A Colorado company said yesterday it has acquired Indiana Fiber Works and plans to diversify its product offerings.
Louisville, Colo.-based Zayo Bandwidth wouldn’t say how much it paid for the Indianapolis company, which was a subsidiary of General Electric Capital Corp.
Indiana Fiber Works sells mostly “dark” fiber-optic service; that is, high-speed data lines not in continual use and dedicated to high-capacity data needs of larger companies. The company connects 21 of Indiana’s largest cities with about 2,200 miles of fiber.
Indiana Fiber Works also leases to the state much of the dark fiber used for the “I-Light” network, which connects public and private universities statewide with high-speed networking used in research and education.
Indiana Fiber lists seven employees and an office at 625 E. 11th Street.
Zayo plans to broaden the operation to offer “lit” fiber-optic service and service in more defined geographic areas of the state, rather than marketing mostly for statewide applications, according to Zayo Vice President Matt Erickson.
“They didn’t drill down,” he said of Indiana Fiber’s market focus.
Zayo, a subsidiary of Communications Infrastructure Investments LLC, recently bought PPL Telcom, a 4,600-mile network out of Allentown, Penn., and Memphis Networx, a 200-mile fiber system in Tennessee.
By the end of the year Zayo plans to buy Minneapolis-based Onvoy Inc., which should boost Zayo’s total annual revenue to $125 million.
Indiana Fiber started out as Metro Xmit, a fiber-optic provider founded by entrepreneur Andrew Purcell. It filed for Chapter 11 bankruptcy in late 2001 and later sold to GE Capital for $8 million.