Lightower Fiber Networks to acquire Veroxity Technology Partners

MAY 25, 2010 -- Lightower Fiber Networks, a metro fiber network and bandwidth service provider based in Boxborough, MA., has announced acquiring Veroxity Technology Partners, a provider of fiber-based data and Internet connectivity headquartered in Westford, MA.

Terms of the deal were not disclosed. The transaction is subject to regulatory approval and is expected to close in Q3 2010.

With the acquisition of Veroxity, Lightower expands its fiber footprint and customer base in the Boston metro market, increases its network facilities throughout New England and New York City, and adds a national long-haul network connecting major cities across the U.S. 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 currently offers Ethernet, dark fiber, WDM wavelengths, Internet access, SONET, and collocation services. Veroxity offers Ethernet, WDM wavelengths, Internet access, and SONET.