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|Fate||Chapter 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.
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, launched in 1994 by a Canadian entrepreneur, Roger J. Boisvert together with his wife, Yuriko Hiraguri. 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.
In January 2003, Cable and Wireless Japan sold Global OnLine Japan to Japanese VoIP operator Fusion Communications, merging its existing consumer Internet and VoIP efforts to create Fusion Network Services. The Fusion group was later acquired by Rakuten Group.
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