Verio Strengthens East Coast Presence
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Internet provider Verio Inc. is expanding its presence on the East Coast with the purchase of new-york.net, one of New York's largest independent ISPs.
Terms of the purchase were not disclosed.
Thursday's deal marks Verio's third buy of a large independent provider in the New York area over the past year. Earlier this year, Verio acquired New York-based SpaceLab and Long Island's LI Net.
Justin Jaschke, Verio's chief executive officer, said the purchase will add depth to its growing East Coast presence. New-york.net primarily provides dedicated access and has more than 200 customers, including such heavyweights as the National Football League and Carnegie Hall.
The company will soon start operating under the Verio name, but no time frame was given.
Earlier this week, Verio secured $400 million in financing to continue its acquisition strategy.