Add-on Acquisition • Internet Software and Services

Sidera Networks Acquires Cross Connect Solutions

On November 22, 2010, Sidera Networks acquired internet software and services company Cross Connect Solutions

Acquisition Context
  • This is Sidera Networks’ 1st transaction in the Internet Software and Services sector.
  • This is Sidera Networks’ 2nd transaction in the United States.
  • This is Sidera Networks’ 1st transaction in Pennsylvania.

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M&A Deal Summary

Date November 22, 2010
Target Cross Connect Solutions
Sector Internet Software and Services
Buyer(s) Sidera Networks
Deal Type Add-on Acquisition

Target Company

Cross Connect Solutions

Philadelphia, Pennsylvania, United States
Cross Connect Solutions, Inc., a Philadelphia-based carrier-neutral colocation provider. It provides disaster recovery, business continuity, SaaS, cloud computing, physical redundancy, and backup solutions.
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Buyer Overview 1

Buyer

Sidera Networks

New York, New York, United States

Category Company
Founded 1994
Sector Communications
DESCRIPTION

Sidera Networks, Inc. is a provider of tailored, high capacity communications services that ensure optimal business performance to carrier and enterprise customers. Sidera Networks offers a comprehensive suite of facilities-based services including: Ethernet, SONET, wavelength, internet access, colocation and more. With a fiber optic network leveraging unique rights-of-way that spans from Maine to Virginia, out to Chicago and up to Toronto, Sidera is committed to delivering cost-effective, custom solutions coupled with superior industry expertise, service and support.


Deal Context for Buyer #
Overall 2 of 2
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 2 of 2
State: Pennsylvania 1 of 1
Country: United States 2 of 2
Year: 2010 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-14 Long Island Fiber Exchange

New York, New York, United States

LIFE is a competitive carrier authorized to provide interstate telecommunications services in New York, including voice, Internet, hosting and collocation services. The company operates a 950-mile fiber network connecting 500 buildings throughout Nassau and Suffolk counties and Manhattan. LIFE Voice is a wholly owned subsidiary of LIFE and does not currently provide any service.

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