One of Northern Ontario's largest Internet service providers and Web-hosting companies has been purchased by Persona Communications Inc.
Persona will buy all the shares of Cyberbeach-ISYS, a Sudbury-based company with about 8,000 business and residential Internet customers, in a deal that will close Aug. 31. Cyberbeach-ISYS customers will retain their existing e-mail addresses and services.
Persona, a provider of Internet, cable and digital television to rural areas across Canada, has focused on rebuilding its network and building a profitable third-party access model business for the past few years, a spokesperson with Persona says.
The acquisition is expected to provide Persona with more that $2 million in incremental revenue, and the company expects its earnings to increase by about $1.4 million within the first year of the acquisition.