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August 01, 2006
We May Be Acquired, Or Not, says Mike Ing PacketExchange COO
“… or we may be doing some acquiring ourselves. At this point, there is nothing on the roadmap,” said Mike Ing COO of the high-speed Internet provider PacketExchange in response to a question about M&A plans from a LightReading TV senior analyst.
Ing said that acquisitions, in either direction, are not part of the plan at the moment, rather it's "growth" that is the focus.
PacketExchange has built an Ethernet-based peering network, that enables it to offer a kind of express lane within the public Internet, for the likes of online gambling providers and gaming hosters, as well as big name customers, such as Google, Yahoo, and MSN.
We have been following PacketExchange for several years now and hear from one of its backers that it’s now doing about $12M a year in sales.
Posted on August 1, 2006 06:38 AM | Posted to Broadband Services | Permalink
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