Illinova buys into Arizona energy

Article Abstract:

Illinova Energy Partners of Oak Brook, IL, has acquired Quality Energy Services (QES), a Tempe, AZ-based company that manages a natural gas alliance of as many as 250 companies. The acquisition bolsters Illinova's position in Arizona, which utility deregulation is expected to be completed in 2000. Illinova also inherits QES's customer base, thereby expanding Illinova's mailing list used in direct mailing and telemarketing campaigns conducted on behalf of utilities.

Acquisitions & mergers, Management Consulting Services, Energy Management Consulting, Quality Energy Services

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Convergys completes spin-off, focuses on acquisitions

Article Abstract:

Cincinnati Bell Inc has completed the spin-off of its teleservice subsidiary Convergys Corp of Cincinnati, OH. The company distributed 137 million shares of Convergys common stock to shareholders on Dec 31, 1998. The spinoff would enable Convergys to further integrate the customer expertise of MATRIXX and the billing service focus of CBIS, two former Cincinnati Bell subsidiaries from which Convergys was formed.

Organizational history, Data Processing Services, Telephone Company DP Services, Convergys Corp., Telephone billing services

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