Verio Inc, the two-year-old company that has been voraciously acquiring local and regional internet service providers throughout its existence, is finally reigning in its assets to earn some brand recognition. The Englewood, Colorado-based company has consolidated the operations and management at 30 of its ISPs and put them all under the Verio name – signaling its emergence as a national operation. The company says that the consolidation of its area affiliates has made it the largest internet company in some markets, including the Pacific Northwest and Texas. The consolidation also comes at a time when it can help build support for the company’s initial public offering of up to $100m, for which it filed with the Securities and Exchange Commission in February. No date has been set yet for the IPO. Verio now claims to have a presence in 33 of the top 50 US markets and intends to be up and running in all of them eventually. The company says the acquisitions will continue until that goal is met, and all future purchases will immediately brought under the Verio banner. The company boasts 80,000 customers, including 30,000 web-hosting customers, and a high- speed national network. Its annual revenue totals about $90m. Verio primarily targets the small-to-medium business markets.
