NewPace Tech Bought by NewNet
Bedford-based NewPace Technology Development Inc. has been bought by NewNet Communications Technologies of Arlington Heights, Ill., greatly expanding the sales power of the mobile technology developer.
NewPace, which is headed by founder and CEO Brent Newsome, will become a subsidiary of the NewNet messaging division, based in Amsterdam. The company will change its name to NewNet Canada, and Newsome will become a vice-president of NewNet Communications and general manager of the Canadian operation. NewNet, which is a portfolio company of Los Angeles private equity firm Skyview Capital,