ZenFi Networks and Cross River Fiber have closed the merger they announced this past April (see "NY/NJ fiber network service providers ZenFi Networks, Cross River Fiber to merge"). The combined company, which will operate under the Zenfi Networks name, will continue to focus on providing fiber-optic network services to enterprise, carrier, and wireless operator customers in the New York/New Jersey metro region. Terms of the deal remain undisclosed.
The new ZenFi will operate a regional fiber-optic network of 700 route miles that connects 119 on-net buildings and 47 colocation facilities. The company also has nearly 6000 outdoor wireless locations under contract and owns three special purpose tower sites that serve the high-frequency trading industry. The combined management team includes Ray LaChance, CEO; Vincenzo Clemente (former CEO of Cross River Fiber), president and COO; Victoria Lamberth, chief revenue officer; Michael Brescio, CFO; and Rob Sokota, chief administration officer.
"We celebrate a new milestone as we formally merge two of the region’s most highly regarded communication infrastructure providers into one agile, innovative organization dedicated to delivering solutions to clients more efficiently,” comments Ray LaChance, CEO of ZenFi Networks. “This transaction enhances our network reach, deepens our product portfolio, and delivers a premier regional communications network infrastructure that is the foundation for 5G network deployments and tomorrow’s evolving network technology needs.”
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