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  September 5, 2001
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Home > Company Index > Telecommunications > Internet & Online Service Providers > Verado Holdings, Inc.

Verado Holdings, Inc.
Nasdaq: VRDO
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 PROFILE
Web hosting company Verado Holdings wants its customers to feel comfortable leaving their data in the wide open spaces of the American West. The company, formerly FirstWorld Communications, operates nine data centers and offers managed hosting services in five western states. It has sold its Internet access, Web integration, and telecommunications services operations. Chairman Donald Sturm owns 37% of Verado and holds 63% of the voting power; investment firm Texas Pacific Group owns a 29% equity stake. The Verado name, adopted in 2001, combines "veritas" (Latin for truth) with the company's Colorado home.

 COMPETITION
Exodus Communications, Inc. (EXDS)
Inflow, Inc. (dossier)

 DEALS
Deal: FirstWorld, Microsoft Ink Development Deal
Date Announced: 02.14.00
Value of transaction (US $Mil): 12
Description: Internet service provider and software giant team to develop ASP technology for small businesses.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 8.20
1-Yr. Sales Growth: (85.0)%
Employees: 720
Revenue per employee: $11,388.89

 KEY PEOPLE
• J. Thomas McGrath
    CEO
• Steven D. Butler
    CFO

 CONTACT INFO
8390 E. Crescent Pkwy., Ste. 300
Greenwood Village, CO 80111
US
Phone: 303-874-8010
Fax: 303-874-2479
Online: Web Site

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