BOCA RATON, Fla. – Host.net, a leading provider of colocation, network transport and transit services, announced today that it has agreed to acquire WV Fiber, a global IP transit and MPLS transport company based in Nashville, Tennessee.
The acquisition combines a top 30 network service provider with a leading provider of managed data and voice services in the Southeast United States.
WV Fiber’s impressive list of clients include top tier cable, regional local exchange carriers, universities, Internet service providers and content providers. WV Fiber’s multi-national IP transit backbone exchanges in excess of 150Gbps and interconnects with an impressive number of settlement free interconnection relationships throughout the United States and Europe.
"The infrastructure and operations of the WV Fiber network that we are acquiring provide a major inflection point for our company," said Jeffrey Davis, Host.net’s Co-Founder & CEO. "The acquisition of the WV Fiber network will provide Host.net with an immediate and significant base of recurring and growing contract revenues in the carrier and wholesale markets.
"This transaction is the perfect opportunity for both companies whose assets, customer base, and highly experienced staff will be instrumental in propelling the organization to new levels," said Tom Turner, Chairman of WV Fiber. "We’re excited to become part of the highly respected Host.net organization.”
"We are thrilled about the impact the acquisition of WV Fiber will have on Host.net,” says Randy Epstein, Host.net’s Co-Founder and Chief Integration Officer.
The transaction is scheduled to close on or before July 10th.
Founded in 1996, Host.net is a national communications and information services company, and is headquartered in Boca Raton, Florida. The company operates a large diverse national fiber-optic based Internet, MPLS and layer 2 backbone, delivered to its customers utilizing a vast number of last-mile options. The company also operates over 16,000 square feet of enterprise-class colocation space in South Florida and provides other vital network services including Disaster Recovery office space, Managed VoIP, and Managed Network Security. To learn more about Host.net, please log on to www.host.net.