SBC Investment in InQuent

On July 7, 2000, Texas-based SBC Communications Inc. (SBC) invested over US$115 million to acquire a controlling interest in Toronto-based InQuent Technologies Inc. (formerly, WebHosting.Com Inc.). The investment will enable SBC to integrate its hosting services with its network security services, monitoring capabilities and e-commerce platforms to provide customers with complete e-business solutions. SBC will use its web hosting capabilities, through InQuent, to support the rollout of a series of application service provider and applications hosting offerings.

Tom Giltner, in-house senior counsel for SBC, called on Torys to assist in the transaction. The Torys team included Beth DeMerchant, Karrin Powys-Lybbe, Hugh O’Reilly, Steve Richardson and Laurie LaPalme, Theresa Gregoire in Toronto, and Bob Ouimette and Carol Divine in New York.

InQuent’s Vice-President Legal & Business Affairs, Wayne Bigby, was assisted in the transaction by the Toronto office of Blake, Cassels & Graydon LLP. The Blakes team included Sheldon Burshtein, Frank Guarascio, Frank Arnone, Peter Lee, Marcia Cooper, Anoop Dogra, Cheryl Wolff and Joyce McGuiney. Advice to a significant shareholder of InQuent was provided by Donahue Ernst & Young. The Donahue team included Jane Kirby Donahue and Mark Ellis.


Frank D. Guarascio Peter Lee Mark V. Ellis Hugh M.B. O'Reilly Sheldon Burshtein Marcia Cooper Frank P. Arnone Anoop Dogra Carol Divine Theresa Gregoire Laurie C. LaPalme Jane Kirby Donahue Karrin A. Powys-Lybbe