Lightower Fiber Networks, a Boxborough, Mass.-based metro fiber network and bandwidth service provider, has acquired Veroxity Holdings Inc., a Bedford, Mass.-based provider of mission critical optical data networks. No financial terms were disclosed. Lightower Fiber has raised nearly $60 million from M/C Venture Partners, Pamlico Capital and Wachovia Capital Associates. Veroxity had raised money from Banc of America Capital Investors.
Lightower Fiber Networks, a leading metro fiber network and bandwidth service provider based in Boxborough, MA., announced today that it is acquiring Veroxity Technology Partners, a leading provider of fiber based data and Internet connectivity solutions headquartered in Westford, MA.
With the acquisition of Veroxity, Lightower expands its fiber footprint and customer base in the high-demand Boston metro market, increases its network facilities throughout New England and New York City, and adds a national long haul network connecting major cities across the U.S. The Veroxity network will add over 2,000 network route miles to Lightower’s current 4,500 network route miles and will also increase Lightower’s fiber connectivity into major data centers and key commercial buildings throughout the region.
“Over the past two years, Lightower has experienced phenomenal demand for its networking solutions throughout the Northeast and especially in the greater Boston area. Combining these two great companies, their networks, and their expert staffs enhances Lightower’s leadership position in the region,” said Lightower CEO Rob Shanahan.
“Both Lightower and Veroxity share a common culture and passion for delivering high quality solutions for our customers,” said Eric Sandman, CEO of Veroxity. “Our joined forces will continue to deliver on our commitment to provide a personalized approach and excellent service to the growing number of businesses and organizations who rely on high bandwidth connectivity as a cornerstone of their productivity.”
Stronger Network, More Local Access, Long-Haul Services
The merger of the two networks supports Lightower’s mission of owning and operating a dense, next-generation fiber network that provides a complete portfolio of high-bandwidth services utilizing end-to-end fiber connectivity. The combined network also significantly increases Lightower’s last-mile fiber access into buildings in downtown Boston, the greater Boston area, and other regions of the combined network footprint.
Lightower’s current network is comprised of over 4,500 route miles of fiber throughout Massachusetts, New Hampshire, Rhode Island, Connecticut, New Jersey, and New York including New York City. The Veroxity network includes 2,000 route miles of fiber throughout Massachusetts, Rhode Island, Connecticut and New York.
All Lightower customers will benefit from the addition of Veroxity’s long haul services to markets including Chicago, Washington, D.C., Atlanta, Denver, Phoenix, Los Angeles, San Francisco, San Diego, and Sacramento.
Lightower currently offers solutions comprised of Ethernet, dark fiber, WDM wavelengths, Internet access, SONET, and collocation services. Veroxity offers solutions comprised of Ethernet, WDM wavelengths, Internet access, and SONET.
Terms of the deal were not disclosed. The transaction is subject to regulatory approval and is expected to close in Q3 2010.
Lightower Fiber Networks is backed by M/C Venture Partners and Pamlico Capital, which together acquired the company in 2007. In 2008, Lightower acquired DataNet Communications and Keyspan Communications. Veroxity Technology Partners is backed by BAML Capital Partners.
About Lightower Fiber Networks
Lightower Fiber Networks is a leading fiber network and broadband service provider in the Northeast, offering over 4,500 fiber route miles coupled with comprehensive transport and alternative access services. Lightower Fiber’s geographic footprint extends from New England, to eastern New York State, northern New Jersey, Long Island, and New York City. With over 1,800 on-net buildings, Lightower offers unparalleled regional density, performance, scalability, security, and reliability in the Northeast. Lightower Fiber is headquartered in Boxborough, MA. For more information, visit www.lightower.com or call 888-LT-FIBER.
About Veroxity Technology Partners
Veroxity delivers simplified data and Internet connectivity solutions with a streamlined process from start to finish. With a robust fiber optic network and a diverse, dual-POP architecture, Veroxity takes a customized approach to data communications, connecting you directly with networking experts who develop, implement and support your solution. Veroxity provides one point of contact for all of your data network solutions. Veroxity Technology Partners is headquartered in Bedford, MA. For more information, please visit www.veroxity.com or call us at (617) 848-3000.