DSL.net Pick Up Tycho Networks
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Based in Santa Cruz, Calif., Tycho provides Internet access throughout the central coast of California. DSL.net (DSLN) paid approximately $2.1 million in cash for ISP.
David F. Struwas, DSL.net president and chief executive officer, said the acquisition provides DSL.net with a key presence in the West Coast.
"Tycho's emphasis on small and medium sized businesses fits perfectly into DSL.net's strategy," Struwas said. "This acquisition gives us an immediate presence in the California market and, most importantly, adds a great group of people with exceptional Internet and engineering experience to the DSL.net team."
As a result of the acquisition, DSL.net augments its Internet connectivity by acquiring Tycho's 94 private peering relationships at MAE West, PAIX, and the Pacific Bell Network Access Point.
Based in New Haven, Conn., DSL.net is a data communications and Internet access provider using digital subscriber line technology to offer high-speed Internet access solutions to small businesses. As of September, the company had installed equipment capable of serving DSL access in 52 U.S. cities.