74:, Globix bought an eight-story building in New York City to serve as a data center, which was announced at Internet World 2000 by Bell, who cited "tremendous demand for our managed Internet Data Center services". The company already had nearly 300,000 square feet of data center space, and planned four additional centers. The company completed a $ 600 million bond offering in 2001 to fund further expansion.
81:; its market capitalization had fallen from almost $ 1 billion in 1999 to $ 5.87 million. Globix emerged from Chapter 11 bankruptcy in April 2002, with creditors receiving $ 120 million in notes in exchange for the $ 600 million in bonds they held. In October 2003 Globix sold its New York City data center to fund operations and retire some of its debt.
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focused on Web-based applications. In July 2004, Globix announced it intended to merge with NEON Communications, Inc., a provider of optical networking to carriers and large companies in the US Northeast and mid-Atlantic, and the deal closed in March 2005. For the fiscal year ending
September 30,
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By June 1998 the company offered "dedicated
Internet access, Web Hosting, Co-location, network and systems integration, interactive media development (including 2-D and 3-D animation) and instructor-led corporate training" and changed its name to Globix Corporation.
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In late 2005 and 2006 Globix restructured and paid down debt by selling off assets, including its New York city headquarters, a UK subsidiary, and its hosting business, the latter of which it sold to
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As the dot-com bubble burst, in August 2001 the company hired a new CEO and in
January 2002, Globix filed for
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is a company that provided internet infrastructure and network services; it went bankrupt following the
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In the mid-1990s the company expanded into
Internet products and services and completed an
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2004, Globix reported a net loss of $ 41.4 million and had $ 95.8 million in debt.
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Globix
Selling its US Hosting Business to Quality Technology Services for $ 20
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announced it intended to acquire NEON and the deal closed in
November 2007.
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In
February 2007 Globix changed its name to NEON Communications Group, Inc.
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RCN To
Acquire NEON Communications Group For Up To $ 5.25 Per Share
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Globix
Corporation was founded in 1989 as Bell Technology Group, a
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Bell
Technology Group Announces Name Change to Globix Corporation
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Technology Briefing | Internet: Globix Plans To Seek Protection
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Globix Corporation Becomes NEON Communications Group, Inc.
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Rich Miller for the CarrierHotels News October 21, 2003
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News wire, Channel Partners Online. November 13, 2007.
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Patrick Barnard for Mobility Techzone October 3, 2006
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Staff, The Wall Street Transcript. September 2, 2002
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News wire. Channelpartnersonline.com March 8, 2005.
84:In November 2003 Globix acquired Aptegrity Inc., a
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143:Equity and Convertible Offerings for This Week
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210:Globix Reorganizes To Emerge From Bankruptcy
56:served as CEO from its founding until 2001.
283:News wires. Datacentres.com June 25, 2007
222:Globix Completes Acquisition of Aptegrity
220:Globix Press Release. November 5, 2003
196:Staff, New York Times. January 15, 2002
141:Staff, New York Times. January 22, 1996
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271:NEON Press Release. February 28, 2007
208:Globix Press Release. April 10, 2002.
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249:Globix and NEON Communications Merge
153:Globix Press Release. June 1, 1998
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232:Om Malik for Gigaom July 19, 2004
179:Globix Sells Manhattan Data Center
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315:Companies based in New York City
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36:, recovered, and was bought by
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131:CEO Interview: Peter Stevenson
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94:Quality Technology Services
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160:October 30, 2014, at the
86:managed services provider
297:RCN Wraps up NEON Merger
234:Globix merges with NEON
52:reseller of computers;
184:March 3, 2016, at the
79:Chapter 11 bankruptcy
30:Globix Corporation
63:in January 1996.
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104:RCN Corporation
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102:In June 2007
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70:During the
50:value-added
110:References
54:Marc Bell
40:in 2007.
309:Category
182:Archived
158:Archived
44:History
18:Globix
61:IPO
311::
240:^
168:^
118:^
96:.
20:)
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