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Dec 30, 2004 - PAETEC Launches Six Sigma Working with GE Commercial Finance
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FAIRPORT, NY - PAETEC Communications Inc., a nationwide communications solutions provider, has launched a new quality initiative centered on Six Sigma, a highly disciplined process used by industry-leading organizations to improve business performance.
PAETEC's training was provided by GE's "At the Customer, For the Customer" (ACFC) program, an innovative initiative whereby GE freely shares best practices and processes with its customers to help them grow. PAETEC is a customer of GE Commercial Finance Global Media & Communications. GE - recognized worldwide for popularizing the use of Six Sigma as a methodology to improve business performance - agreed to provide PAETEC with initial Six Sigma training and mentoring.
"Our business relationship with PAETEC extended to Six Sigma training and mentoring," said Damon Werner, Six Sigma Master Black Belt and vice president, ACFC at GE Commercial Finance. "We're introducing PAETEC to the tools that we use everyday to grow our business to help them grow their business."
PAETEC has sent 27 key executives through GE's Six Sigma training program in 2004. Employees attain specific levels of achievement based on proficiency and experience, similar to the martial arts belt system. The goal is for each employee to attain the Six Sigma "white belt" level within three years.
"We are raising our commitment to quality to a higher standard - and ultimately, our customers will benefit," said Tim Bancroft, executive vice president responsible for PAETEC's quality program.
Since the company's inception, PAETEC has adopted standards set by the International Standards Organization (ISO) to document, inspect, and improve all business processes. In 2003, PAETEC achieved a major quality milestone - ISO 9001:2000 certification for all business functions within the company. ISO ensures adherence to business process documentation standards. By adopting Six Sigma, PAETEC has taken business improvement to the next level.
"PAETEC customers will reap the benefits through consistent, superior service and reduced costs," added Jeff Burke, executive vice president at PAETEC. "Exceeding customer expectations in the network quality we provide, the competitive pricing we offer, and our prompt response for support, is the standard we strive towards every day."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., the company boasts one of the highest customer retention rates in the industry.
About GE Commercial Finance Global Media & Communications
With over $5 billion in assets and offices in Atlanta, Chicago, Delhi, Hong Kong, London, New York, Norwalk, and San Francisco, GE Commercial Finance Global Media & Communications represents a "one-stop" source for the comprehensive range of GE's lending and other structured financial services offered to the media, telecom, leisure & entertainment, and technology marketplace. For more information, please visit www.gegmc.com. GE Commercial Finance (www.gecommercialfinance.com) offers businesses of all sizes an array of financial services and products worldwide. With approximately $230 billion in assets and an expertise in the mid-market segment, GE Commercial Finance provides loans, operating leases, financing programs, and innovative structured capital to help customers grow. A wholly owned subsidiary of the General Electric Company, GE Commercial Finance is headquartered in Stamford, Connecticut, USA. General Electric (NYSE: GE) is a diversified services, technology, and manufacturing company with operations worldwide.
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Dec 15, 2004 - PAETEC Launches IP Product Set for Financial Markets
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NEW YORK, NY - PAETEC Communications, Inc., a national communications solutions provider, announced a new suite of products developed to bring the next generation of transport technology to the trading floors and brokerage houses of the financial marketplace.
Internet Protocol (IP) technology is set to dominate the method by which information moves in the financial industry, specifically in voice trading. IP voice trading is attractive for several reasons, including increased operational efficiencies, reduced operational costs, and an inherent disaster recovery capability. So while PAETEC can skillfully satisfy the needs of those firms requesting traditional switched-access voice lines, it is well positioned to focus on IP delivery for the following products:
Additionally, PAETEC offers a full-suite of integrated local, long distance, and toll-free services, as well as enhanced data, and communications management services.
"Our goal is to become the premier provider of global high-performance networks that will enable financial firms and their service providers to communicate, access services, share information, and transact business 'on net,' said Brad Bono, co-Chief Operating Officer at PAETEC. "As we move deeper into serving the trading side of the financial community, we have the financial stability, cutting-edge MPLS network, 24/7 customer support, and network diversity to support these mission-critical applications."
As technology advances and changes based on customer needs, one of PAETEC's advantages, according to Bono, is that the company's state-of-the-art IP network contains no legacy equipment, which can be expensive to maintain.
In addition to new products, PAETEC offers customers a financial services team with a wealth of Wall Street telecom experience. John Faccibene, Vice President and General Manager of Financial Markets, and William Wagner, Jr., Vice President of Technology, Financial Markets, bring more than 50 years of combined telecommunications experience to PAETEC, much of that spent working with the financial community.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., the company boasts one of the highest customer retention rates in the industry.
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Nov 30, 2004 - PAETEC Executive to Speak at Oracle OpenWorld
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FAIRPORT, NY - PAETEC Communications, Inc., a national communications solutions provider, announced that Jeffrey L. Burke, Executive Vice President, will speak at the Oracle OpenWorld trade event on Dec. 6 at the Moscone Convention Center in San Francisco.
Burke's presentation, entitled, "Customer-Focused Lean Operations," will cover how PAETEC provides unmatched customer support and efficient operations through the effective balance of people, process, and technology.
Oracle (NASDAQ: ORCL) is a leading enterprise software company. Oracle has combined two premier conferences, its business applications conference - Oracle AppsWorld - and its technology conference - OracleWorld - into one major conference focused on enterprise technology directions - OpenWorld.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., the company boasts one of the highest customer retention rates in the industry.
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Nov 19, 2004 - PAETEC Executive Receives 40 Under 40 Honor
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Rochester, NY - PAETEC Communications, Inc., a nationwide communications solutions provider, announced that Senior Vice President of Finance and Controller Al Chesonis received the Rochester Business Journal's prestigious '40 Under 40' award. This honor is bestowed each year upon exceptional business leaders (40 years of age and younger) in the greater Rochester area.
Mr. Chesonis serves on the board of directors of the Golisano Children's Hospital at Strong Memorial Hospital and is a volunteer commissioner with the Perinton Recreation & Parks Department. He and his wife, Amy, have three children.
Mr. Chesonis has been responsible for PAETEC's accounting operations, business modeling, and financial reporting since its inception in 1998. Mr. Chesonis holds a Bachelors degree in Accounting from the University of Delaware and is a Certified Public Accountant.
About PAETEC
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., the company boasts one of the highest customer retention rates in the industry.
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Nov 05, 2004 - PAETEC CEO to Speak at WSTA Seminar
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New York, NY - PAETEC Communications, Inc., a national communications solutions provider, announced that Arunas A. Chesonis, Chairman and Chief Executive Officer, will speak at the Wall Street Technology Association (WSTA) seminar to be held Nov. 9 at The New Yorker Hotel in New York City.
WSTA, which sponsors the educational seminars, is a non-profit educational organization that focuses on technologies, operational approaches, and business issues for the global financial community.
About PAETEC Communications
PAETEC Communications, Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video enhanced data and communications management services to medium-sized and large businesses, hotels, colleges and universities, hospitals, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., PAETEC boasts one of the highest customer retention rates in the industry.
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Oct 20, 2004 - PAETEC Ranks Among Deloitte Fast 500 for Second Consecutive Year
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FAIRPORT, NY - PAETEC Communications, Inc., a national communications solutions provider, today announced that for the second consecutive year it placed on the Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1999 - 2003, during which PAETEC's revenue grew 1,458 percent.
"Making the Deloitte Technology Fast 500 in consecutive years is a testament to a company's commitment to technology," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "PAETEC has proven that its leadership has the vision and determination to grow in difficult conditions."
"Achieving sustained revenue growth of 1,458 percent over five years is a tremendous accomplishment during a difficult period for the technology sector," Evans added. "PAETEC's substantial growth puts it in select company."
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Oct 19, 2004 - PAETEC Signs With Choice Hotels International as Preferred Provider
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SILVER SPRING, Md. - Choice Hotels International, Inc. (NYSE:CHH) today announced an endorsed vendor agreement with PAETEC Communications, Inc., a national communications solutions provider. The agreement with PAETEC gives Choice brand hotels an opportunity to leverage an integrated offering of local, long distance, and toll-free services from PAETEC.
"The endorsed vendor agreement with PAETEC allows Choice Hotels and its licensees the opportunity to align with a company noted for its state-of-the-art communication services and outstanding customer service," said Dan Rothfeld, senior vice president, partner services, Choice Hotels International.
"PAETEC is very proud and excited about our selection as an endorsed vendor for Choice Hotels International," said Charlie Field, vice president of hospitality for PAETEC. "The Choice family of hotel properties provides PAETEC with a tremendous customer profile which will further enhance our hospitality market position."
About Choice Hotels
Choice Hotels International is one of the world's largest lodging franchisers, marketing more than 5,000 hotels open or under development in 45 countries and territories under the Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, MainStay Suites, Econo Lodge, and Rodeway Inn brand names. For more information on Choice Hotels, visit the company's web site at www.choicehotels.com.
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Oct 14, 2004 - PAETEC Exceeds 675,000 Access Lines
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FAIRPORT, NY - PAETEC Communications, Inc., a national communications solutions provider, today announced that it has installed 675,816 access line equivalents on its network as of September 30, 2004. This represents an increase of 166,200 access line equivalents in service over the September 2003 total.
"Achieving year-over-year access line growth of nearly 33 percent in an industry and economy that are both still struggling reflects our commitment to the quality of service we provide our customers," said Arunas A. Chesonis, PAETEC's Chairman of the Board and CEO. "It's this passion for quality - coupled with our financial stability - that attracts customers looking for a provider who can manage their telecommunications needs while reducing their costs."
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry.
Headquartered in Fairport, N.Y.,, PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island,, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Sep 23, 2004 - PAETEC Receives Rochester Business Ethics Award
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Rochester, NY - PAETEC Communications, Inc., a communications solutions provider serving 27 markets nationwide, was named the winner of the 2004 Rochester Business Ethics Award. PAETEC won in the "Large Company" category for businesses with 250 or more employees.
Presented by the Rochester Chapter of the Society of Financial Service Professionals (SFSP) and St. John Fisher College, the award honors the company that best demonstrates a firm commitment to ethical business practices in everyday operations, management philosophies, and in response to crises or challenges.
"PAETEC is honored to receive this award. We constantly strive to run our business in an ethical manner, and to receive this award is further validation of our philosophy," said Arunas Chesonis, chairman and chief executive officer for PAETEC. "While we feel privileged to have been selected, we also want to congratulate the other finalist in our category, Xerox Corp."
Monroe County Supreme Court Justice Francis A. Affronti chaired the judging panel, which reviewed nominations from 75 companies. The award was created in 2003 when SFSP Rochester Chapter President Alan Ziegler wanted to recognize business leaders in Rochester.
"This award celebrates the fact that Rochester has great businesses that lead this community by behaving the right way," Ziegler said. "PAETEC is such a model of how to create a successful business culture that I can't think of a better company to be a flagship for the program."
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Sep 08, 2004 - PAETEC Launches Suite of Video Conferencing Services
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, today unveiled a suite of services that provide customers with a variety of solutions for all of their main video conferencing needs.
"PAETEC is uniquely positioned to handle all aspects of video conferencing, from applications to transport technology to service," says Jack Baron, PAETEC's chief marketing officer. "In the past, video conferencing users often had three or more companies to try to coordinate their conferencing services. Our customers have stressed that they want a single point of contact for all of these services."
Video conferencing is rapidly growing due to many factors, including a reduction in the cost of equipment, more efficient transport methods, a less expensive alternative to time-consuming travel, and higher quality images that use less bandwidth.
PAETEC offers a range of transport options, from accessing the public Internet to the cutting-edge of PAETEC's Multi-Protocol Label Switching (MPLS) private network. MPLS uses Quality of Service (QoS) to prioritize traffic, enabling time-sensitive video information to receive top priority as data travels across the network. Customers can also use traditional ISDN lines.
"The next generation of IP-based video conferencing represents a new paradigm in telecommunications," Baron said. "Our customers can truly integrate high-quality video calls with their data network, incurring no usage charges and often using their existing video equipment."
About PAETEC Communications
PAETEC Communications, Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
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Sep 02, 2004 - PAETEC ISG Re-Certified as Cisco Silver Certified Partner
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Rochester, NY - PAETEC Integrated Solutions Group, Inc., a wholly owned subsidiary of PAETEC Corp. and a sister company of PAETEC Communications, Inc., today announced that it has been officially re-certified as a Cisco Systems (NASDAQ: CSCO) Silver Certified Partner.
This re-certification indicates that PAETEC Integrated Solutions Group (ISG), which designs and implements data networks, has again met the personnel, support, specialization, and customer satisfaction requirements for achieving Silver certification. It further supports ISG's and PAETEC's focus on training and the ability to sell, install, and support Cisco solutions in the United States.
"Attaining this re-certification demonstrates our commitment to remaining a technical leader in our industry," said Jim Lizon, ISG's vice president of sales. "It demonstrates to our customers that we have the technical skills to design and deliver advanced network solutions."
Achieving Silver certification level necessitates proficiency in technology and services specializations, which enables PAETEC to deliver new solutions and value-added services to its customers via ISG. In addition, Silver certification places great emphasis on customer satisfaction, and ISG must meet detailed objectives for the U.S. marketplace outlined by Cisco. According to Lizon, this emphasis on customer service meshes well with PAETEC's stated belief of being passionate about quality.
"Our comprehensive offerings coupled with our commitment to service excellence ensures that our customers receive superior value, service, and flexibility," he said.
About PAETEC Communications
PAETEC Communications, Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 31, 2004 - PAETEC Scholarship Program Created at RIT
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FAIRPORT, NY - PAETEC Communications, Inc., a communications solutions provider serving 27 markets nationwide, today announced the creation of the PAETEC Scholarship Program, an initiative that will provide financial support for students attending the B. Thomas Golisano College of Computing and Information Sciences at the Rochester Institute of Technology (RIT).
Through the PAETEC Scholarship Program, PAETEC will provide $10,000 per year for five years, with the money divided between four to five students each year. In addition to funding scholarships, the Program also supports:
Bob Moore, senior vice president of Information Technology for PAETEC, sees a dual advantage in the new relationship. "We look forward to helping RIT students interested in computing careers take full advantage of their educational opportunities," Moore said. "At the same time, PAETEC stands to benefit by staying current in the industry through our association with a best-of-breed school such as RIT."
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Aug 25, 2004 - PAETEC Opens New Sales Office In Southern California
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Irvine, CA. - PAETEC Communications, Inc., a communications solutions provider of voice and data solutions with local offices in Culver City, Irvine, and San Diego, announced that it has expanded its market footprint in the Southern California region by opening a sales office in Ontario.
"PAETEC recognizes this as a growing area, and as an opportunity for a competitive carrier that caters to medium-sized and large businesses," said Keith Shore, Ontario regional sales manager for PAETEC.
The new office, located at 3401 Centrelake Drive, #450, follows PAETEC's recent opening of a second switch site in Anaheim, and represents its continued growth and stability in Southern California. The office houses both sales and sales support personnel.
"The opening of a fourth sales office in Southern California further validates our belief that PAETEC offers its customers a world-class telecommunications solution," said Mark Szotkowski, PAETEC's vice president of direct sales for the Western Region. "Our philosophy is to create local sales forces that provide a personal level of contact not found anywhere else."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 20, 2004 - PAETEC Employees Achieve Bonus Award
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Rochester, N.Y. - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, today announced that its non-commissioned employees received a cash bonus equivalent to approximately 6% of their January-June 2004 regular earnings. PAETEC's bonus distribution has been paid to nearly 700 of its employees, and follows an earlier bonus payout made this year based on 2003 regular earnings.
"While many companies - particularly telecom companies - continue to struggle, PAETEC has again hit its financial targets, thus allowing our employees to realize this bonus payout," said PAETEC Chief Financial Officer Keith Wilson.
PAETEC's bonus calculation was based upon a combination of overall corporate and individual performance. PAETEC's policy is to motivate its employees to work together to achieve positive results for the company while at the same time reward employees individually for their performance.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial service organizations, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 19, 2004 - PAETEC Completes Acquisition of Covista Assets
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ROCHESTER, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that it received final regulatory approvals and has now completed its purchase of a significant base of commercial customers, switches, and related facilities of Covista Communications, Inc. (NASDAQ symbol: CVST).
The total purchase price of $13.5 million was based on annualized revenue of approximately $30 million associated with the selected Covista customers, assets, and facilities. PAETEC gained approximately 6,500 customers through the acquisition, while 49 former Covista employees joined PAETEC. As part of the agreement, PAETEC assumes leases for existing Covista switch facilities in New York and Philadelphia, as well as office locations in Bensalem, Penn., and Paramus, N.J. Covista will also execute a Wholesale Service Agreement to purchase $12 million of services from PAETEC over 24 months.
"Our integration team has worked hard to implement a smooth transition and bring together the best from both companies in terms of people, processes, and technology," said Brad Bono, Chief Operating Officer for PAETEC. "This acquisition provides PAETEC with a strong set of new customers that will strengthen our market-leading position in the medium-to-large commercial segment throughout the Northeast corridor. We welcome our new customers and we're excited to have the opportunity to offer them a full suite of facilities-based data and voice services."
Additionally, PAETEC anticipates partnering with agents that had been working with Covista. "We're eager to share PAETEC's vision with these agents, and to build upon the strong relationships that Covista had nurtured," Bono said.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial service organizations, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
About Covista
Covista is a facilities-based provider of telecommunications services with a substantial customer base, principally residential and small to medium-sized businesses. Its products and services include a broad range of voice, data and Internet solutions, including long distance and toll-free services, local dial tone and features, calling cards, frame relay, Internet access, VPN, directory assistance and teleconferencing services. Covista currently owns and operates switches in Chattanooga, Dallas and Minneapolis. Covista operates Network Operation; call center and information technology facilities in Chattanooga to monitor its switched network and to coordinate its various services. For information on becoming a Covista customer, please telephone 800-805-1000 or visit the Company's website at www.covista.com.
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Aug 13, 2004 - PAETEC Promotes Five to Senior Vice President
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FAIRPORT, N.Y. - PAETEC Communications, Inc., a communications solutions provider serving 27 markets nationwide, today announced the addition of five new members to PAETEC's Leadership Council by promoting Al Chesonis, Karen Dupke, Bob Moore, Reginald Scales, and Donna Wenk to Senior Vice President. Mr. Chesonis, Mr. Moore, and Ms. Wenk are located in Fairport, N.Y., Ms. Dupke is located in Voorhees, N.J., and Mr, Scales is located in Irvine, Calif.
Mr. Chesonis was named Senior Vice President of Finance and Controller, and has been responsible for PAETEC's accounting operations, business modeling, and financial reporting since its inception in 1998. Prior to joining PAETEC, he held the positions of Director of Public Reporting for U.S. Foodservice and Audit Manager for Price Waterhouse.
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Aug 06, 2004 - PAETEC Adds Two Key Financial Markets Executives
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FAIRPORT, N.Y. - PAETEC Communications, Inc., a communications solutions provider of data and voice services, announced that John M. Faccibene and William J. Wagner, Jr., have joined the company as it expands into serving the trading floors and brokerage houses of the financial marketplace. Mr. Faccibene, PAETEC's new Vice President and General Manager of Financial Markets, and Mr. Wagner, PAETEC's new Vice President of Technology, Financial Markets, bring more than 50 years of combined telecommunications experience to PAETEC, much of that spent working with the financial community.
"We're thrilled that John and Bill have joined PAETEC as we move deeper into serving the trading side of the financial community," said Brad Bono, co-chief operating officer. "PAETEC has the financial stability, cutting-edge network, 24/7 customer support, and network diversity to support mission-critical applications from the brokerage houses to the turrets on the trading floor."
Prior to PAETEC, Mr. Faccibene was a founder and managing director of global operations for IXNET, which later was sold to Global Crossing, Ltd., where he was senior vice president of sales engineering. Mr. Faccibene has also worked for Garban as senior vice president of technology, PaineWebber, as corporate vice president of communications, and Dean Witter Reynolds, as vice president of communications.
In 1994, Mr. Faccibene was voted one of the top twenty-five most powerful people in the communications industry by Network World. He has been a senior member of both the Securities Industry Association (SIA) Technology Management Committee and the Wall Street Technology Association (WSTA) Executive Committee. He has served on the boards of numerous software/hardware companies, including NxNetworks, TimeStep, BasketFunds, Bridgewater, and The New York Technical College.
Prior to PAETEC, Mr. Wagner served IXNET as vice president and chief engineer. Mr. Wagner also worked for New York Telephone - later Bell Atlantic - as financial industry corporate liaison before becoming director of financial industry product development for the company's Data Solutions Group. He also had responsibility for Bell Atlantic's corporate relationship with the Securities Industry Association, New York Clearinghouse Association, and Wall Street Telecommunications Association.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 05, 2004 - PAETEC to Build New Regional Headquarters in New Jersey
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Fairport, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that it would build its new regional headquarters in southern New Jersey after considering offers to relocate to Pennsylvania and Delaware.
The company, whose current New Jersey office is located in Voorhees, is expected to choose from among at least six sites in Camden, Cherry Hill, and Moorestown. The new location, which is anticipated to be approximately 100,000 square feet, will serve as a regional headquarters, along with facilities located in Fairport, N.Y., and Irvine, Calif.
"While offers and incentives from Pennsylvania and Delaware made this a difficult decision, we're confident that we looked at it from every angle - not the least of which was the preference of our employees," said Brad Bono, co-chief operating officer at PAETEC. "PAETEC is extremely pleased to be able to remain and expand in South Jersey."
PAETEC has approximately 1,100 employees nationwide, including 100 at its Voorhees, N.J., location. The company plans to add at least 400 jobs in South Jersey during the next five years in connection with the anticipated expansion of local operations.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 02, 2004 - PAETEC boosts IP Data Network to Allow QoS Capabilities
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Rochester, NY - Imagine needing a contract shipped overnight and it was treated the same as a box of staples not expected until next week. Would you be satisfied with how your packages were prioritized? PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announces the addition of Quality of Service (QoS) as a customer-enabled prioritization enhancement to its Multi-Protocol Label Switching (MPLS) private network.
On most traditional private data networks, information is placed in packets that are all treated equally - regardless of the urgency of the content. Using QoS, a customer can designate levels of priority for their traffic over PAETEC's MPLS network, so time-sensitive traffic passes through the network first. While prioritization means everything to the quality of a videoconference or a voice call over IP, the end user will not notice the potential millisecond delay in sending or receiving an e-mail message.
"MPLS was a giant leap into the convergence of voice and data networks. Now the enhancement of our Quality of Service completely revolutionizes how a network may be used," says Jack Baron, chief marketing officer. "Real-time applications such as voice or video over an IP network weren't thinkable before, but can now be easily implemented, providing our customers unprecedented productivity, efficiency, and cost savings."
Quality of Service is the latest benefit to PAETEC's industry-leading, SECURETEC MPLS-based IP network, adding to telecom's lowest latency (delay), highest packet delivery percentage, and most stringent Service Level Agreements.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jul 01, 2004 - PAETEC Helps Raise Over $8,000 for Youth Lifeline Foundation
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, hosted the first annual "PAETEC NFL Experience" - an exclusive event that raised more than $8,000 for the Roland Williams Youth Lifeline Foundation.
The evening event was held on Saturday, June 26, at PAETEC headquarters in Fairport, and was hosted by Rochester native and current Oakland Raider tight end Roland Williams.
The Roland Williams Youth Lifeline Foundation provides life skills programming for thousands of disadvantaged youngsters, and is recognized as one of the prominent celebrity foundations in the United States. PAETEC officials were thrilled to host Williams and an all-star cast of NFL players for an interactive evening with children and adults from the Rochester area. The up-tempo evening featured interaction with the players (including photograph opportunities, as well as "Locker Room 101" and "Chalk Talk With the Pros" seminars), a silent auction of NFL paraphernalia, fast-paced PlayStation games for kids on the giant screens of their Network Operations Center, autograph sessions, and great food and hospitality throughout.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 24, 2004 - UNE Ruling Won't Slow PAETEC's Continued Growth
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, continues to thrive by following an innovative business plan even as recent court rulings potentially restrict access by Competitive Local Exchange Carriers (CLECs) to the networks of Incumbent Local Exchange Carriers (ILECs).
Under the old rules, CLECs were allowed to lease the unbundled network elements (or UNEs) of the networks of large local phone companies for their own use at reduced wholesale prices. To competitors in the telecom industry that rely on UNEs, the recent court ruling means that they could shortly see either increases in wholesale rates, a restriction in availability of certain UNEs, or both. Although questions have been raised regarding the long-term viability of CLECs, PAETEC's success is not dependent on UNEs.
The primary reason that PAETEC is sheltered from the UNE issue is that PAETEC purchases "special access" service from the ILEC to make the connection between the customer premises and the nearest PAETEC point of presence (POP). Special access is a different form of network access that was not affected by the recent decision on UNEs. This separates PAETEC from most other CLECs.
"While we cannot speak to the issues and financial implications facing the competitive industry as a whole as a result of this issue, we are confident that PAETEC's profitable business plan, particularly our wholesale cost structure, is insulated from this period of regulatory uncertainty," said Brad Bono, co-chief operating officer for PAETEC. "We will continue to provide our customers with superior telecommunications service at the competitive prices they have come to expect."
Because special access is a service, not just a piece of the ILEC's network, PAETEC receives a greater degree of cooperation and attention from the ILEC throughout the ordering, provisioning and maintenance process than it would if it were purchasing UNEs.
This underscores PAETEC's commitment to its customers, according to Bono. "Given the critical importance of good customer service in PAETEC's business plan, getting the best quality service from our own network suppliers is imperative," he said.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 24, 2004 - PAETEC Wins Phoenix Award From Blackstone Group
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced today that the Private Equity sector of The Blackstone Group recently granted PAETEC the coveted Blackstone "Phoenix Award."
Earlier this year, Blackstone hosted its first annual Portfolio Company CEO Conference in Florida, bringing together many CEOs from Blackstone's wide spectrum of portfolio companies, as well as many of the Group's own investment professionals. The conference invited these individuals to come together to share ideas and discuss ways to work together more effectively in the future.
The CEOs attended an awards dinner to honor former and current members of The Blackstone Group, as well as to present awards to deserving portfolio companies. Mark Gallogly, Senior Managing Director and head of Blackstone's Private Equity group, introduced a newly created award - the Blackstone "Phoenix Award" - and presented it to PAETEC chairman and CEO Arunas Chesonis.
"The Blackstone Group is pleased to recognize Mr. Chesonis for his leadership in guiding PAETEC through recent difficult operating environments," Gallogly said. "In the particularly competitive landscape of the local telecom exchange business, many companies, like the Phoenix, consumed themselves, but did not rise from the ashes as PAETEC has, growing its customer base and profitability despite what Mr. Chesonis calls the 'nuclear winter of telecom.'"
"The Blackstone Group has been tremendously supportive to PAETEC since our relationship got started in early 2000," said Chesonis. "Their world-class expertise and advice have been instrumental in helping our organization flourish. We're honored to be the first recipient of this meaningful award."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
About the Blackstone Group
The Blackstone Group, a private investment and advisory firm with offices in New York, London and Hamburg was founded in 1985. BAAM, the firm's marketable alternatives multi-manager investment management business, was formed in 1990 and has approximately $9 billion in discretionary marketable alternative assets. BAAM has grown to 45 experienced professionals with deep experience in capital markets, portfolio management, risk management, auditing and client service. The Blackstone Group's other five core businesses are Corporate Advisory Services, Restructuring and Reorganization Advisory, Private Equity Investing, Private Real Estate Investing, and Corporate Debt Investing. The Blackstone Group has raised over $32 billion across its alternative asset management businesses.
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Jun 16, 2004 - PAETEC Expands Its Network Presence In Southern California
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Irvine, CA. - PAETEC Communications, Inc., a communications provider of voice and data solutions with local offices in Los Angeles, San Diego, Irvine and Ontario, announced today that it has expanded its telecom network capabilities in the Southern California region by opening a second switch in Anaheim.
The new switch, installed due to PAETEC's tremendous market growth over the past four years, will provide increased network capacity and redundancy allowing greater numbers of Southern California businesses to access cost-effective data and voice communications solutions with PAETEC's high-quality network.
Sharon LaMantia, PAETEC's senior vice president of operations cited rapid business development in California as an example of the company's dramatic growth across the country. "As more businesses across the United States are taking advantage of our world-class offerings, continued expansion in a vital state such as California strengthens PAETEC's footprint and provides essential, cost-effective communications options for businesses," said LaMantia.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 14, 2004 - PAETEC Expands Its Network Presence In Chicago
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CHICAGO, Illinois - PAETEC Communications, Inc., a communications provider of voice and data solutions with local offices in Chicago, announced today that it has expanded its telecom network capabilities in the region. The company has opened Points of Presence (POPs) in Joliet and Naperville, allowing greater numbers of Chicago-area businesses to access cost-effective data and voice communications solutions with PAETEC's high-quality network.
"I have been impressed with PAETEC's ability to deliver a broad range of voice and data services backed by an intense focus on meeting their customers' needs," said telecommunications consultant John Thompson, of Thompson, Ross and Associates. "PAETEC's ability to extend its reach in Illinois through the opening of these new POPs will further help the company reduce costs and provide additional diversity solutions for its customers."
Dan Maynard, vice president of sales in Chicago cited rapid business development in Illinois as an example of the company's dramatic growth across the country. "As more businesses across the United States are taking advantage of our world-class offerings, continued expansion in a vital state such as Illinois strengthens PAETEC's footprint and provides essential, cost-effective communications options for businesses," said Maynard.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 09, 2004 - PAETEC's Kathy Hill Elected President of NTDE Board of Directors
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, today announced that Kathy Hill, Director of Revenue Assurance for PAETEC, has been elected President of the Board of Directors for the National Telecommunications Data Base Exchange (NTDE).
Founded in 1993 by eight of the nation's leading telecommunications carriers, NTDE is a not-for-profit corporation dedicated to promoting the exchange of information among telecom providers. The organization has 35 members and is governed by an eight-member Board of Directors, including representatives from AT&T, BellSouth, PAETEC, Global Crossing, MCI, Sprint and Verizon.
Hill was initially elected for a one-year term to the Board of Directors in September of 2002. Subsequently, she served as secretary and treasurer for the group for the past two years, and, during a quarterly board meeting in Phoenix this past May, was elected President of the Board. "I am thrilled to be involved with an organization interested in working cooperatively to reduce financial risk in the telecom industry," she commented. "As newly elected president I look forward to helping NTDE advance."
Brad Bono, chief operating officer of PAETEC Communications, expressed congratulations to Hill and support for the NTDE. "The ability to obtain and exchange data regarding potential credit and fraud risks on new service applicants through the NTDE has saved PAETEC thousands of dollars throughout the years. I would recommend that all telecommunications companies that service commercial customers utilize this excellent tool to help minimize bad debt within their companies."
According to Alice Haslam, NTDE's Executive Director, "NTDE is delighted to have a PAETEC representative acting as president of our board. As a leader in the CLEC industry, PAETEC has distinguished itself for its insight, innovation, and industry expertise. Kathy Hill has played an active role with NTDE for many years and we look forward to the knowledge and energy she will bring to the board as president."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 07, 2004 - PAETEC CEO shares keynote stage at The Entrepreneurial Institute
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ROCHESTER, NY. - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that Arunas Chesonis, president and CEO of PAETEC Communications and David Neeleman, CEO of JetBlue Airways were the keynote speakers at The President Forum held in May at the Helmsley New York Hotel in New York City.
The Entrepreneurship Institute (TEI), a national non-profit organization, sponsored the premier educational forum on May 6th and invited Mr. Chesonis to speak to over 120 CEOs, presidents and business owners about PAETEC's culture and its focus on employee ownership and family values.
According to Deloitte's annual Fast 500 ranking, PAETEC has grown more than 192,000 percent since its inception in 1998, and is one of the most successful companies in its industry -- an achievement that many attribute to Mr. Chesonis's vision and leadership.
"Arunas's message of encouraging employees to balance life with work, as well as giving employees a feeling of ownership in the business, is one I believe every president and CEO in our audience valued," said Jan Zupnick, president of The Entrepreneurial Institute, "especially since he was able to illustrate how he has succeeded in carrying out those practices at PAETEC."
"It was gratifying to share how a strong workplace culture breeds employee loyalty, which has helped to make PAETEC the success it is today," Mr. Chesonis stated. "Our mission to be the nation's most customer- and employee- oriented communications provider has proven to be a significant differentiator in today's telecommunications climate. We stayed true to our vision while transitioning from a technology start-up to a small-cap company, and we will do so as PAETEC continues to grow."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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May 27, 2004 - PAETEC will acquire selected customers and facilities of Covista
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ROCHESTER, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that it has signed a definitive agreement to purchase a significant base of commercial customers, switches, and related facilities of Covista Communications, Inc. (NASDAQ symbol: CVST) The transaction is expected to close during the third quarter of 2004 and is subject to, among other conditions, obtaining final regulatory approvals.
"This agreement brings built-in strategic advantages," said Brad Bono, Chief Operating Officer for PAETEC. "It enhances our business model with the addition of a strong set of new customers that will strengthen our market-leading position in the medium-to-large commercial segment throughout the Northeast corridor, and it brings us opportunities to offer a full suite of facilites-based services to those customers. Our integration team is developing a plan to move quickly to achieve a smooth transition and bring together the best from both companies in terms of people, processes, and technology."
Subject to final adjustment on closing, PAETEC will pay a cash amount based on a multiple of monthly operating revenue of approximately $2.7 million associated with the selected Covista customers, assets and facilities. Payment is due in three installments over an agreed-upon transition period, with the majority payable upon closing. In addition, PAETEC will assume leases for existing Covista switch facilities in New York and Philadelphia, as well as office locations in Bensalem, PA and Paramus, NJ. Covista will also execute a Wholesale Service Agreement to purchase $12 million of services from PAETEC over 24 months.
The closing of the acquisition is expected to boost PAETEC's revenues, which were over $100 million during the first quarter of 2004. Bono added that the acquisition will enhance positive operating cash flow and bolster the more than $19 million in EBITDA that PAETEC generated in the first quarter. The acquisition is also expected to contribute at least $.05 per fully diluted share in net income for the company during 2005.
About PAETEC Communications
PAETEC Communications Inc. is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and affinity groups. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
About Covista
Covista is a facilities-based provider of telecommunications services with a substantial customer base, principally residential and small-to-medium sized businesses. Its products and services include a broad range of voice, data and Internet solutions, including long distance and toll-free services, local dial tone and features, calling cards, frame relay, Internet access, VPN, directory assistance and teleconferencing services. Covista currently owns and operates switches in Chattanooga, Dallas and Minneapolis, as well as in New York City and Philadelphia, which are to be sold to PAETEC. Covista operates Network Operation call center and information technology facilities in Chattanooga to monitor its switched network and to coordinate its various services. For information, please telephone 800-805-1000 or visit the Company's website at www.covista.com.
Statements in this news release regarding PAETEC's expected financial condition, revenues, operating cash flow, EBITDA, net income and other operating results, cost savings, operational efficiencies and other potential benefits of its proposed acquisition of the Covista assets and other planned events and expectations are forward-looking statements that involve risks and uncertainties. Actual future results or events may differ materially from these statements and are subject to various risks, including risks relating to the Company's business, operations and financial performance, the industry in which it operates, its ability to integrate acquired companies successfully, general economic and business conditions, competition, adverse changes in the regulatory or legislative environment, and various other factors beyond the Company's control. PAETEC expressly disclaims any obligation to update any forward-looking statements whether to reflect events or circumstances after the date of this news release or otherwise.
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May 20, 2004 - PAETEC endorsed by Florida Association of Community Health Centers
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ROCHESTER, New York - PAETEC Communications, a communications solutions provider serving 27 markets nationwide, announced that the Florida Association of Community Health Centers (FACHC) has endorsed PAETEC Communications as its provider of choice for local, long distance and high-speed Internet access services.
FACHC is the leading state advocate for community-based health care programs, and performs a vital role in educating federal, state and local policymakers about issues relating to health care and the role of the health centers. According to Andy Behrman. President and CEO of the Association. "PAETEC has a deep understanding of our industry and is thus well equipped to offer specialized voice and data products and services that benefit FACHC members."
"This endorsement is gratifying, as it comes from one of the most prominent organizations in Florida's healthcare industry," said Joe Ambersley, PAETEC's president for its southern region. "As PAETEC's reach has grown to encompass more than 850 healthcare facilities nationwide, our reputation has been built upon providing great solutions and service to healthcare industry customers."
About PAETEC
PAETEC Communications Inc. is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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May 18, 2004 - PAETEC Communications hosts Executive Insights Seminar
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CHICAGO - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that it sponsored "Executive Insights," an exclusive morning seminar geared for CEOs and business leaders, on May 18th at the Radisson O'Hare in Rosemont.
The seminar was guided by world-renowned author, public speaker and business trainer Kraig Kramers, founder of the popular "CEO Tools" website. Mr. Kramers, an eight-time veteran CEO, puts easy-to-use management tools directly in participants' hands to help them tighten up the nuts and bolts of their businesses, tune up performance with customers, and enhance managerial success.
"Kraig Kramers' CEO TOOLS is a value-laden resource driven by one of the most respected and experienced trainers in business today," said Dan Maynard, PAETEC's vice president of sales in the Chicago region. "Participants had an opportunity to discover for themselves what a world-class CEO has to say about generating and measuring great results in business."
Maynard added that door proceeds from this and similar PAETEC Executive Insights seminars around the U.S. will be donated to the Make a Wish Foundation. "These events provide a quality forum for networking and dialogue with the business community and allow PAETEC to continue to practice good corporate citizenship, which is a mainstay of our company culture," he commented.
About PAETEC
PAETEC Communications Inc. is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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May 17, 2004 - PAETEC launches audio and web-based Conference Calling
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ROCHESTER, NY. - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced today that enhanced audio and web-based Conference Calling has been added to its portfolio of services for customers.
Through this convenient service, customers take ownership of a bridge number that can be used at any time. The service enables free web-based conferencing with new enhanced desktop sharing capabilities, allowing the conference chairperson to share any application via a simple web based interface. Full-featured, operator-controlled conferencing is also available for large, formal conferences that are fully operator-controlled.
"Conferencing is a one of several valuable offerings that reflect PAETEC's versatility in serving customer needs as a comprehensive single-source provider," said Jack Baron, Chief Marketing Officer at PAETEC. "Our conference calling system is based on fully redundant platforms, giving customers peace of mind - and there are no recurring charges or commitments, meaning they only pay for their usage of the service."
About PAETEC
PAETEC Communications Inc. is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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Apr 21, 2004 - PAETEC Announces Advantage Business Line
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Rochester, NY - PAETEC Communications Inc., an integrated communications provider serving 27 markets nationwide, today announced the availability of Advantage Business Line, a new, integrated suite of enhanced telephony products for businesses that provides local telephone service with features to support corporate headquarters and branch locations.
Advantage Business Line includes over 20 a la carte productivity-enhancing options for business telephone users. Businesses can now serve local or remote branches with a range of custom-calling features, including Caller ID, Call Waiting, Call Forward, Remote Call Forward, Three-Way Calling, and Speed Calling. Advantage Business Line options can be purchased individually, or in bundled packages of three, six, and ten features.
Advantage Business Line provides PAETEC customers nationwide with a single point of contact for service and one monthly bill, as well as back-up local telephone service for existing T1 subscribers and new customers.
"We've named this offering 'Advantage Business Line' because it truly provides an advantage to customers," said Brad Bono, Chief Operating Officer at PAETEC. "The benefit of being served by a single provider means there's just one place to call to add services, resolve service issues, or discuss ways to improve telecom operations. And one easy-to-read invoice gives customers a firm grip on all their telecom expenses."
Now available in Florida, Massachusetts, and New York State, the Advantage Business Line service will roll out into other markets in the Northeast and Western regions in the second and third quarter of this year.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and affinity groups. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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Apr 21, 2004 - PAETEC Named as Avaya Channel Partner in 27 U.S. Markets
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ROCHESTER, NY -- PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, today announced that Avaya, Inc. has selected PAETEC to serve as one of its authorized Channel Partners.
This decision leverages PAETEC's broad experience in providing integrated telecommunications solutions on a national scale, and recognizes the company's growing expertise in IP telephony and data services. PAETEC is fully authorized to sell, install, configure, maintain, and service the broad range of Avaya's world-class enterprise products. This capability underscore's PAETEC's industry-leading capabilities in providing integrated voice and data telecommunications solutions for medium- and large-sized businesses in the markets they serve.
"PAETEC and Avaya have enjoyed a healthy business relationship for several years, and it is an honor to be designated as an Avaya Channel Partner," said Arunas A. Chesonis, Chairman and CEO of PAETEC. "As a result of our partnership, PAETEC has developed a great deal of technical knowledge and expertise in supporting the Avaya product line. Combined with our industry-leading customer service, Avaya customers today enjoy the finest telecommunications equipment and support that the industry has to offer."
"We believe PAETEC's managed solution focus on key vertical markets will deliver real value to customers in those industries," said Todd Meister, Vice President of Channel Strategy at Avaya. "PAETEC combines vertical industry knowledge with a total solution approach, and that is why we believe this partnership holds great promise for our companies and our customers."
About Avaya
Avaya Inc. designs, builds and manages communications networks for more than 1 million businesses worldwide, including 90 percent of the FORTUNE 500. Focused on businesses large to small, Avaya is a world leader in secure and reliable Internet Protocol (IP) telephony systems and communications software applications and services.
Driving the convergence of voice and data communications with business applications, and distinguished by comprehensive worldwide services, Avaya helps customers leverage existing and new networks to achieve superior business results.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and affinity groups. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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Apr 08, 2004 - SAP Chief Executive William R. McDermott Joins PAETEC Board
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Rochester, NY - PAETEC Communications Inc., an integrated communications provider serving 27 markets nationwide, announced today the appointment of William R. "Bill" McDermott, chief executive officer and president of enterprise software leader SAP America, Inc., to its Board of Directors.
"We are thrilled that Bill McDermott has agreed to join our Board," said Arunas A. Chesonis, Chairman and CEO. "He is a widely respected corporate leader with an outstanding track record of achieving growth for the companies with which he's worked. His business know-how will be of immeasurable benefit to PAETEC."
An award-winning corporate leader, Mr. McDermott, 42, has earned a reputation for engineering phenomenal business performance. In his first year at the reins of SAP America, the company delivered four consecutive quarters of significant market share gains and revenue increases, as well as improved employee and customer satisfaction. He has sustained that growth, managing SAP's strategic business operations in the United States and Canada with more than 5,000 employees.
Before joining SAP, Mr. McDermott was executive vice president for worldwide sales at Siebel Systems, where he led global sales and field operations. He also served as president of Gartner Inc., overseeing its research, consulting, measurement, software, interactive business operations, as well as its global sales and service operations.
Mr. McDermott spent 17 years at Xerox Corp., where he rose steadily through the ranks of the sales and marketing divisions as well as executive management, eventually becoming the firm's youngest corporate officer and division president.
In 1997, Mr. McDermott's team received the Baldrige Award, the nation's highest honor for business performance. It is presented annually by the President of the United States for outstanding achievement in leadership, strategic planning, customer and mark
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Dec 30, 2004 - PAETEC Launches Six Sigma Working with GE Commercial Finance
Dec 15, 2004 - PAETEC Launches IP Product Set for Financial Markets
Nov 30, 2004 - PAETEC Executive to Speak at Oracle OpenWorld
Nov 19, 2004 - PAETEC Executive Receives 40 Under 40 Honor
Nov 05, 2004 - PAETEC CEO to Speak at WSTA Seminar
Oct 20, 2004 - PAETEC Ranks Among Deloitte Fast 500 for Second Consecutive Year
Oct 19, 2004 - PAETEC Signs With Choice Hotels International as Preferred Provider
Oct 14, 2004 - PAETEC Exceeds 675,000 Access Lines
Sep 23, 2004 - PAETEC Receives Rochester Business Ethics Award
Sep 08, 2004 - PAETEC Launches Suite of Video Conferencing Services
Sep 02, 2004 - PAETEC ISG Re-Certified as Cisco Silver Certified Partner
Aug 31, 2004 - PAETEC Scholarship Program Created at RIT
Aug 25, 2004 - PAETEC Opens New Sales Office In Southern California
Aug 20, 2004 - PAETEC Employees Achieve Bonus Award
Aug 19, 2004 - PAETEC Completes Acquisition of Covista Assets
Aug 13, 2004 - PAETEC Promotes Five to Senior Vice President
Aug 06, 2004 - PAETEC Adds Two Key Financial Markets Executives
Aug 05, 2004 - PAETEC to Build New Regional Headquarters in New Jersey
Aug 02, 2004 - PAETEC boosts IP Data Network to Allow QoS Capabilities
Jul 01, 2004 - PAETEC Helps Raise Over $8,000 for Youth Lifeline Foundation
Jun 24, 2004 - UNE Ruling Won't Slow PAETEC's Continued Growth
Jun 24, 2004 - PAETEC Wins Phoenix Award From Blackstone Group
Jun 16, 2004 - PAETEC Expands Its Network Presence In Southern California
Jun 14, 2004 - PAETEC Expands Its Network Presence In Chicago
Jun 09, 2004 - PAETEC's Kathy Hill Elected President of NTDE Board of Directors
Jun 07, 2004 - PAETEC CEO shares keynote stage at The Entrepreneurial Institute
May 27, 2004 - PAETEC will acquire selected customers and facilities of Covista
May 20, 2004 - PAETEC endorsed by Florida Association of Community Health Centers
May 18, 2004 - PAETEC Communications hosts Executive Insights Seminar
May 17, 2004 - PAETEC launches audio and web-based Conference Calling
Apr 21, 2004 - PAETEC Announces Advantage Business Line
Apr 21, 2004 - PAETEC Named as Avaya Channel Partner in 27 U.S. Markets
Apr 08, 2004 - SAP Chief Executive William R. McDermott Joins PAETEC Board
Mar 30, 2004 - PAETEC Welcomes New Board Member Betsy S. Atkins
Mar 22, 2004 - PAETEC Promotes Mario DeRiggi, Sharon LaMantia to Senior VP
Feb 18, 2004 - PAETEC Signs Exclusive Agreement with LA Hotel and Lodging Association
Feb 13, 2004 - PAETEC Announces 2 new Graduate Fellowships at the U of R Simon School
Feb 09, 2004 - PAETEC Announces Burstable Dedicated Internet service
Jan 22, 2004 - PAETEC Announces Integrated Value Bundle Solutions
Jan 05, 2004 - PAETEC deploys PINNACLE at Stanford University
Jan 05, 2004 - PAETEC launches Next Gen VPN Product for Businesses
Dec 30, 2004 - PAETEC Launches Six Sigma Working with GE Commercial Finance
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FAIRPORT, NY - PAETEC Communications Inc., a nationwide communications solutions provider, has launched a new quality initiative centered on Six Sigma, a highly disciplined process used by industry-leading organizations to improve business performance.
PAETEC's training was provided by GE's "At the Customer, For the Customer" (ACFC) program, an innovative initiative whereby GE freely shares best practices and processes with its customers to help them grow. PAETEC is a customer of GE Commercial Finance Global Media & Communications. GE - recognized worldwide for popularizing the use of Six Sigma as a methodology to improve business performance - agreed to provide PAETEC with initial Six Sigma training and mentoring.
"Our business relationship with PAETEC extended to Six Sigma training and mentoring," said Damon Werner, Six Sigma Master Black Belt and vice president, ACFC at GE Commercial Finance. "We're introducing PAETEC to the tools that we use everyday to grow our business to help them grow their business."
PAETEC has sent 27 key executives through GE's Six Sigma training program in 2004. Employees attain specific levels of achievement based on proficiency and experience, similar to the martial arts belt system. The goal is for each employee to attain the Six Sigma "white belt" level within three years.
"We are raising our commitment to quality to a higher standard - and ultimately, our customers will benefit," said Tim Bancroft, executive vice president responsible for PAETEC's quality program.
Since the company's inception, PAETEC has adopted standards set by the International Standards Organization (ISO) to document, inspect, and improve all business processes. In 2003, PAETEC achieved a major quality milestone - ISO 9001:2000 certification for all business functions within the company. ISO ensures adherence to business process documentation standards. By adopting Six Sigma, PAETEC has taken business improvement to the next level.
"PAETEC customers will reap the benefits through consistent, superior service and reduced costs," added Jeff Burke, executive vice president at PAETEC. "Exceeding customer expectations in the network quality we provide, the competitive pricing we offer, and our prompt response for support, is the standard we strive towards every day."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., the company boasts one of the highest customer retention rates in the industry.
About GE Commercial Finance Global Media & Communications
With over $5 billion in assets and offices in Atlanta, Chicago, Delhi, Hong Kong, London, New York, Norwalk, and San Francisco, GE Commercial Finance Global Media & Communications represents a "one-stop" source for the comprehensive range of GE's lending and other structured financial services offered to the media, telecom, leisure & entertainment, and technology marketplace. For more information, please visit www.gegmc.com. GE Commercial Finance (www.gecommercialfinance.com) offers businesses of all sizes an array of financial services and products worldwide. With approximately $230 billion in assets and an expertise in the mid-market segment, GE Commercial Finance provides loans, operating leases, financing programs, and innovative structured capital to help customers grow. A wholly owned subsidiary of the General Electric Company, GE Commercial Finance is headquartered in Stamford, Connecticut, USA. General Electric (NYSE: GE) is a diversified services, technology, and manufacturing company with operations worldwide.
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Dec 15, 2004 - PAETEC Launches IP Product Set for Financial Markets
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NEW YORK, NY - PAETEC Communications, Inc., a national communications solutions provider, announced a new suite of products developed to bring the next generation of transport technology to the trading floors and brokerage houses of the financial marketplace.
Internet Protocol (IP) technology is set to dominate the method by which information moves in the financial industry, specifically in voice trading. IP voice trading is attractive for several reasons, including increased operational efficiencies, reduced operational costs, and an inherent disaster recovery capability. So while PAETEC can skillfully satisfy the needs of those firms requesting traditional switched-access voice lines, it is well positioned to focus on IP delivery for the following products:
- Automatic Ring Down
- Manual Ring Down
- Hoot & Holler
- Shared T1 Access
Additionally, PAETEC offers a full-suite of integrated local, long distance, and toll-free services, as well as enhanced data, and communications management services.
"Our goal is to become the premier provider of global high-performance networks that will enable financial firms and their service providers to communicate, access services, share information, and transact business 'on net,' said Brad Bono, co-Chief Operating Officer at PAETEC. "As we move deeper into serving the trading side of the financial community, we have the financial stability, cutting-edge MPLS network, 24/7 customer support, and network diversity to support these mission-critical applications."
As technology advances and changes based on customer needs, one of PAETEC's advantages, according to Bono, is that the company's state-of-the-art IP network contains no legacy equipment, which can be expensive to maintain.
In addition to new products, PAETEC offers customers a financial services team with a wealth of Wall Street telecom experience. John Faccibene, Vice President and General Manager of Financial Markets, and William Wagner, Jr., Vice President of Technology, Financial Markets, bring more than 50 years of combined telecommunications experience to PAETEC, much of that spent working with the financial community.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., the company boasts one of the highest customer retention rates in the industry.
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Nov 30, 2004 - PAETEC Executive to Speak at Oracle OpenWorld
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FAIRPORT, NY - PAETEC Communications, Inc., a national communications solutions provider, announced that Jeffrey L. Burke, Executive Vice President, will speak at the Oracle OpenWorld trade event on Dec. 6 at the Moscone Convention Center in San Francisco.
Burke's presentation, entitled, "Customer-Focused Lean Operations," will cover how PAETEC provides unmatched customer support and efficient operations through the effective balance of people, process, and technology.
Oracle (NASDAQ: ORCL) is a leading enterprise software company. Oracle has combined two premier conferences, its business applications conference - Oracle AppsWorld - and its technology conference - OracleWorld - into one major conference focused on enterprise technology directions - OpenWorld.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., the company boasts one of the highest customer retention rates in the industry.
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Nov 19, 2004 - PAETEC Executive Receives 40 Under 40 Honor
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Rochester, NY - PAETEC Communications, Inc., a nationwide communications solutions provider, announced that Senior Vice President of Finance and Controller Al Chesonis received the Rochester Business Journal's prestigious '40 Under 40' award. This honor is bestowed each year upon exceptional business leaders (40 years of age and younger) in the greater Rochester area.
Mr. Chesonis serves on the board of directors of the Golisano Children's Hospital at Strong Memorial Hospital and is a volunteer commissioner with the Perinton Recreation & Parks Department. He and his wife, Amy, have three children.
Mr. Chesonis has been responsible for PAETEC's accounting operations, business modeling, and financial reporting since its inception in 1998. Mr. Chesonis holds a Bachelors degree in Accounting from the University of Delaware and is a Certified Public Accountant.
About PAETEC
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., the company boasts one of the highest customer retention rates in the industry.
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Nov 05, 2004 - PAETEC CEO to Speak at WSTA Seminar
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New York, NY - PAETEC Communications, Inc., a national communications solutions provider, announced that Arunas A. Chesonis, Chairman and Chief Executive Officer, will speak at the Wall Street Technology Association (WSTA) seminar to be held Nov. 9 at The New Yorker Hotel in New York City.
WSTA, which sponsors the educational seminars, is a non-profit educational organization that focuses on technologies, operational approaches, and business issues for the global financial community.
About PAETEC Communications
PAETEC Communications, Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video enhanced data and communications management services to medium-sized and large businesses, hotels, colleges and universities, hospitals, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., PAETEC boasts one of the highest customer retention rates in the industry.
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Oct 20, 2004 - PAETEC Ranks Among Deloitte Fast 500 for Second Consecutive Year
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FAIRPORT, NY - PAETEC Communications, Inc., a national communications solutions provider, today announced that for the second consecutive year it placed on the Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1999 - 2003, during which PAETEC's revenue grew 1,458 percent.
"Making the Deloitte Technology Fast 500 in consecutive years is a testament to a company's commitment to technology," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "PAETEC has proven that its leadership has the vision and determination to grow in difficult conditions."
"Achieving sustained revenue growth of 1,458 percent over five years is a tremendous accomplishment during a difficult period for the technology sector," Evans added. "PAETEC's substantial growth puts it in select company."
PAETEC ranked 154 on the 2004 Fast 500 list after placing second on the 2003 list. In 2001, PAETEC was one of 25 companies on Deloitte's "Rising Star" list of companies that had been in business between three and five years.
Overall, companies that ranked on the 2003 Technology Fast 500 had growth rates ranging from 329 percent to 437,115 percent over five years, with an average growth rate of 4,109 percent. PAETEC's revenues grew from $23,347,000 in 1998 to $363,670,000 in 2003, reflecting a revenue growth rate over five years of 1,458 percent.
The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD.
Entrants must also be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the companies' operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About PAETEC Communications
PAETEC Communications, Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video enhanced data and communications management services to medium-sized and large businesses, hotels, colleges and universities, hospitals, governmental organizations, financial markets, and affinity groups. Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets and boasts one of the highest customer retention rates in the industry.
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Oct 19, 2004 - PAETEC Signs With Choice Hotels International as Preferred Provider
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SILVER SPRING, Md. - Choice Hotels International, Inc. (NYSE:CHH) today announced an endorsed vendor agreement with PAETEC Communications, Inc., a national communications solutions provider. The agreement with PAETEC gives Choice brand hotels an opportunity to leverage an integrated offering of local, long distance, and toll-free services from PAETEC.
"The endorsed vendor agreement with PAETEC allows Choice Hotels and its licensees the opportunity to align with a company noted for its state-of-the-art communication services and outstanding customer service," said Dan Rothfeld, senior vice president, partner services, Choice Hotels International.
"PAETEC is very proud and excited about our selection as an endorsed vendor for Choice Hotels International," said Charlie Field, vice president of hospitality for PAETEC. "The Choice family of hotel properties provides PAETEC with a tremendous customer profile which will further enhance our hospitality market position."
About Choice Hotels
Choice Hotels International is one of the world's largest lodging franchisers, marketing more than 5,000 hotels open or under development in 45 countries and territories under the Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, MainStay Suites, Econo Lodge, and Rodeway Inn brand names. For more information on Choice Hotels, visit the company's web site at www.choicehotels.com.
Choice Hotels, Choice Hotels International,, Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, MainStay Suites, Econo Lodge, and Rodeway Inn are proprietary trademarks and service marks of Choice Hotels International, Inc.
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Oct 14, 2004 - PAETEC Exceeds 675,000 Access Lines
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FAIRPORT, NY - PAETEC Communications, Inc., a national communications solutions provider, today announced that it has installed 675,816 access line equivalents on its network as of September 30, 2004. This represents an increase of 166,200 access line equivalents in service over the September 2003 total.
"Achieving year-over-year access line growth of nearly 33 percent in an industry and economy that are both still struggling reflects our commitment to the quality of service we provide our customers," said Arunas A. Chesonis, PAETEC's Chairman of the Board and CEO. "It's this passion for quality - coupled with our financial stability - that attracts customers looking for a provider who can manage their telecommunications needs while reducing their costs."
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data, and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry.
Headquartered in Fairport, N.Y.,, PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island,, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Sep 23, 2004 - PAETEC Receives Rochester Business Ethics Award
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Rochester, NY - PAETEC Communications, Inc., a communications solutions provider serving 27 markets nationwide, was named the winner of the 2004 Rochester Business Ethics Award. PAETEC won in the "Large Company" category for businesses with 250 or more employees.
Presented by the Rochester Chapter of the Society of Financial Service Professionals (SFSP) and St. John Fisher College, the award honors the company that best demonstrates a firm commitment to ethical business practices in everyday operations, management philosophies, and in response to crises or challenges.
"PAETEC is honored to receive this award. We constantly strive to run our business in an ethical manner, and to receive this award is further validation of our philosophy," said Arunas Chesonis, chairman and chief executive officer for PAETEC. "While we feel privileged to have been selected, we also want to congratulate the other finalist in our category, Xerox Corp."
Monroe County Supreme Court Justice Francis A. Affronti chaired the judging panel, which reviewed nominations from 75 companies. The award was created in 2003 when SFSP Rochester Chapter President Alan Ziegler wanted to recognize business leaders in Rochester.
"This award celebrates the fact that Rochester has great businesses that lead this community by behaving the right way," Ziegler said. "PAETEC is such a model of how to create a successful business culture that I can't think of a better company to be a flagship for the program."
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Sep 08, 2004 - PAETEC Launches Suite of Video Conferencing Services
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, today unveiled a suite of services that provide customers with a variety of solutions for all of their main video conferencing needs.
"PAETEC is uniquely positioned to handle all aspects of video conferencing, from applications to transport technology to service," says Jack Baron, PAETEC's chief marketing officer. "In the past, video conferencing users often had three or more companies to try to coordinate their conferencing services. Our customers have stressed that they want a single point of contact for all of these services."
Video conferencing is rapidly growing due to many factors, including a reduction in the cost of equipment, more efficient transport methods, a less expensive alternative to time-consuming travel, and higher quality images that use less bandwidth.
PAETEC offers a range of transport options, from accessing the public Internet to the cutting-edge of PAETEC's Multi-Protocol Label Switching (MPLS) private network. MPLS uses Quality of Service (QoS) to prioritize traffic, enabling time-sensitive video information to receive top priority as data travels across the network. Customers can also use traditional ISDN lines.
"The next generation of IP-based video conferencing represents a new paradigm in telecommunications," Baron said. "Our customers can truly integrate high-quality video calls with their data network, incurring no usage charges and often using their existing video equipment."
About PAETEC Communications
PAETEC Communications, Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
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Sep 02, 2004 - PAETEC ISG Re-Certified as Cisco Silver Certified Partner
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Rochester, NY - PAETEC Integrated Solutions Group, Inc., a wholly owned subsidiary of PAETEC Corp. and a sister company of PAETEC Communications, Inc., today announced that it has been officially re-certified as a Cisco Systems (NASDAQ: CSCO) Silver Certified Partner.
This re-certification indicates that PAETEC Integrated Solutions Group (ISG), which designs and implements data networks, has again met the personnel, support, specialization, and customer satisfaction requirements for achieving Silver certification. It further supports ISG's and PAETEC's focus on training and the ability to sell, install, and support Cisco solutions in the United States.
"Attaining this re-certification demonstrates our commitment to remaining a technical leader in our industry," said Jim Lizon, ISG's vice president of sales. "It demonstrates to our customers that we have the technical skills to design and deliver advanced network solutions."
Achieving Silver certification level necessitates proficiency in technology and services specializations, which enables PAETEC to deliver new solutions and value-added services to its customers via ISG. In addition, Silver certification places great emphasis on customer satisfaction, and ISG must meet detailed objectives for the U.S. marketplace outlined by Cisco. According to Lizon, this emphasis on customer service meshes well with PAETEC's stated belief of being passionate about quality.
"Our comprehensive offerings coupled with our commitment to service excellence ensures that our customers receive superior value, service, and flexibility," he said.
About PAETEC Communications
PAETEC Communications, Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 31, 2004 - PAETEC Scholarship Program Created at RIT
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FAIRPORT, NY - PAETEC Communications, Inc., a communications solutions provider serving 27 markets nationwide, today announced the creation of the PAETEC Scholarship Program, an initiative that will provide financial support for students attending the B. Thomas Golisano College of Computing and Information Sciences at the Rochester Institute of Technology (RIT).
Through the PAETEC Scholarship Program, PAETEC will provide $10,000 per year for five years, with the money divided between four to five students each year. In addition to funding scholarships, the Program also supports:
- A summer work program where PAETEC Scholars will be given practical work experience that makes a real contribution to the PAETEC organization;
- Establishing a mentoring program that links PAETEC Scholars with members of the PAETEC team who can encourage, support, and advise scholars as they gain the educational foundation and skills that will help them become tomorrow's competitive employees.
Bob Moore, senior vice president of Information Technology for PAETEC, sees a dual advantage in the new relationship. "We look forward to helping RIT students interested in computing careers take full advantage of their educational opportunities," Moore said. "At the same time, PAETEC stands to benefit by staying current in the industry through our association with a best-of-breed school such as RIT."
These scholarships enhance PAETEC's already robust series of programs dedicated to Higher Education, fostered locally and nationally with Fellowships, scholarships, internships, training and educational programs at many major universities across the U.S., specifically in the Greater Rochester area.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 25, 2004 - PAETEC Opens New Sales Office In Southern California
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Irvine, CA. - PAETEC Communications, Inc., a communications solutions provider of voice and data solutions with local offices in Culver City, Irvine, and San Diego, announced that it has expanded its market footprint in the Southern California region by opening a sales office in Ontario.
"PAETEC recognizes this as a growing area, and as an opportunity for a competitive carrier that caters to medium-sized and large businesses," said Keith Shore, Ontario regional sales manager for PAETEC.
The new office, located at 3401 Centrelake Drive, #450, follows PAETEC's recent opening of a second switch site in Anaheim, and represents its continued growth and stability in Southern California. The office houses both sales and sales support personnel.
"The opening of a fourth sales office in Southern California further validates our belief that PAETEC offers its customers a world-class telecommunications solution," said Mark Szotkowski, PAETEC's vice president of direct sales for the Western Region. "Our philosophy is to create local sales forces that provide a personal level of contact not found anywhere else."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial markets, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 20, 2004 - PAETEC Employees Achieve Bonus Award
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Rochester, N.Y. - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, today announced that its non-commissioned employees received a cash bonus equivalent to approximately 6% of their January-June 2004 regular earnings. PAETEC's bonus distribution has been paid to nearly 700 of its employees, and follows an earlier bonus payout made this year based on 2003 regular earnings.
"While many companies - particularly telecom companies - continue to struggle, PAETEC has again hit its financial targets, thus allowing our employees to realize this bonus payout," said PAETEC Chief Financial Officer Keith Wilson.
PAETEC's bonus calculation was based upon a combination of overall corporate and individual performance. PAETEC's policy is to motivate its employees to work together to achieve positive results for the company while at the same time reward employees individually for their performance.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial service organizations, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 19, 2004 - PAETEC Completes Acquisition of Covista Assets
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ROCHESTER, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that it received final regulatory approvals and has now completed its purchase of a significant base of commercial customers, switches, and related facilities of Covista Communications, Inc. (NASDAQ symbol: CVST).
The total purchase price of $13.5 million was based on annualized revenue of approximately $30 million associated with the selected Covista customers, assets, and facilities. PAETEC gained approximately 6,500 customers through the acquisition, while 49 former Covista employees joined PAETEC. As part of the agreement, PAETEC assumes leases for existing Covista switch facilities in New York and Philadelphia, as well as office locations in Bensalem, Penn., and Paramus, N.J. Covista will also execute a Wholesale Service Agreement to purchase $12 million of services from PAETEC over 24 months.
"Our integration team has worked hard to implement a smooth transition and bring together the best from both companies in terms of people, processes, and technology," said Brad Bono, Chief Operating Officer for PAETEC. "This acquisition provides PAETEC with a strong set of new customers that will strengthen our market-leading position in the medium-to-large commercial segment throughout the Northeast corridor. We welcome our new customers and we're excited to have the opportunity to offer them a full suite of facilities-based data and voice services."
Additionally, PAETEC anticipates partnering with agents that had been working with Covista. "We're eager to share PAETEC's vision with these agents, and to build upon the strong relationships that Covista had nurtured," Bono said.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations, financial service organizations, and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
About Covista
Covista is a facilities-based provider of telecommunications services with a substantial customer base, principally residential and small to medium-sized businesses. Its products and services include a broad range of voice, data and Internet solutions, including long distance and toll-free services, local dial tone and features, calling cards, frame relay, Internet access, VPN, directory assistance and teleconferencing services. Covista currently owns and operates switches in Chattanooga, Dallas and Minneapolis. Covista operates Network Operation; call center and information technology facilities in Chattanooga to monitor its switched network and to coordinate its various services. For information on becoming a Covista customer, please telephone 800-805-1000 or visit the Company's website at www.covista.com.
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Aug 13, 2004 - PAETEC Promotes Five to Senior Vice President
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FAIRPORT, N.Y. - PAETEC Communications, Inc., a communications solutions provider serving 27 markets nationwide, today announced the addition of five new members to PAETEC's Leadership Council by promoting Al Chesonis, Karen Dupke, Bob Moore, Reginald Scales, and Donna Wenk to Senior Vice President. Mr. Chesonis, Mr. Moore, and Ms. Wenk are located in Fairport, N.Y., Ms. Dupke is located in Voorhees, N.J., and Mr, Scales is located in Irvine, Calif.
Mr. Chesonis was named Senior Vice President of Finance and Controller, and has been responsible for PAETEC's accounting operations, business modeling, and financial reporting since its inception in 1998. Prior to joining PAETEC, he held the positions of Director of Public Reporting for U.S. Foodservice and Audit Manager for Price Waterhouse.
Mr. Chesonis serves on the board of directors of the Golisano Children's Hospital at Strong Memorial Hospital and is a volunteer commissioner with the Perinton Recreation & Parks Department. Mr. Chesonis holds a Bachelors degree in Accounting from the University of Delaware and is a Certified Public Accountant.
Ms. Dupke was named Senior Vice President of Account Development for the East and South Regions, and is responsible for the Account Management team, Sales/Service Engineers, Service Order Coordinators, Recruiting, Field Technicians, and a newly created Telemarketing team. Previously, she was the Vice President of Managed Services. Prior to joining PAETEC, Ms. Dupke held the position of Director of Billing and Customer Care, and Controller at Campuslink. She joined PAETEC in 1999 when PAETEC merged with Campuslink.
Ms. Dupke is actively involved with the National Multiple Sclerosis Society and the American Cancer Society. Ms. Dupke holds a Bachelors degree in Accounting and Finance from the University of Michigan.
Mr. Moore was named Senior Vice President of Information Technology, and is responsible for all facets of IT, including systems support, operations, and engineering, as well as application development and deployment. He has been with PAETEC since its inception in 1998. Prior to joining PAETEC, he held the position of Manager of Application Development and Internet Services at ACC Telecom.
Mr. Moore is on the Rochester chapter of the Juvenile Diabetes Research Foundation Board of Directors, The Otetiana Council Board of Directors for the Boy Scouts of America, Rochester Institute of Technology's (RIT) Software Engineering Industry Advisory Board, and a mentor for the Rochester Business Alliance Startup Mentor program. Mr. Moore holds a Bachelors degree in Computer Science from the RIT, and is currently working towards his MBA from Cornell University.
Mr. Scales was named Senior Vice President of Direct Sales for the West and Midwest Regions, responsible for the Direct Sales Organization Channels in those regions. Prior to joining PAETEC, he worked in Sales and Management for LCI International, MCI and ACSI. He has been with PAETEC since 1999.
Mr. Scales is actively involved in the United Way, and has been a constant supporter of the efforts of The DC Hospital Association. Mr. Scales holds a Bachelors Degree in Communications with a Minor in Psychology from Salisbury University.
Ms. Wenk was named Senior Vice President of Account Development, and is responsible for account development, Sales/Service Engineers, and customer service for the Northern Region. She has been with PAETEC since its inception in 1998. Prior to joining PAETEC, she held the position of Director of Revenue Management and was responsible for Account Development and Order Fulfillment at ACC TeleCom. Ms. Wenk has over nineteen years of experience in the telecommunications industry.
Ms. Wenk is on the Board of Directors for the Business Advisory Council for State University of New York Geneseo, the Bivona Child Advocacy Center, and Compeer. Ms. Wenk holds a Bachelors degree in Mathematics and Economics from St. Lawrence University and an MBA from the University of Rochester Simon School, from which she graduated with honors.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 06, 2004 - PAETEC Adds Two Key Financial Markets Executives
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FAIRPORT, N.Y. - PAETEC Communications, Inc., a communications solutions provider of data and voice services, announced that John M. Faccibene and William J. Wagner, Jr., have joined the company as it expands into serving the trading floors and brokerage houses of the financial marketplace. Mr. Faccibene, PAETEC's new Vice President and General Manager of Financial Markets, and Mr. Wagner, PAETEC's new Vice President of Technology, Financial Markets, bring more than 50 years of combined telecommunications experience to PAETEC, much of that spent working with the financial community.
"We're thrilled that John and Bill have joined PAETEC as we move deeper into serving the trading side of the financial community," said Brad Bono, co-chief operating officer. "PAETEC has the financial stability, cutting-edge network, 24/7 customer support, and network diversity to support mission-critical applications from the brokerage houses to the turrets on the trading floor."
Prior to PAETEC, Mr. Faccibene was a founder and managing director of global operations for IXNET, which later was sold to Global Crossing, Ltd., where he was senior vice president of sales engineering. Mr. Faccibene has also worked for Garban as senior vice president of technology, PaineWebber, as corporate vice president of communications, and Dean Witter Reynolds, as vice president of communications.
In 1994, Mr. Faccibene was voted one of the top twenty-five most powerful people in the communications industry by Network World. He has been a senior member of both the Securities Industry Association (SIA) Technology Management Committee and the Wall Street Technology Association (WSTA) Executive Committee. He has served on the boards of numerous software/hardware companies, including NxNetworks, TimeStep, BasketFunds, Bridgewater, and The New York Technical College.
Prior to PAETEC, Mr. Wagner served IXNET as vice president and chief engineer. Mr. Wagner also worked for New York Telephone - later Bell Atlantic - as financial industry corporate liaison before becoming director of financial industry product development for the company's Data Solutions Group. He also had responsibility for Bell Atlantic's corporate relationship with the Securities Industry Association, New York Clearinghouse Association, and Wall Street Telecommunications Association.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 05, 2004 - PAETEC to Build New Regional Headquarters in New Jersey
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Fairport, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that it would build its new regional headquarters in southern New Jersey after considering offers to relocate to Pennsylvania and Delaware.
The company, whose current New Jersey office is located in Voorhees, is expected to choose from among at least six sites in Camden, Cherry Hill, and Moorestown. The new location, which is anticipated to be approximately 100,000 square feet, will serve as a regional headquarters, along with facilities located in Fairport, N.Y., and Irvine, Calif.
"While offers and incentives from Pennsylvania and Delaware made this a difficult decision, we're confident that we looked at it from every angle - not the least of which was the preference of our employees," said Brad Bono, co-chief operating officer at PAETEC. "PAETEC is extremely pleased to be able to remain and expand in South Jersey."
PAETEC has approximately 1,100 employees nationwide, including 100 at its Voorhees, N.J., location. The company plans to add at least 400 jobs in South Jersey during the next five years in connection with the anticipated expansion of local operations.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Aug 02, 2004 - PAETEC boosts IP Data Network to Allow QoS Capabilities
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Rochester, NY - Imagine needing a contract shipped overnight and it was treated the same as a box of staples not expected until next week. Would you be satisfied with how your packages were prioritized? PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announces the addition of Quality of Service (QoS) as a customer-enabled prioritization enhancement to its Multi-Protocol Label Switching (MPLS) private network.
On most traditional private data networks, information is placed in packets that are all treated equally - regardless of the urgency of the content. Using QoS, a customer can designate levels of priority for their traffic over PAETEC's MPLS network, so time-sensitive traffic passes through the network first. While prioritization means everything to the quality of a videoconference or a voice call over IP, the end user will not notice the potential millisecond delay in sending or receiving an e-mail message.
"MPLS was a giant leap into the convergence of voice and data networks. Now the enhancement of our Quality of Service completely revolutionizes how a network may be used," says Jack Baron, chief marketing officer. "Real-time applications such as voice or video over an IP network weren't thinkable before, but can now be easily implemented, providing our customers unprecedented productivity, efficiency, and cost savings."
Quality of Service is the latest benefit to PAETEC's industry-leading, SECURETEC MPLS-based IP network, adding to telecom's lowest latency (delay), highest packet delivery percentage, and most stringent Service Level Agreements.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jul 01, 2004 - PAETEC Helps Raise Over $8,000 for Youth Lifeline Foundation
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, hosted the first annual "PAETEC NFL Experience" - an exclusive event that raised more than $8,000 for the Roland Williams Youth Lifeline Foundation.
The evening event was held on Saturday, June 26, at PAETEC headquarters in Fairport, and was hosted by Rochester native and current Oakland Raider tight end Roland Williams.
The Roland Williams Youth Lifeline Foundation provides life skills programming for thousands of disadvantaged youngsters, and is recognized as one of the prominent celebrity foundations in the United States. PAETEC officials were thrilled to host Williams and an all-star cast of NFL players for an interactive evening with children and adults from the Rochester area. The up-tempo evening featured interaction with the players (including photograph opportunities, as well as "Locker Room 101" and "Chalk Talk With the Pros" seminars), a silent auction of NFL paraphernalia, fast-paced PlayStation games for kids on the giant screens of their Network Operations Center, autograph sessions, and great food and hospitality throughout.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 24, 2004 - UNE Ruling Won't Slow PAETEC's Continued Growth
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, continues to thrive by following an innovative business plan even as recent court rulings potentially restrict access by Competitive Local Exchange Carriers (CLECs) to the networks of Incumbent Local Exchange Carriers (ILECs).
Under the old rules, CLECs were allowed to lease the unbundled network elements (or UNEs) of the networks of large local phone companies for their own use at reduced wholesale prices. To competitors in the telecom industry that rely on UNEs, the recent court ruling means that they could shortly see either increases in wholesale rates, a restriction in availability of certain UNEs, or both. Although questions have been raised regarding the long-term viability of CLECs, PAETEC's success is not dependent on UNEs.
The primary reason that PAETEC is sheltered from the UNE issue is that PAETEC purchases "special access" service from the ILEC to make the connection between the customer premises and the nearest PAETEC point of presence (POP). Special access is a different form of network access that was not affected by the recent decision on UNEs. This separates PAETEC from most other CLECs.
"While we cannot speak to the issues and financial implications facing the competitive industry as a whole as a result of this issue, we are confident that PAETEC's profitable business plan, particularly our wholesale cost structure, is insulated from this period of regulatory uncertainty," said Brad Bono, co-chief operating officer for PAETEC. "We will continue to provide our customers with superior telecommunications service at the competitive prices they have come to expect."
Because special access is a service, not just a piece of the ILEC's network, PAETEC receives a greater degree of cooperation and attention from the ILEC throughout the ordering, provisioning and maintenance process than it would if it were purchasing UNEs.
This underscores PAETEC's commitment to its customers, according to Bono. "Given the critical importance of good customer service in PAETEC's business plan, getting the best quality service from our own network suppliers is imperative," he said.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 24, 2004 - PAETEC Wins Phoenix Award From Blackstone Group
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced today that the Private Equity sector of The Blackstone Group recently granted PAETEC the coveted Blackstone "Phoenix Award."
Earlier this year, Blackstone hosted its first annual Portfolio Company CEO Conference in Florida, bringing together many CEOs from Blackstone's wide spectrum of portfolio companies, as well as many of the Group's own investment professionals. The conference invited these individuals to come together to share ideas and discuss ways to work together more effectively in the future.
The CEOs attended an awards dinner to honor former and current members of The Blackstone Group, as well as to present awards to deserving portfolio companies. Mark Gallogly, Senior Managing Director and head of Blackstone's Private Equity group, introduced a newly created award - the Blackstone "Phoenix Award" - and presented it to PAETEC chairman and CEO Arunas Chesonis.
"The Blackstone Group is pleased to recognize Mr. Chesonis for his leadership in guiding PAETEC through recent difficult operating environments," Gallogly said. "In the particularly competitive landscape of the local telecom exchange business, many companies, like the Phoenix, consumed themselves, but did not rise from the ashes as PAETEC has, growing its customer base and profitability despite what Mr. Chesonis calls the 'nuclear winter of telecom.'"
"The Blackstone Group has been tremendously supportive to PAETEC since our relationship got started in early 2000," said Chesonis. "Their world-class expertise and advice have been instrumental in helping our organization flourish. We're honored to be the first recipient of this meaningful award."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
About the Blackstone Group
The Blackstone Group, a private investment and advisory firm with offices in New York, London and Hamburg was founded in 1985. BAAM, the firm's marketable alternatives multi-manager investment management business, was formed in 1990 and has approximately $9 billion in discretionary marketable alternative assets. BAAM has grown to 45 experienced professionals with deep experience in capital markets, portfolio management, risk management, auditing and client service. The Blackstone Group's other five core businesses are Corporate Advisory Services, Restructuring and Reorganization Advisory, Private Equity Investing, Private Real Estate Investing, and Corporate Debt Investing. The Blackstone Group has raised over $32 billion across its alternative asset management businesses.
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Jun 16, 2004 - PAETEC Expands Its Network Presence In Southern California
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Irvine, CA. - PAETEC Communications, Inc., a communications provider of voice and data solutions with local offices in Los Angeles, San Diego, Irvine and Ontario, announced today that it has expanded its telecom network capabilities in the Southern California region by opening a second switch in Anaheim.
The new switch, installed due to PAETEC's tremendous market growth over the past four years, will provide increased network capacity and redundancy allowing greater numbers of Southern California businesses to access cost-effective data and voice communications solutions with PAETEC's high-quality network.
Sharon LaMantia, PAETEC's senior vice president of operations cited rapid business development in California as an example of the company's dramatic growth across the country. "As more businesses across the United States are taking advantage of our world-class offerings, continued expansion in a vital state such as California strengthens PAETEC's footprint and provides essential, cost-effective communications options for businesses," said LaMantia.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 14, 2004 - PAETEC Expands Its Network Presence In Chicago
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CHICAGO, Illinois - PAETEC Communications, Inc., a communications provider of voice and data solutions with local offices in Chicago, announced today that it has expanded its telecom network capabilities in the region. The company has opened Points of Presence (POPs) in Joliet and Naperville, allowing greater numbers of Chicago-area businesses to access cost-effective data and voice communications solutions with PAETEC's high-quality network.
"I have been impressed with PAETEC's ability to deliver a broad range of voice and data services backed by an intense focus on meeting their customers' needs," said telecommunications consultant John Thompson, of Thompson, Ross and Associates. "PAETEC's ability to extend its reach in Illinois through the opening of these new POPs will further help the company reduce costs and provide additional diversity solutions for its customers."
Dan Maynard, vice president of sales in Chicago cited rapid business development in Illinois as an example of the company's dramatic growth across the country. "As more businesses across the United States are taking advantage of our world-class offerings, continued expansion in a vital state such as Illinois strengthens PAETEC's footprint and provides essential, cost-effective communications options for businesses," said Maynard.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 09, 2004 - PAETEC's Kathy Hill Elected President of NTDE Board of Directors
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Rochester, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, today announced that Kathy Hill, Director of Revenue Assurance for PAETEC, has been elected President of the Board of Directors for the National Telecommunications Data Base Exchange (NTDE).
Founded in 1993 by eight of the nation's leading telecommunications carriers, NTDE is a not-for-profit corporation dedicated to promoting the exchange of information among telecom providers. The organization has 35 members and is governed by an eight-member Board of Directors, including representatives from AT&T, BellSouth, PAETEC, Global Crossing, MCI, Sprint and Verizon.
Hill was initially elected for a one-year term to the Board of Directors in September of 2002. Subsequently, she served as secretary and treasurer for the group for the past two years, and, during a quarterly board meeting in Phoenix this past May, was elected President of the Board. "I am thrilled to be involved with an organization interested in working cooperatively to reduce financial risk in the telecom industry," she commented. "As newly elected president I look forward to helping NTDE advance."
Brad Bono, chief operating officer of PAETEC Communications, expressed congratulations to Hill and support for the NTDE. "The ability to obtain and exchange data regarding potential credit and fraud risks on new service applicants through the NTDE has saved PAETEC thousands of dollars throughout the years. I would recommend that all telecommunications companies that service commercial customers utilize this excellent tool to help minimize bad debt within their companies."
According to Alice Haslam, NTDE's Executive Director, "NTDE is delighted to have a PAETEC representative acting as president of our board. As a leader in the CLEC industry, PAETEC has distinguished itself for its insight, innovation, and industry expertise. Kathy Hill has played an active role with NTDE for many years and we look forward to the knowledge and energy she will bring to the board as president."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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Jun 07, 2004 - PAETEC CEO shares keynote stage at The Entrepreneurial Institute
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ROCHESTER, NY. - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that Arunas Chesonis, president and CEO of PAETEC Communications and David Neeleman, CEO of JetBlue Airways were the keynote speakers at The President Forum held in May at the Helmsley New York Hotel in New York City.
The Entrepreneurship Institute (TEI), a national non-profit organization, sponsored the premier educational forum on May 6th and invited Mr. Chesonis to speak to over 120 CEOs, presidents and business owners about PAETEC's culture and its focus on employee ownership and family values.
According to Deloitte's annual Fast 500 ranking, PAETEC has grown more than 192,000 percent since its inception in 1998, and is one of the most successful companies in its industry -- an achievement that many attribute to Mr. Chesonis's vision and leadership.
"Arunas's message of encouraging employees to balance life with work, as well as giving employees a feeling of ownership in the business, is one I believe every president and CEO in our audience valued," said Jan Zupnick, president of The Entrepreneurial Institute, "especially since he was able to illustrate how he has succeeded in carrying out those practices at PAETEC."
"It was gratifying to share how a strong workplace culture breeds employee loyalty, which has helped to make PAETEC the success it is today," Mr. Chesonis stated. "Our mission to be the nation's most customer- and employee- oriented communications provider has proven to be a significant differentiator in today's telecommunications climate. We stayed true to our vision while transitioning from a technology start-up to a small-cap company, and we will do so as PAETEC continues to grow."
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of fastest growing technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington D.C., and Western Massachusetts.
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May 27, 2004 - PAETEC will acquire selected customers and facilities of Covista
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ROCHESTER, NY - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that it has signed a definitive agreement to purchase a significant base of commercial customers, switches, and related facilities of Covista Communications, Inc. (NASDAQ symbol: CVST) The transaction is expected to close during the third quarter of 2004 and is subject to, among other conditions, obtaining final regulatory approvals.
"This agreement brings built-in strategic advantages," said Brad Bono, Chief Operating Officer for PAETEC. "It enhances our business model with the addition of a strong set of new customers that will strengthen our market-leading position in the medium-to-large commercial segment throughout the Northeast corridor, and it brings us opportunities to offer a full suite of facilites-based services to those customers. Our integration team is developing a plan to move quickly to achieve a smooth transition and bring together the best from both companies in terms of people, processes, and technology."
Subject to final adjustment on closing, PAETEC will pay a cash amount based on a multiple of monthly operating revenue of approximately $2.7 million associated with the selected Covista customers, assets and facilities. Payment is due in three installments over an agreed-upon transition period, with the majority payable upon closing. In addition, PAETEC will assume leases for existing Covista switch facilities in New York and Philadelphia, as well as office locations in Bensalem, PA and Paramus, NJ. Covista will also execute a Wholesale Service Agreement to purchase $12 million of services from PAETEC over 24 months.
The closing of the acquisition is expected to boost PAETEC's revenues, which were over $100 million during the first quarter of 2004. Bono added that the acquisition will enhance positive operating cash flow and bolster the more than $19 million in EBITDA that PAETEC generated in the first quarter. The acquisition is also expected to contribute at least $.05 per fully diluted share in net income for the company during 2005.
About PAETEC Communications
PAETEC Communications Inc. is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and affinity groups. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
About Covista
Covista is a facilities-based provider of telecommunications services with a substantial customer base, principally residential and small-to-medium sized businesses. Its products and services include a broad range of voice, data and Internet solutions, including long distance and toll-free services, local dial tone and features, calling cards, frame relay, Internet access, VPN, directory assistance and teleconferencing services. Covista currently owns and operates switches in Chattanooga, Dallas and Minneapolis, as well as in New York City and Philadelphia, which are to be sold to PAETEC. Covista operates Network Operation call center and information technology facilities in Chattanooga to monitor its switched network and to coordinate its various services. For information, please telephone 800-805-1000 or visit the Company's website at www.covista.com.
Statements in this news release regarding PAETEC's expected financial condition, revenues, operating cash flow, EBITDA, net income and other operating results, cost savings, operational efficiencies and other potential benefits of its proposed acquisition of the Covista assets and other planned events and expectations are forward-looking statements that involve risks and uncertainties. Actual future results or events may differ materially from these statements and are subject to various risks, including risks relating to the Company's business, operations and financial performance, the industry in which it operates, its ability to integrate acquired companies successfully, general economic and business conditions, competition, adverse changes in the regulatory or legislative environment, and various other factors beyond the Company's control. PAETEC expressly disclaims any obligation to update any forward-looking statements whether to reflect events or circumstances after the date of this news release or otherwise.
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May 20, 2004 - PAETEC endorsed by Florida Association of Community Health Centers
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ROCHESTER, New York - PAETEC Communications, a communications solutions provider serving 27 markets nationwide, announced that the Florida Association of Community Health Centers (FACHC) has endorsed PAETEC Communications as its provider of choice for local, long distance and high-speed Internet access services.
FACHC is the leading state advocate for community-based health care programs, and performs a vital role in educating federal, state and local policymakers about issues relating to health care and the role of the health centers. According to Andy Behrman. President and CEO of the Association. "PAETEC has a deep understanding of our industry and is thus well equipped to offer specialized voice and data products and services that benefit FACHC members."
"This endorsement is gratifying, as it comes from one of the most prominent organizations in Florida's healthcare industry," said Joe Ambersley, PAETEC's president for its southern region. "As PAETEC's reach has grown to encompass more than 850 healthcare facilities nationwide, our reputation has been built upon providing great solutions and service to healthcare industry customers."
About PAETEC
PAETEC Communications Inc. is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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May 18, 2004 - PAETEC Communications hosts Executive Insights Seminar
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CHICAGO - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced that it sponsored "Executive Insights," an exclusive morning seminar geared for CEOs and business leaders, on May 18th at the Radisson O'Hare in Rosemont.
The seminar was guided by world-renowned author, public speaker and business trainer Kraig Kramers, founder of the popular "CEO Tools" website. Mr. Kramers, an eight-time veteran CEO, puts easy-to-use management tools directly in participants' hands to help them tighten up the nuts and bolts of their businesses, tune up performance with customers, and enhance managerial success.
"Kraig Kramers' CEO TOOLS is a value-laden resource driven by one of the most respected and experienced trainers in business today," said Dan Maynard, PAETEC's vice president of sales in the Chicago region. "Participants had an opportunity to discover for themselves what a world-class CEO has to say about generating and measuring great results in business."
Maynard added that door proceeds from this and similar PAETEC Executive Insights seminars around the U.S. will be donated to the Make a Wish Foundation. "These events provide a quality forum for networking and dialogue with the business community and allow PAETEC to continue to practice good corporate citizenship, which is a mainstay of our company culture," he commented.
About PAETEC
PAETEC Communications Inc. is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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May 17, 2004 - PAETEC launches audio and web-based Conference Calling
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ROCHESTER, NY. - PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, announced today that enhanced audio and web-based Conference Calling has been added to its portfolio of services for customers.
Through this convenient service, customers take ownership of a bridge number that can be used at any time. The service enables free web-based conferencing with new enhanced desktop sharing capabilities, allowing the conference chairperson to share any application via a simple web based interface. Full-featured, operator-controlled conferencing is also available for large, formal conferences that are fully operator-controlled.
"Conferencing is a one of several valuable offerings that reflect PAETEC's versatility in serving customer needs as a comprehensive single-source provider," said Jack Baron, Chief Marketing Officer at PAETEC. "Our conference calling system is based on fully redundant platforms, giving customers peace of mind - and there are no recurring charges or commitments, meaning they only pay for their usage of the service."
About PAETEC
PAETEC Communications Inc. is a communications solutions provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and associations. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boca Raton, Boston, Buffalo, Chicago, Connecticut, Delaware, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Poughkeepsie, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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Apr 21, 2004 - PAETEC Announces Advantage Business Line
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Rochester, NY - PAETEC Communications Inc., an integrated communications provider serving 27 markets nationwide, today announced the availability of Advantage Business Line, a new, integrated suite of enhanced telephony products for businesses that provides local telephone service with features to support corporate headquarters and branch locations.
Advantage Business Line includes over 20 a la carte productivity-enhancing options for business telephone users. Businesses can now serve local or remote branches with a range of custom-calling features, including Caller ID, Call Waiting, Call Forward, Remote Call Forward, Three-Way Calling, and Speed Calling. Advantage Business Line options can be purchased individually, or in bundled packages of three, six, and ten features.
Advantage Business Line provides PAETEC customers nationwide with a single point of contact for service and one monthly bill, as well as back-up local telephone service for existing T1 subscribers and new customers.
"We've named this offering 'Advantage Business Line' because it truly provides an advantage to customers," said Brad Bono, Chief Operating Officer at PAETEC. "The benefit of being served by a single provider means there's just one place to call to add services, resolve service issues, or discuss ways to improve telecom operations. And one easy-to-read invoice gives customers a firm grip on all their telecom expenses."
Now available in Florida, Massachusetts, and New York State, the Advantage Business Line service will roll out into other markets in the Northeast and Western regions in the second and third quarter of this year.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and affinity groups. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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Apr 21, 2004 - PAETEC Named as Avaya Channel Partner in 27 U.S. Markets
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ROCHESTER, NY -- PAETEC Communications Inc., a communications solutions provider serving 27 markets nationwide, today announced that Avaya, Inc. has selected PAETEC to serve as one of its authorized Channel Partners.
This decision leverages PAETEC's broad experience in providing integrated telecommunications solutions on a national scale, and recognizes the company's growing expertise in IP telephony and data services. PAETEC is fully authorized to sell, install, configure, maintain, and service the broad range of Avaya's world-class enterprise products. This capability underscore's PAETEC's industry-leading capabilities in providing integrated voice and data telecommunications solutions for medium- and large-sized businesses in the markets they serve.
"PAETEC and Avaya have enjoyed a healthy business relationship for several years, and it is an honor to be designated as an Avaya Channel Partner," said Arunas A. Chesonis, Chairman and CEO of PAETEC. "As a result of our partnership, PAETEC has developed a great deal of technical knowledge and expertise in supporting the Avaya product line. Combined with our industry-leading customer service, Avaya customers today enjoy the finest telecommunications equipment and support that the industry has to offer."
"We believe PAETEC's managed solution focus on key vertical markets will deliver real value to customers in those industries," said Todd Meister, Vice President of Channel Strategy at Avaya. "PAETEC combines vertical industry knowledge with a total solution approach, and that is why we believe this partnership holds great promise for our companies and our customers."
About Avaya
Avaya Inc. designs, builds and manages communications networks for more than 1 million businesses worldwide, including 90 percent of the FORTUNE 500. Focused on businesses large to small, Avaya is a world leader in secure and reliable Internet Protocol (IP) telephony systems and communications software applications and services.
Driving the convergence of voice and data communications with business applications, and distinguished by comprehensive worldwide services, Avaya helps customers leverage existing and new networks to achieve superior business results.
About PAETEC Communications
PAETEC Communications Inc., a subsidiary of PAETEC Corp., is an integrated communications provider offering broadband services, including advanced voice and video, enhanced data and communications management services to medium-sized and large businesses, colleges and universities, hospitals, hotels, governmental organizations and affinity groups. The company boasts one of the highest customer retention rates in the industry, and recently achieved the number two ranking on the acclaimed Deloitte Fast 500 list of high technology companies in North America.
Headquartered in Fairport, N.Y., PAETEC serves customers in 27 U.S. markets, including: Albany, Baltimore, Boston, Buffalo, Chicago, Connecticut, Fort Lauderdale, Long Island, Los Angeles, Miami, New Hampshire, New Jersey, New York City, Orlando, Orange County, Philadelphia, Pittsburgh, Rhode Island, Rochester, San Diego, Northern Virginia, Syracuse, Washington DC, and Western Massachusetts. PAETEC currently has over 1,050 employees.
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Apr 08, 2004 - SAP Chief Executive William R. McDermott Joins PAETEC Board
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Rochester, NY - PAETEC Communications Inc., an integrated communications provider serving 27 markets nationwide, announced today the appointment of William R. "Bill" McDermott, chief executive officer and president of enterprise software leader SAP America, Inc., to its Board of Directors.
"We are thrilled that Bill McDermott has agreed to join our Board," said Arunas A. Chesonis, Chairman and CEO. "He is a widely respected corporate leader with an outstanding track record of achieving growth for the companies with which he's worked. His business know-how will be of immeasurable benefit to PAETEC."
An award-winning corporate leader, Mr. McDermott, 42, has earned a reputation for engineering phenomenal business performance. In his first year at the reins of SAP America, the company delivered four consecutive quarters of significant market share gains and revenue increases, as well as improved employee and customer satisfaction. He has sustained that growth, managing SAP's strategic business operations in the United States and Canada with more than 5,000 employees.
Before joining SAP, Mr. McDermott was executive vice president for worldwide sales at Siebel Systems, where he led global sales and field operations. He also served as president of Gartner Inc., overseeing its research, consulting, measurement, software, interactive business operations, as well as its global sales and service operations.
Mr. McDermott spent 17 years at Xerox Corp., where he rose steadily through the ranks of the sales and marketing divisions as well as executive management, eventually becoming the firm's youngest corporate officer and division president.
In 1997, Mr. McDermott's team received the Baldrige Award, the nation's highest honor for business performance. It is presented annually by the President of the United States for outstanding achievement in leadership, strategic planning, customer and mark