Other news
📅 - Cogent Announces Plan To Buy Key U.S. Assets of PSINet - Cogent Communications Group, Inc. (http://www.cogent.com), a Tier One, next-generation optical Internet Service Provider announced today that it has entered into a definitive agreement to purchase the major U.S. operating assets of PSINet. PSINet (http://www.psinet.com), a provider of Internet access, web-hosting and related services, is looking to sell portions of its U.S. customer base and network, certain equipment, and three hosting centers to Cogent Communications. The agreement is subject to a number of conditions, including approval by the U.S. Bankruptcy Court of certain bidding and auction procedures, and approval of the sale itself. Dresdner Kleinwort Wasserstein, Inc. ...
📅 - Sprint Selected by WeatherBug for Hosting - Sprint (http://www.sprintesolutions.com) announced today that AWS Convergence Technologies, Inc. (http://www.aws.com), which owns and operates a global weather network as well as the online WeatherBug service (http://www.weatherbug.com), has selected Sprint to provide Web hosting for its line of online services. Sprint has completed the move of AWS servers to Sprint's Reston, Va. IDC, providing co-location, monitoring and Internet connectivity services to AWS to meet its current needs and future anticipated growth. Usage of AWS' WeatherBug.com, one of the Top 50 U.S. Web sites according to Jupiter Media Metrix's Jan. 2002 Web report, grew 600 percent in 2001 and the company currently boasts more ...
📅 - Path 1 Allies with Science Applications International Corporation To Target Video IP Market - Path 1 Network Technologies Inc. (http://www.path1.net) today announced that it has formed a partnership with Science Applications International Corporation (SAIC), the nation's largest employee-owned research and engineering company. With SAIC (http://www.saic.com), Path 1 will create and deploy Internet Protocol (IP) networks capable of delivering real-time, broadcast quality video distribution in addition to regular IP traffic. The alliance will target broadcasters, governments, schools, and universities, in the U.S. and Canada that are designing or installing networks that include broadcast video capabilities. ?SAIC's alliance with Path 1 will enable us to ...
📅 - Myrient and American Multiplexer to Offer Satellite-Based Broadband - Myrient (http://www.myrient.com), an outsourced IT solutions provider, announced yesterday the creation of a strategic partnership with American Multiplexer (http://www.amux.com), a digital service provider that delivers multicast content distribution. As part of the collaboration, the companies will integrate American Multiplexer's satellite-based IP network into Myrient's disaster recovery suite of solutions and market them to a wide range of customers. "By incorporating Myrient's real-time data synchronization solutions with American Multiplexer's satellite-based broadband IP multicast network, we can offer mission-critical broadband disaster recovery solutions to small and mid-sized ...
📅 - Yankee Group Sees Opportunities for Regional Fiber Networks - While the national fiber-optic carriers are struggling, regional carriers, especially those serving Tier 2 and Tier 3 markets, are going strong, according to Yankee Group (http://www.yankeegroup.com) research. Regional carriers include Dominion Telecom of Richmond, Virginia, Progress Telecom of St. Petersburg, Florida, and Norlight Telecom of Brookfield, Wisconsin. All three are well-positioned to capture pent-up demand, the research firm said. Dominion Telecom, for example, builds dense networks using compact rings to bring Tier 1 city-grade service to smaller metro areas east of the Mississippi River. Unlike the national carriers that concentrated on connecting the ...
📅 - The webhost industry: week review - Industry dealmakers seemed to be out in full force this week, with several companies announcing key agreements and alliances. The M&A side of things were fairly quiet but also very steady this week. Perhaps the noisiest announcement of the week was that ISP and hosting firm XO Communications said Thursday it had completed the sale of its European ISP business. Terms of the deal were not disclosed, although XO did say it took a $320.1 million charge in the fourth quarter to reflect the cost of exiting the business. Also on Thursday, managed services firm Loudcloud announced that it had signed an agreement to acquire Frontera Corporation, a privately held managed ...