Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
Discover Business Services, a division of Discover Financial Services Inc., today announced a partnership with Excite@Home to launch DiscoverEstores, a one-stop e-commerce and payment processing solution for merchants. Discover Business Services will market this end-to-end solution to its more than 3.6 million merchant locations to enable them to establish an Internet presence and begin accepting and processing online payments in as little as 24 hours. Based on Excite@Home's store building solution and the Internet payment processing solutions of First Data Corp., DiscoverEstores provides an integrated e-commerce solution for merchants. Components include web design and hosting, e-commerce, consumer-driven traffic and the ability to open a merchant account and process online payments quickly and securely. As part of the DiscoverEstores offering, businesses will have their sites listed with Excite@Home's shopping mall, Excite Stores located at www.excitestores.com, allowing these merchants to take advantage of the millions of page views that Excite Stores generates each month. DiscoverEstores merchants may also qualify to have their sites listed with the Internet ShopCenter located at www.discovercard.com. This shopping gateway is exclusive to Discover Card Merchants, and provides opportunities to direct more than 50 million Discover Cardmembers to special merchant offers.