Sunday, October 24, 2004

Cogent Acquires Aleron, its Sixth Acquisition this Year

Cogent Communications acquired the assets of Aleron Broadband Services, formally known as AGIS Internet, including its customer base and network. Financial terms were not disclosed. As part of Cogent's sixth acquisition of the year, Cogent will retain all 25 Aleron employees nationwide and will relocate Aleron offices from Virginia to Cogent's Georgetown headquarters.

Cogent repor$18 million in cash to be used for a variety of purposes including network expansion, marketing and sales activities in the U.S. and abroad, and the potential acquisition of additional assets. Ken Peterson of Columbia Ventures Corporation will join Cogent's board as a result of the transaction. Further details were not disclosed.

  • In July 2004, Cogent Communications named Reed Harrison as its new President and Chief Operating Officer. Harrison most recently served as AT&T's Senior Vice President - Network Engineering & Operations.