Swisscom Eurospot Acquiring Core Communications
GENEVA, EU, April 13, 2006. Core Communications Corp., a professional services company specializing in data communications and Internet solutions within the hospitality industry, is about to be acquired by Swisscom Eurospot, which provides high-speed Internet-based services to the hospitality industry in Europe.
Once the purchase is complete, Swisscom, based here, will apply Core's expertise to its own portfolio of 2,270 client locations. Furthermore, a new company focusing on conference services will be created out of the acquisition and will be operated as a subsidiary of Swisscom. The new company will combine Core's U.S. operations with Swisscom's current conference services team. David Giannini, the founder and CEO of Core, will become the new entity's CEO.
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