please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2007 learn how and when to remove this template message verio inc. industry web hosting founded 1996 headquarters 8005 s chester st. suite 200 centennial co 80112 key people hideyuki yamasawa president and chief executive officer parent nippon telegraph and telephone ntt communications website http www.verio.com verio is a global web hosting provider headquartered in the united states . incorporated in 1996 in denver colorado it is a wholly owned subsidiary of nippon telegraph and telephone ntt communications which acquired the company in 2000 . verio was formed from a consolidation of over 200 smaller internet service providers isps . 1 contents 1 history 2 some of the isps purchased by verio 3 see also 4 notes 5 external links 5.1 partners history edit verio was founded by justin jaschke with several of his senior management team from onecomm as well as darin brannan and venture capitalist mr. steven c. halstedt in 1996 with a mission of becoming the largest isp hosting company for the smb mid market business segment through a national infrastructure supported by local technical sales and servicing capabilities from acquired isp hosting companies . originally named world net access verio raised substantial funds 1.1 b with which to purchase isps around the united states and europe . it was funded by the principal founders private investors ntt and institutional investors in a private placement . the concept was to roll up small isps into one large national isp and achieve economies of scale . on march 9 1998 verio s president mark d. johnson suffered a heart attack and died while on a business trip . by the year 2000 verio had purchased almost fifty small isps most in the u.s. but some in europe . during this time verio went public on the nasdaq trading under the symbol vrio . in early 2000 verio was sold to ntt at a per share price of 73 a total cost slightly exceeding 5 billion . because ntt was a 53 % japanese government owned company foreigners were not allowed to own ntt stock according to japanese law at the time 2 and therefore the buy out was a 100 % cash deal . the united states congress held hearings over the transaction to ensure it did not violate national security concerns . the justice department and the federal bureau of investigation expressed concern that the japanese government which owned 53 percent of ntt at the time could gain access to classified information should the u.s. government use verio s network to tap internet communications during an investigation . to placate these concerns ntt agreed to form a separate division within the company staffed only by u.s. citizens to handle any work in support of government investigations . as a result the committee on foreign investment in the united states recommended that president clinton allow the 5.5 billion purchase to proceed . the deal also prompted scrutiny of japan s openness to foreign telecom competitors . shortly after the announced deal the nasdaq stock market crashed in the spring of 2000 in the dot com bubble burst . the agreed price of 73 remained and ntt and verio completed the transaction by the fall of 2000 . over the course of the next few years verio abandoned the lower revenue consumer internet access market and focused primarily on the more lucrative business to business web hosting market . much of the original infrastructure and employees it had purchased were disbanded or consolidated into a few large centralized data centers . verio continues to operate as a wholly owned subsidiary of ntt communications . at the end of 2005 the backbone and some dedicated hosting centers moved to ntt america with the web hosting business staying with verio . at the same time the european arm verio europe was moved in its entirety to ntt europe . in october 2006 verio europe was renamed ntt europe online . some of the isps purchased by verio edit verio was initially built on a business model known as a rollup composed entirely of smaller companies operating under the verio brand name . by the year 2000 verio had purchased almost 50 small isps 3 most in the us but also in europe ranging in price from under us 1 million to over us 100 million per isp . these companies were often mature and well known brand names in their local markets more well known than verio and often continued to operate with a great deal of local autonomy even after purchase by verio . some of the isps purchased by verio were leading pioneers in the isp industry digital nation northwestnet representing the first wave of commercial isp access in regional markets around the us and europe . some 4 5 6 of these companies included access one accessone.com western washington aimnet aimnet.com santa clara california atmnet atmnet.net san diego california best internet communications mountain view california branch net branch.net branch.com ann arbor michigan ccnet ccnet.com walnut creek california clarknet clark.net clarknet.net columbia maryland communique cmq.net gulf south compute intensive inc. computech spokane washington computing engineers inc. dba worldwide access wwa.com wwa.net chicago illinois digital nation dn.net alexandria virginia florida internet flinet.com south florida global enterprise services ges.net ges.com jvnc.net new jersey global internet network services globalinternet.com formerly midnet mid.net lincoln nebraska hiway technologies hiway.com . net hway.com . net rapidsite.com . net boca raton florida internet engineering associates inc. internet now inc. inetnow.net atlanta georgia internet servers inc. iserver.net iserver.com secure.net orem utah long island internet li.net long island new york magicnet magicnet.net orlando florida monumental network services monumental.com . net mns.com . net mnsinc.com . net chantilly virginia national knowledge network nkn nkn.net nkn.com nkn.edu dallas texas network intensive ni.net compute.com irvine california new york net new york.net new york city northwestnet nwnet.net bellevue seattle washington ns net ns.net sacramento california onramp onramp.net dallas texas pacific rim pacificrim.com pacificrim.net bellingham washington packetworks packet.net tampa bay florida pioneer global pioneerglobal.com pn.net wing.net new england prepnet prep.net prepnet.net prepnet.com pittsburgh pennsylvania qualnet iagnet qual.net qualnet.net iagnet.net cic.net cyberdrive.net harborcom.com cleveland ohio rainet rain.net rain.com oregon rustnet rust.net michigan servicetech servtech.com rochester new york sesquinet sesqui.net houston texas signet sig.net austin texas smartconnect smartconnect.net mclean virginia spacelab spacelab.net mxol.com new york city starnet starnet.net st. louis missouri structured structured.net sns access.com oregon surf networks surfnetwork.net p3.net dynanet.net philadelphia pennsylvania tab net tab.net tabnet.net criticalpath.net cp.net napa valley california terranet terra.net terranet.net terranet.com new england web communications webcom.com santa cruz california west coast online wco.com rohnert park california www service regensburg germany see also edit register.com v. verio notes edit http www.viaverio.com page id 134 late starter ntt moves on u.s. europe keith dawson industry standard s media grok email newsletter may 09 2000 . the internet data services report archived september 27 2007 at the wayback machine . morganstanley 11 august 1999 p. 30 . verio inc. consolidates affiliates reinforces position as leading national internet company for business and institutions business wire find articles at bnet.com sec info verio inc 10 k a for 12 31 99 verio grows big with small clients east bay business times external links edit official website gohring nancy . verio to shut off controversial web site the washington post may 1 2007 ntt europe online gmbh verio in germany ntt europe online gmbh verio in france ntt europe online gmbh verio in uk ntt europe online verio in spain partners edit veriolatina for latin america v t e nippon telegraph and telephone main companies autoweb communication inc hknet nippon telegraph & telephone east corp nippon telegraph & telephone west corp ntt communications ntt communicationware corp ntt comware corp ntt data corp ntt facilities inc ntt finance japan co ltd ntt leasing co ltd ntt worldwide telecommunications corp ntt america inc. ntt europe ltd main services verio plala open computer network media and broadband companies docomo pacific mobile networks ntt docomo ntt docomo usa tata docomo related articles omiya ardija ntt publishing retrieved from https en.wikipedia.org w index.php title verio & oldid 743429875 categories companies based in denvercompanies established in 1996internet service providers of the united statesnippon telegraph and telephoneweb hostingntt communicationshidden categories articles with wayback machine linksarticles needing additional references from may 2007all articles needing additional references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 9 october 2016 at 16 33 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view