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By Rich Miller
Carrier Hotels Editor
Posted Feb 3, 2004
During the fourth quarter, Switch and Data added 30 new customers to its interconnection and colocation facilities, bringing its total customer base to 480. The company also said it now has a total of 9,730 interconnections between customers.
"During 2003, Switch and Data grew the business and solidified our leadership in the colocation and interconnection business," said Patricia Higgins, Switch and Data's President and CEO. "We have continued, quarter over quarter, to increase our revenues, while positioning ourselves to broaden our enterprise market presence.
"I am especially pleased with our progress in capturing market share from our competitors," Higgins added. "Our strategy is to grow the business both organically and through acquisitions. I anticipate that we will see great activity on these initiatives during 2004."
Switch and Data recently acquired Philadelphia-area colo provider MeridianTelesis, and bought the PAIX interconnection business for $40 million in a bankruptcy deal last year.
Switch and Data said its fourth quarter accomplishments included establishing a new regional Internet exchange in Philadelphia, and expanding of its MetroPAIX Layer 2 public peering fabric into its San Jose, Calif. facility. It also completed a strategic VoIP peering and facilities partnership with PointOne, and appointed Kathleen Early and Art Matin to its bBoard of Directors.
Switch and Data provides neutral interconnection and colocation services to network centric enterprises and service providers.
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http://www.carrierhotels.com -- Phone: (609) 243-7525
http://www.carrierhotels.com/news/2004/Feb/03/switch_data_70m_in_03_revenue_print.html
Switch & Data: $70M in '03 Revenue
By Rich Miller
Carrier Hotels Editor
Posted Feb 3, 2004
Colocation and interconnection provider Switch and Data today reported revenues for 2003 of $70.2 million, a 75 percent increase from 2002.
During the fourth quarter, Switch and Data added 30 new customers to its interconnection and colocation facilities, bringing its total customer base to 480. The company also said it now has a total of 9,730 interconnections between customers. "During 2003, Switch and Data grew the business and solidified our leadership in the colocation and interconnection business," said Patricia Higgins, Switch and Data's President and CEO. "We have continued, quarter over quarter, to increase our revenues, while positioning ourselves to broaden our enterprise market presence.
"I am especially pleased with our progress in capturing market share from our competitors," Higgins added. "Our strategy is to grow the business both organically and through acquisitions. I anticipate that we will see great activity on these initiatives during 2004."
Switch and Data recently acquired Philadelphia-area colo provider MeridianTelesis, and bought the PAIX interconnection business for $40 million in a bankruptcy deal last year.
Switch and Data said its fourth quarter accomplishments included establishing a new regional Internet exchange in Philadelphia, and expanding of its MetroPAIX Layer 2 public peering fabric into its San Jose, Calif. facility. It also completed a strategic VoIP peering and facilities partnership with PointOne, and appointed Kathleen Early and Art Matin to its bBoard of Directors.
Switch and Data provides neutral interconnection and colocation services to network centric enterprises and service providers.
http://www.carrierhotels.com -- Phone: (609) 243-7525