Firefly acquires NetAngels for $10 mil

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Intelligent agent company Firefly Network acquired competitor NetAngels for an estimated $10 million. About 20 NetAngels employees were let go; only a few moved to Firefly, said a spokeswoman for the company. NetAngels founder Mark Goldstein is pursuing other opportunities. Firefly declined to comment on the acquisition, but a spokesman said: "We're finalizing a number of things right now relating to the next stage of Firefly Network's business."

Copyright January 1997, Crain Communications Inc.

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