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21 October 2016
| James Pearce
Cleareon Fiber Networks has acquired metro Ethernet service provider Pangaea Networks for an undisclosed fee.
The New York-based dark fibre provider said increasing
demand for network capacity, speed and security drove Cleareon
to buy Pangaea, which operates metro networks in the New York
and New Jersey region.
Cleareon connects to thousands of large enterprise
buildings, carrier hotels, peering facilities and data centres
in New York, New Jersey and Connecticut. The firm said that the
acquisition expands its facilities, and on-net sites, creating
a complete optical fibre, Ethernet and wavelength offering for
carriers and large enterprise customers.
"We are very excited about how this acquisition fits our
plans for the future and how well the Pangaea team and assets
synergize with Cleareon," said Cleareon co-CEO Cliff Kane.
"Now, in addition to our dark fibre offering, Cleareon is able
to provide Ethernet and wavelength services under our service
"With Pangaea we are in a better position to address
existing demand for access and transport, as well as, nascent
opportunities in cloud, densification and IoT."