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McLeodUSA acquires Intelispan

McLeodUSA revealed yesterday that it would purchase Intelispan, a managed network solutions company that specializes in business-to-business communications. McLeodUSA hopes to take advantage of Intelispan’s virtual private network services and products in an effort to strengthen its data product offerings.

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Valued at $40 million, the all-stock acquisition will enable McLeodUSA to offer secure VPNs and other services, including two signature Intelispan products--automated diagnostic tool and one-button dialing--to corporate customers.

Intelispan will become a subsidiary of McLeodUSA. In addition, CEO Lee Provow will take on a senior level management role at McLeodUSA.

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© 2012 Penton Media Inc.

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