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Wayport Buys ResortWiFi

Wayport Inc., an Austin, Texas-based provider of Internet connectivity solutions to the hospitality market, has acquired ResortWiFi, a provider of wireless services to the timeshare industry and select hotel companies like Fairfield Resorts and Monarch Grand Vacations. No financial terms were disclosed. Wayport has raised around $155 million in VC funding since its 1998, from firms like Sevin Rosen Funds, Advanced Equities, GC Technology Fund, Invesco Private Capital, Lucent Venture Partners, New Enterprise Associates, New Venture Partners, Star Ventures, Sanders Morris Harris, BA Venture Partners and Trellis Partners.