Acquisition augments ExteNet's high-capacity fiber plant in New York, New Jersey and other markets
Chicago, IL /PRNewswire/ - ExteNet Systems, the largest private developer, owner and operator of distributed networks enabling advanced mobile and broadband connectivity across the United States, today announced the completion of its acquisition of Hudson Fiber Network (HFN). Terms of the agreement were not disclosed.
"Businesses require access to a fast, reliable and secure broadband infrastructure, especially as more rely on cloud-hosted applications and services," said Ross Manire, President and CEO, ExteNet Systems. "Besides enhancing our fiber footprint in key markets, Hudson Fiber provides us a blueprint to address the advanced communication needs of enterprises. I am extremely pleased to welcome the Hudson Fiber team and their clients to the ExteNet family. Our people, processes and customer service differentiate us, and I am extremely pleased that this transaction further strengthens our team."
Brett Diamond, CEO, Hudson Fiber Network, added, "The combination of ExteNet and Hudson Fiber ensures a comprehensive set of outdoor, in-building and enterprise connectivity solutions for service providers, property owners and enterprise clients. I am looking forward to joining ExteNet's management team and leveraging their purpose-built fiber network, people and resources to serve our growing customer base better."
Effective immediately, Brett Diamond will report to Ross Manire and lead ExteNet's Optical Network Solutions (ONS) business unit. The ONS business serves enterprises with advanced connectivity solutions including dark fiber, dedicated internet access (DIA), secure private networks and cloud connectivity services.
Q Advisors, a TMT global boutique investment bank, acted as the financial advisor to Hudson Fiber, with Lowenstein Sandler LLP representing them as their legal counsel. Reed Smith LLP represented ExteNet in the transaction.
About ExteNet Systems, Inc.
Lisle, IL-based ExteNet Systems, Inc. designs, builds, owns and operates communications infrastructure solutions, including distributed networks (DNS), for use by its customers across the United States. Customers include service providers and carriers, cities and communities, property owners and managers, and enterprises. Primary solutions include fiber, distributed antenna systems (DAS), remote radio heads (RRH), small cells, Wi-Fi and virtualized Evolved Packet Core (vEPC). ExteNet's outdoor networks are deployed in a variety of urban, suburban and rural environments while indoor networks are typically deployed in property verticals like commercial office buildings, sports and entertainment venues, hotels and convention centers, healthcare facilities and transit systems. For more information, please visit www.extenetsystems.com.
"ExteNet®" is a registered trademark of ExteNet Systems, Inc.
SOURCE: ExteNet Systems, Inc.Copyright 2018 PR Newswire. All Rights Reserved