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BtoB

VerticalNet completes acquisitions of 2 more sites

Published on .

Horsham, Pa.--VerticalNet, a collection of online industry-specific communities, has completed its previously announced acquisitions of TextileWeb, Greensboro, N.C., and GovCon.com, Rockville, Md. The TextileWeb acquisition gives VerticalNet access to the $70 billion textile and apparel industry, while the GovCon.com purchase strengthens VerticalNet's online leverage in the bidding for government contracts. VerticalNet now has 55 vertical Internet communities. Financial details regarding the acquisitions were not disclosed.
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