big impact on its continued success," said Glenn S. Meyers, president and chief executive officer of Rare Medium Group.
Commenting on the acquisition, Ian Willoughby, CEO and co-founder of Notus Communications said, "As part of Rare Medium Group, Notus Communications, Inc. will reap immediate benefits from synergies with other RMG affiliated companies. We also decided to partner with Rare Medium Group because we found their vision of the Internet telephony industry to be right on target and they are extremely focused and dedicated to this segment of the Internet space."
The enhanced messaging service from Notus Communications provides users with their own phone number for voicemail, fax, and e-mail. Users can listen to voicemail messages and view faxes on their computer, listen to e-mail messages over the phone, or forward faxes and voicemail messages to any e-mail account as attachments, all for free. This Unified Messaging product can be easily integrated into Web-based e-mail. Clients can use this to determine which pieces of NotusNow.com's technology will be offered to their customers.
About Notus Communications, Inc.
Notus Communications, Inc., www.NotusNow.com, is a leader in Unified Messaging technology. The company's mission is to provide clients with private label Unified Messaging technology and solutions. Based on patent- pending technology and a pure IP infrastructure, NotusNow.com has been developed to deliver top quality services that it expects will scale to support millions of users worldwide. Notus Communications, Inc. is uniquely positioned to help partners increase revenue and user-base, as well as take advantage of the voice/data convergence revolution. Notus Communications, Inc. was founded in 1997 by R. Christopher Webb and Ian Willoughby and is based in Atlanta, Georgia. The company is a member of The Advanced Technology Development Center, a subsidiary of Georgia Tech's Economic Development Institute that serves as a catalyst in accelerating the formation and growth of technology-based companies in Georgia.
About Rare Medium Group Inc.
Rare Medium Group Inc., through its wholly-owned subsidiary, Rare Medium Inc., www.raremedium.com, provides Internet solutions and E-commerce strategies that improve business processes and develop branding strategies, marketing communications and interactive content. Customers include large and medium-sized companies in the financial, automotive, consumer service, retail, technology|Internet companies by investing capital and leveraging its Internet development and solutions expertise. Currently, Rare owns six incubator companies and has 16 venture investments. The company is headquartered in New York City and with its subsidiaries employs more than 700 Internet professionals in its 12 offices throughout the United States, Canada and abroad. More information about Rare Medium Group Inc. and companies currently in development is available at www.raremediumgroup.com.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Rare Medium Group Inc., and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Rare Medium's limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the SEC.
SOURCE Rare Medium Group Inc.
CO: Rare Medium Group Inc.; Rare Ventures; Notus Communications, Inc.
ST: New York, Georgia
IN: MLM
SU: TNM
01/11/2000 08:30 EST prnewswire.com |
