Lightower Acquires Veroxity Technology
Metro fiber provider Lightower Fiber Networks is acquiring Veroxity Technology Partners in a deal that will combine the networks of two Massachusetts connectivity providers, the companies announced today. With the acquisition of Veroxity, Lightower expands its fiber footprint and customer base in the Boston metro market. Terms of the deal were not disclosed.
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.”
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. Lightower currently offers solutions comprised of Ethernet, dark fiber, WDM wavelengths, Internet access, SONET, and collocation services.
Lightower is based in Boxborough, while Veroxity is headquartered in Westford. 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, the private equity arm of Bank of America.