Dateline: Mon, 16 Jul 2007
freeNewsArticles Story Summary: “COSTA MESA, Calif. – July 16 (SEND2PRESS NEWSWIRE) — Wholesale network infrastructure provider BandCon announced today that it has acquired AM6 Networks, Incorporated, a California-based provider of optical network communications services. BandCon financed the $7.5 million acquisition with stock. Transaction triples BandCon presence in key metro locations nationwide.”
A R T I C L E:
Transaction triples BandCon presence in key metro locations nationwide
COSTA MESA, Calif. – July 16 (SEND2PRESS NEWSWIRE) — Wholesale network infrastructure provider BandCon announced today that it has acquired AM6 Networks, Incorporated, a California-based provider of optical network communications services. BandCon financed the $7.5 million acquisition with stock.
The companies enjoyed an existing relationship as both partners in the IP transport arena and competitors in the collocation space. AM6 will assume the BandCon moniker and will be absorbed into BandCon operations by mid-August. Once complete, the full integration of the AM6 network into the BandCon backbone will nearly triple the size of BandCon’s footprint in the United States.With annual revenue of over $5 million, AM6 Networks owns, operates and maintains a core network designed to support next generation services such as VoIP and multimedia prioritization. The majority of AM6 revenue is derived from customers in the content delivery networking (CDN) space, the largest of whom are Akamai and Panther Express.
“The acquisition of AM6 is consistent with BandCon’s long-term market strategy of building on our core capabilities as a CDN provider,” said Ari Benowitz, chief executive officer of BandCon. “We believe the addition of AM6 will not only expand our presence nationwide, but will also augment our existing staff with a number of very talented individuals covering the full spectrum of technical expertise required to strengthen our commitment to premium customer service.”
“AM6 brings a strong track record of delivering colocation, data and managed network services to BandCon,” said Adam LaFountain, chief executive officer of AM6. “We look forward to building on our success in these areas and as a part of BandCon, as we are better positioned to make our clients successful.”
About BandCon
BandCon is the content delivery network provider for large Internet-based content owners. The firm specializes in developing custom network solutions for IP transit, transport, content delivery networking (CDN), peering, collocation/power, and managed services that are unmatched in terms of flexibility and scalability.
BandCon’s 10 Gbps backbone provides rich content delivery capability throughout North America. The firm’s signature Content Delivery System enables BandCon to deliver a full suite of services to customers at any stage of the growth cycle, from startup through maturity. Customers include MySpace, Internap, Revver, Vonage, Nine Systems and Skype.
The company’s Web address is www.bandcon.com.
All trademarks acknowledged.
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Copyright © 2007 by Bandwidth Consulting, Inc. and Send2Press® Newswire, a service of Neotrope® – all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.
• Story Title: BandCon Acquires AM6 Networks
• REFERENCE KEYWORDS/TERMS: Bandwidth Consulting Inc, , , BandCon content delivery network, Mergers and Acquisitions, , , .
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