LightEdge Solutions Acquires Business Division of NexGen Integrated Communications
Midwest leader in converged voice, data and IT services expands to
better serve small and midsize businesses in the region
DES MOINES, Iowa—-June 7, 2006-LightEdge Solutions, Inc., a leader in converged data networking, voice-over-Internet-protocol (VoIP) and managed IT business services, today announced its acquisition of the business division of NexGen Integrated Communications, a provider of business and residential Internet, voice and cable TV services in Urbandale, Iowa.
LightEdge acquires substantially all of NexGen's commercial assets and the 700 customers related to its business Internet services in Des Moines, Cedar Rapids and Iowa City, Iowa and Omaha, Nebraska. All NexGen business customers will be integrated with LightEdge. NexGen retains all of the assets and the 3,000 customers subscribing to its residential service in Des Moines and will continue to service its residential customers under the NexGen name.
"This transaction further expands our coverage areas and strengthens our ability to serve business customers with next generation converged voice and data services," said Jim Masterson, chairman and chief executive officer of LightEdge. "NexGen's business assets provide us with direct access to telecom facilities that will enable us to deliver new services such as Ethernet over copper, which means that small and midsized businesses will have cost-effective access to voice and data speeds greater than traditional DSL or T-1 in Des Moines, Cedar Rapids, Iowa City and Omaha. With higher speeds and capacity, these businesses will also have access to LightEdge's Fortune-500-caliber managed IT services like storage and online backup at affordable rates."
The acquisition will provide NexGen business customers, as well as other small and midsize businesses in Des Moines, Cedar Rapids, Iowa City and Omaha, with access to advanced technology services such as VoIP phone systems, data networking and business services at affordable monthly rates. Since these services are available from LightEdge as hosted and fully managed solutions, businesses can avoid the significant up-front capital infrastructure investment typically required to deploy and maintain such systems.
All employees from both entities will be retained. LightEdge is currently hiring to meet continued demand for its services. Terms of the transaction will not be disclosed.
About NexGen Integrated Communications
NexGen Communications is a provider of residential phone, Internet and cable TV primarily to the MDU (multi-dwelling unit) market. NexGen provides complete carrier class voice and Internet services via their own network and have partnered with a large national cable TV provider as the only licensed MDU dealer in Iowa. NexGen delivers service that is outstanding, comprehensive, innovative, competitively priced and just plain astonishing.
About LightEdge Solutions
LightEdge Solutions® empowers businesses to be more productive, mobile and effective with managed voice and data services delivered through a multi-homed, Cisco Powered Network data center environment. By out-tasking voice, data and IT services, small and medium sized businesses are able to realize unparalleled scalability and reliability with a lower total cost of ownership and reduced administration. For more information about services available for your business, visit LightEdge’s web site at www.lightedge.com.
LightEdge Solutions® and the LightEdge Solutions logo, and Scale-on-Demand™ are trademarks, registered trademarks, or service marks of LightEdge Solutions, Inc. EdgeBCC™ and the EdgeBCC logo are trademarks, registered trademarks, or service marks of the Edge Business Continuity Center. All other brands or products are trademarks or registered trademarks of their respective holders.
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Media Contact:
Scott Riedel
LightEdge Solutions
515-471-1256
sriedel@lightedge.com