Level 3 Sells Software Subsidiary For $287M

Level 3 Sells Software Subsidiary For $287M

Broomfield, Colorado-based Level 3 Communications said Thursday that is is selling its Software Spectrum subsidiary to Arizona-based Insight Enterprises, a provider of information technology products and services. The deal is worth $287 million in cash. Software Spectrum resells business software to large and medium-sized businesses. Level 3 said that the sale would increase it's ability to pursue opportunities more central to the firm's communications business. Insight sells computers to small and medium sized businesses.
posted on Thursday, July 20, 2006

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