This articleneeds additional citations forverification.(September 2008) |
Covad Communications Company,also known asCovad Communications Group,was an American provider ofbroadbandvoiceanddata communications.ByQ32006, the company had 530,000 subscribers, and ranked as the 16th largestISPin the United States.[1]Covad was acquired byU.S. Venture Partners,[2]who in 2010 announced a three-way merger ofMegaPath,Covad, andSpeakeasy,[3]creating a single Managed Services Local Exchange Carrier (MSLEC), providing voice and internet services;[4]the new company was namedMegaPath.
 | |
| Company type | Private company |
|---|---|
| Industry | Telecommunications |
| Founded | 1996 |
| Successor | MegaPath |
| Headquarters | San Jose, California |
Key people | Pat Bennett, CEO |
| Products | VOIP,DSL,T1,Wireless,Web Hosting |
| Website | covad |
In January 2015, telecommunications service providerGlobal Capacityacquired MegaPath's wholesale and direct access business, which included assets acquired from Covad.[5][6]
The name Covad was derived from acronyms which have varied over time, includingCOmbined Voice And Data,Copper Over Voice And Data,and in its earliest form,COpper Value ADded.[7]
History
editCovad was the first service provider to offer a nationalDSLbroadband service. In addition they offeredVoice over IP,T1,Web hosting,managed security,IPanddial-up,and bundled voice and data services directly through Covad's network and throughInternet Service Providers,value-added resellers, telecommunications carriers and affinity groups to businesses. Covadbroadbandservices were available in 44USstates, including 235 Metropolitan Statistical Areas (MSAs), a services area available to over 50 percent of all businesses. The company was founded inSan Jose,CA.
By 2008, Covad added the Samsung Acemap DSLAM to their portfolio on top of their pre-existing Nokia D50 DSLAMs, to allow forADSL2+technology, which can reach DSL speeds up to 15 Mbit/s.[8] The launch of the AceMAP was primarily instigated to provide combined POTS and ADSL2+ service to Earthlink end users and were deployed in more residential areas instead of concentrating on business-centric markets.
Covad was acquired a by private equity firm,Platinum Equity,in April 2008.[9]In 2010, it was sold toU.S. Venture Partners,[2]which merged Covad, andSpeakeasyinto MegaPath.
The three-way merger produced an executive team comprising the formerCEOsof all three former companies: Chairman and CEO (former MegaPath CEO) D. Craig Young, Chief Strategy Officer and Head of Wholesale Markets (former Covad CEO) Pat Bennett, and (former Speakeasy CEO) Bruce Chatterley as President of the Business Markets unit in charge of all non-wholesale customer sales, service and marketing.[4]
In mid-2010, Covad announced Ethernet-over-Copper services (EoCu) in the LA market. The new Ethernet product ran over a Fujitsu Flashwave based Ethernet core and provided symmetrical speeds up to 20 Mbit/s. Ethernet over DS1 service was added soon after. In early 2011, Covad (now as Megapath) announced expansion of the services on a national level by the end of 2012.
In September 2014,Global Capacityannounced its plan to buy the assets acquired from Covad from MegaPath.[5]The acquisition was completed on January 1, 2015.[6]
References
edit- ^ISP Planet - Market Research - Top 23 U.S. ISPs by Subscriber: Q3 2007Archived2008-07-25 at theWayback Machine
- ^ab"Covad, MegaPath announce merger".NetworkWorld.2010-04-06.
- ^"All Together Now".MegaPath. 2010. Archived fromthe originalon 2010-12-27.
- ^ab"MegaPath, Covad, Speakeasy Merger Closes"(Press release). MegaPath. 2010-09-01.Retrieved2011-03-19.
- ^ab"MegaPath Deal Should Expand Global Capacity Carrier Ethernet Offerings".CarrierEthernetNews. 2014-09-11.Retrieved2015-04-29.
- ^ab"Global Capacity wraps acquisition of MegaPath's wholesale division".FierceTelecom. 2015-01-06.Retrieved2015-04-29.
- ^Rivkin, Steve; Sutherland, Fraser (September 30, 2004).The Making of a Name: The Inside Story of the Brands We Buy.Oxford University Press.pp.72.ISBN978-0-19-516872-3.
- ^"Covad and SAMSUNG Announce Upgrade to Covad Nationwide Network that Enables Local & Long Distance Service, Internet Access and Video over DSL".samsung. June 28, 2005.
- ^"Platinum Equity Completes Acquisition of Covad Communications Group, Inc".Platinum Equity.April 15, 2008.
External links
edit- Official homepageof Covad Communications d/b/a Global Capacity
- Business data for Covad Communications Group, Inc.: