Verio Strengthens East Coast Presence

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.


“We’re extremely pleased to welcome the new-york.net team and its blue-chip
customers to Verio. Now their customers will have the best of both worlds
— a full-service Internet provider with a tier one network and the local,
hands-on personalized service they’ve come to rely on,” he said.


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.


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