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.