for the soccer stadium formerly known as paetec park see sahlen s stadium . paetec holding corporation former type public traded as nasdaq paet industry business voice and data telecommunications fate acquired by windstream communications founded rochester new york may 1998 1998 05 defunct december 2011 headquarters perinton new york area served california delaware florida iowa michigan new jersey new york north carolina pennsylvania south carolina virginia key people arunas a. chesonis ceo chairman & founder of paetec richard t. aab vice chairman & co founder of us lec services voice services data services software solutions customer premises equipment leasing managed services revenue us 1624 million 2010 1 operating income us 45 million 2010 1 net income us 58 million 2010 1 total assets us 2008 million 2010 1 total equity us 137 million 2010 1 number of employees 4639 2010 1 subsidiaries 47 total 2010 2 website www.paetec.com paetec holding corporation was a fortune 1000 telecommunications company headquartered in perinton new york united states . 3 it was founded as the private company paetec communications inc. in 1998 by arunas a. chesonis . in 2007 it merged with us lec and then cavalier telephone company and became a publicly traded company and in 2011 it was acquired by windstream communications . paetec provided local and long distance voice services data and internet services and software applications among others . paetec provided service to medium and large businesses colleges and universities hospitals hotels governmental organizations and other institutions within its service area . contents 1 awards and recognition 2 mergers and acquisitions 3 name origin 4 controversy 5 other 6 references 7 external links awards and recognition edit paetec was the recipient of various local and national business awards . 2010 frost & sullivan customer value enhancement award for voip and sip trunking products 2010 named to fortune 1000 list of america s largest companies 2009 9 best large company to work for in new york 2008 10 best large company to work for in new york 2006 competitive local exchange carrier clec best in class service partner award from telecom researchers atlantic acm 2006 philanthropy award for outstanding corporation from the genesee valley chapter of the association of fundraising professionals rochester ny 2005 american business ethics award for a mid sized company ranked 2 on the 2003 deloitte fast 500 a ranking of the 500 fastest growing technology companies in north america . rankings were based on average percentage revenue growth over five years from 1998 2002 . paetec grew 192 % percent during this period . mergers and acquisitions edit september 9 1999 purchased campuslink communications systems a privately owned telecommunications company based in ann arbor mich. august 19 2004 purchased covista north east call zone covista still privately owned company also operating as total tel january 4 2005 purchased american long lines a privately owned telecommunications company . february 28 2007 acquired charlotte nc based telecommunications company us lec becoming the publicly traded paetec holding corp october 12 2007 acquired allworx corp february 8 2008 acquired mcleodusa december 6 2010 acquired cavalier telephone corporation december 28 2010 acquired fts ltd. subsidiary leap revchain may 31 2011 acquired xeta technologies inc. december 1 2011 acquired by windstream communications paetec owned the naming rights to paetec park a soccer specific stadium in nearby rochester new york from its opening in 2006 to 2008 . name origin edit former headquarters in perinton new york now a windstream regional office the name paetec was derived from the initials of the first names of its founder s wife pam and four children adam erik tessa and emma . in earlier days the name was displayed as paetec communications inc. after the acquisition of us lec the new merged entity became paetec holding corp. however the company is simply referred to as paetec . controversy edit since its acquisition paetec has been listed several times as the provider of voip services to phone scammers . 4 5 6 other edit october 16 2007 new york state governor eliot spitzer and paetec ceo arunas chesonis announced plans to tear down rochester s midtown plaza to build a new corporate headquarters . 7 these plans have since been scaled back significantly . paetec sponsored rochester institute of technology s imagine rit innovation and creativity festival on may 3 2008 . 8 references edit a b c d e f paetec holding corporation 2011 03 16 form 10 k for the year ended december 31 2010 washington d.c. u.s. securities and exchange commission file 000 52486 film 11692382 retrieved 2011 03 28 paetec holding corporation 2011 03 16 form 10 k for the year ended december 31 2010 washington d.c. u.s. securities and exchange commission exhibit 21 file 000 52486 film 11692382 retrieved 2011 03 28 daneman matthew 2010 08 06 . paetec cuts loss to 7.5 m . democrat and chronicle . retrieved 2010 08 11 . paetec holding corp. is edging closer to but still falling short of profitability . the perinton based telecommunications company reported a loss of 7.5 million for the quarter that ended june 30 an improvement from the 16.5 million it lost in the same quarter a year earlier and from the 9.5 million it lost in the january march quarter this year . complaintwire.org . ripoff report . who calls me . . rochester business journal . october 16 2007 . archived from the original on october 17 2007 . rochester institute of technology . imagine rit innovation and creativity festival . retrieved 2008 04 19 . external links edit official website v t e united states landline telephone companies alaska communications at & t centurylink cincinnati bell claro puerto rico earthlink emery telcom fairpoint communications frontier communications gci gta teleguam hawaiian telcom tds telecom verizon communications windstream communications retrieved from https en.wikipedia.org w index.php title paetec holding corp. & oldid 743527897 categories companies based in monroe county new yorkcompanies disestablished in 2011companies formerly listed on nasdaqwindstream communicationstelecommunications companies of the united statesinternet service providers of the united statesprivate equity portfolio companiesamerican companies established in 1998telecommunications companies established in 19981998 establishments in new yorkcommunications in new yorkhidden categories official website different in wikidata and wikipedia 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 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