FRAMINGHAM (08/14/2000) - E-mail outsourcing giant Critical Path Inc. continued its acquisition streak with last week's purchase of PeerLogic Inc., a directory services firm specializing in security services. The $400 million stock transaction is scheduled to close in the third quarter. Critical Path offers a range of outsourced messaging services, including hosted Microsoft Exchange, Web mail, integrated fax and security services. PeerLogic is the ninth company that Critical Path has acquired since June 1999 and its second acquisition in the directory arena following the purchase of Isocor in January. Critical Path plans to fully integrate PeerLogic's LiveContent Directory with its own InJoin Directory Server and InJoin Meta-Directory engine to provide a full suite of directory services to large corporations.