M&A Deal Summary

TPx Communications Acquires NextWeb

On December 23, 2010, TPx Communications acquired internet software and services company NextWeb from Covad Communications Group

Acquisition Highlights
  • This is TPx Communications’ 1st transaction in the Internet Software and Services sector.
  • This is TPx Communications’ 3rd transaction in the United States.
  • This is TPx Communications’ 1st transaction in Washington.

M&A Deal Summary
Date 2010-12-23
Target NextWeb
Sector Internet Software and Services
Buyer(s) TPx Communications
Sellers(s) Covad Communications Group
Deal Type Divestiture

Target

NextWeb

Seattle, Washington, United States
NextWeb, Inc. (dba Covad Wireless) delivers business-class broadband service to small and medium-sized businesses at speeds up to 100 megabits per second (Mbps), complementing Covad’s existing portfolio of data solutions.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TPx Communications

Austin, Texas, United States
Category Company
Founded 1998
Sector Communications
DESCRIPTION
TelePacific's office in San Jose, California.
TelePacific's office in San Jose, California.

TPx Communications is a provider of UCaaS, Managed IT services and Managed Connectivity services, with approximately 30,000 customers and 53,000 customer locations across the U.S. TPx local exchange carrier that delivers local, long-distance, broadband Internet, web hosting, co-location, cloud-based and data transport services to business customers in California, Nevada and Texas. TPx Communications was established in 1998 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 6
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 1
State (Washington) 1 of 2
Country (United States) 3 of 6
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Arrival Communications

Bakersfield, California, United States

Arrival is a profitable facilities-based competitive local exchange carrier, offering a full array of integrated communications services to business customers. Arrival targets business customers in underserved markets throughout Central California, a fast-growing region characterized by a large concentration of small and medium-sized enterprises.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-05 Telekenex

Seattle, Washington, United States

Telekenex is a IP service provider with a private international network, cloud based solutions, hosted VoIP, call center, MPLS, managed ethernet, and security.

Buy -

Seller(S) 1

SELLER

Covad Communications Group

San Jose, California, United States
Category Company
Founded 1997
Sector Communications
Employees775
DESCRIPTION

Covad provides a wide range of access and hub aggregation services, including Ethernet, T1, and DSL. Covad manages a robust, next-generation IP/MPLS network that efficiently delivers integrated voice, video, and data solutions. Covad broadband services are currently available in 45 states and 240 major metropolitan areas, and can be purchased by approximately 11 million businesses, representing over 60 percent of all U.S. businesses.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-21 NextWeb

Seattle, Washington, United States

NextWeb, Inc. (dba Covad Wireless) delivers business-class broadband service to small and medium-sized businesses at speeds up to 100 megabits per second (Mbps), complementing Covad’s existing portfolio of data solutions.

Buy $25M
Mergr

Product

Company

Legal