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Apr, 2002 : FASTNET Acquires Two Philadelphia-Based ISPs
📅 - FASTNET Corp., an Internet solutions provider, announced today the acquisition of Netaxs, Inc. and Earthstation, collectively be known as Netaxs, Inc. The Philadelphia-based business combination creates one of the largest regional Internet service providers in the country.
This purchase is part of FASTNET's (fast.net -> hostinger.com) strategy to complement organic growth with carefully selected acquisitions. It is the second acquisition completed by FASTNET this year and the fourth in the last thirteen months. The combination with Netaxs is expected to expand network infrastructure through dark fiber and large-scale transit and peering, build brand recognition in the Philadelphia region, and reap benefits of its 30,000 square foot Class A colocation facility in the Philadelphia area. FASTNET will add Netaxs Chief Technology Officer, Avi Freedman, to its Board of Directors. Freedman was responsible for Netaxs' internal system architecture, development services, and the vision of the Company's future technology. ?Netaxs offers a Class A colocation facility in Philadelphia, PA. The facility is state of the art and will allow us to serve the needs of the Philadelphia market, in addition to providing excellent redundancy to the existing FASTNET facility in Bethlehem, PA,? said Stephen Hurly, FASTNET's President and Chief Executive Officer.
Reads: 1789 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/fas040402.cfm
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📅 - FASTNET Corp., an Internet solutions provider, announced today the acquisition of Netaxs, Inc. and Earthstation, collectively be known as Netaxs, Inc. The Philadelphia-based business combination creates one of the largest regional Internet service providers in the country. 
Reads: 1789 | Category: General | Source: TheWHIR : Web Host Industry Reviews