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Arbinet Acquires Flowphonics

Arbinet-thexchange in New Brunswick, an electronic market for trading, routing and settling communications capacity, acquired Flowphonics of Glasglow, ScotlandArbinet-thexchange (Nasdaq: ARBX) in New Brunswick, an electronic market for trading, routing and settling communications capacity, acquired Flowphonics of Glasglow, Scotland. Flowphonics offers clients a system for managing intellectual property rights and digital content. Its Rightsrouter system is a digital marketplace used by the rights owners of music and video to track, distribute, and manage their content over the Internet and wireless services including iTunes, Rhapsody, Napster and Beatport. Financial terms of the acquisition were not disclosed. Shares of Arbinet-thexchange were down 36 cents to $5.86 in morning trading.

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