Now in 2013 they have just achieved a Billion Dollar threshold
1392_ 6/11/13 - Zayo was launched earlier, but their first dollar of revenue was in July of 2007. Now in 2013 they have just achieved, on an annualized basis a Billion Dollar threshold. Larry asked Dan Caruso, Founder and CEO, what all that expansion and the changes look like. "The last year has been a period of enormous change for Zayo. When we started the company, it was based on the premise that fiber in the ground would be a very valuable and scarce resource over time, because of the need we all have for increased bandwidth - kind of an essential resource to supply bandwidth. So we built the whole business plan around this bandwidth infrastructure concept. And, it was predicated on acquiring companies that had built fiber years in the past Pull them together into a national [and now international] platform, and use that platform to sell and produce bandwidth for very large consumers of bandwidth. So over the last year that all really came together thru a series of acquisitions. The two largest of those were 360 Networks, which was completed at the beginning of last year, and Above Net, which was completed in July 2012 time frame. Those two plus the other acquisitions resulted in our company more than tripling in size in the last 18 months. Dan said, "Today's focus, more than anything else is putting that fiber to work in businesses that need bandwidth as part of their core business proposition. That includes the wireless carriers. With all of us using our wireless devices more frequently and far more applications, the wireless carriers have to keep pace. To do that they need more fiber. The big Internet companies - the amount of data they need to store and move around is growing and growing, and growing. So they need more robust fiber solutions. There are other institutions as well, such as healthcare. Think of all the things you go to the doctor for and how much of that involves sharing and transferring of information. Their needs are growing at a dramatic pace. Media companies, financial institutions, all kinds of vertical ventures need more and more bandwidth. Zayo deals directly with customers in each of those verticals"...listen for more as Dan discusses the challenges and opportunities...
RELATED LINKS: Zayo || Dan Caruso's Bear on Business || In the News || Podcasting Directory || KEYWORDS: Dan Caruso, Zayo, Bandwidth, Business Plans, Bear on Business, Fiber, 360 Networks, Abve Net, Media Companies, Financial Institutions, Vertical Ventures, > bytes=7414912
LISTEN TO: Dan Caruso, CEO/Founder, Zayo, Inc.
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