Verado Sells Dial-Up Business
Earthlink buys subscriber base

April 18, 2001 -- Managed hosting provider Verado has sold its FirstWorld Internet Services dial-up subscriber base to EarthLink, the two companies announced today. Neither company released the terms of the sale.
The deal represents another step in Verado's strategy to sell off its non-core assets in order to focus on its Web hosting and managed services business. Verado operates nine data centers across the Western United States.
Verado, formerly known as First World, said its dial-up subscriber base grew substantially during the past two years, and is centered primarily in Colorado, California, Oregon, Washington and Texas.
Two weeks ago, Verado announced it had terminated money-losing contracts to provide Internet services to the city of Anaheim, Calif.
Atlanta-based EarthLink has 4.7 million subscribers, and has grown rapidly thorugh acquisitions that have given it 6,500 dial-up points of presence around the country.
Denver-based Verado is a provider of outsourced data center and managed service solutions for businesses. It currently operates data centers in Denver, Dallas, Houston, Portland, Santa Clara, Irvine, San Diego, Glendale and Salt Lake City.