Exodus Communications

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Exodus Communications
IndustryInternet services
Defunct2001 (2001)
FateChapter 11 bankruptcy; purchased by Cable & Wireless

Exodus Communications was an Internet hosting service and Internet service provider to dot-com businesses. Along with many of its customers, Exodus experienced the bursting of the dot-com bubble, and declared Chapter 11 bankruptcy in 2001. Exodus was purchased by Cable and Wireless.[1]

Exodus acquired American Information Systems, Cohesive, Arca Systems, and Network-1's professional services division. In December 1999, Exodus headed by Ellen Hancock CEO acquired Global OnLine Japan (GOL), Japan's first ISP,[2] launched in 1994 by a Canadian entrepreneur, Roger J. Boisvert together with his wife, Yuriko Hiraguri.[3] Exodus opened its Tokyo IDC in April 2000 together with Nomura Research Institute. In September 2000, the company bought GlobalCenter, Global Crossing's webhosting unit, for $6.5 billion in stock. By the time the deal closed in January 2001, the stock was only worth $1.95 billion.[4]

In January 2003, Cable and Wireless Japan sold Global OnLine Japan to Japanese VoIP operator Fusion Communications,[5] merging its existing consumer Internet and VoIP efforts to create Fusion Network Services. The Fusion group was later acquired by Rakuten Group.[6]

In March 2004, Cable and Wireless America, including the Exodus assets, were acquired by SAVVIS.[7] Cable and Wireless Japan sold its IDC operations to the SoftBank Group in February 2005.[8]

References[edit]

  1. ^ "Cable & Wireless to Buy Exodus Assets, Contracts". LA Times. 1 December 2001. Retrieved 18 January 2018.
  2. ^ "Exodus to Acquire ISP Global OnLine Japan - InternetNews". InternetNews. 1999-11-25. Retrieved 2012-08-06.
  3. ^ "Daring to Be Different -- Tokyo's GOL: An Idiosyncratic Success Story | Japan -- Business People Technology | www.japaninc.com". www.japaninc.com. Retrieved 2020-03-20.
  4. ^ DOUGLASS, ELIZABETH (October 14, 2001). "Global's Lost Connection". Los Angeles Times.
  5. ^ "News Release 2003 FUSION COMMUNICATIONS CORP". Fusioncom.co.jp. Retrieved 2012-08-06.
  6. ^ "Rakuten press release".
  7. ^ "Medium Business to Enterprise - Business Solutions by CenturyLink". www4.savvis.net. Retrieved 2018-10-28.
  8. ^ "Completed acquisition of Cable and Wireless IDC | SoftBank Group Corp". SoftBank Group. Retrieved 2020-03-20.