View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 24, 2000

Allegiance Telecom Acquires Connectnet

COMPANY PRESS RELEASE: Allegiance Telecom, Inc. today announced that it has acquired CONNECTnet, an Internet Service Provider based in San Diego, California. Terms of the deal were not disclosed.

By CBR Staff Writer

Founded in 1995, CONNECTnet delivers high-speed Internet products and services to small and medium-sized businesses in the San Diego metropolitan area and Orange County, Calif. Its product line includes high-speed connections to the Internet, World Wide Web hosting, DSL connectivity, e-mail and collocation services. With more than 20 employees, CONNECTnet currently provides services to approximately 4,000 small and medium-sized business customers.

The vast potential of the Internet has already had a profound impact on our customers, an effect that will only increase as e-commerce proliferates, said Royce Holland, chairman and CEO of Allegiance Telecom, Inc. CONNECTnet brings an extremely attractive customer base to Allegiance, serving small and medium-sized businesses over dedicated connections. CONNECTnet is also using DSL to deliver Internet services, complementing Allegiance’s own DSL products. Combining CONNECTnet’s service offerings, experience and strategy with ours will better position us to achieve our plan of offering a ‘one-stop shop’ to small and medium-sized businesses, he said.

CONNECTnet has found it to be in the best interests of our customers, employees, and shareholders to join with an industry leader such as Allegiance Telecom, said Tim Sears, chief executive officer of CONNECTnet. The need for us to expand our facilities and geographical coverage lead us to partnering with a company that brings substantial assets to the table. With expertise in both the voice and data side of the business and a robust entrepreneurial tradition, we will be a service leader in this exciting market space.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.