BNET Industries
Market Cap:$1.3B
Last Fiscal Year Sales:$300.0M
- Public
- US
Dow Jones Description
AboveNet, Inc. provides high bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among 15 top U.S. metro markets and London. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government.
CEO
Sherman TuanNumber of Employees 615
Peer Companies
NAICS Code Fiber Optic Cable Manufacturing: 335921
Recent Events
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AboveNet's net income increases to USD22.7m in Q3 2009
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AboveNet Reports Second Quarter 2009 Adjusted EBITDA of $38.5 Million on
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AboveNet to Provide NYSE Euronext with High-Bandwidth, Low-Latency
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SingleHop Upgrades IP Transit Capacity to 80 Gbps
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Continuum Adds AboveNet to Its New Chicago Data Center
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AboveNet Launches Metro 40Gbps Service
News & Analysis
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abovenet inc. - All News and Analysis
AboveNet Reports Financial Results for the Fourth Quarter and Full Year 2008
Strong 2008 Revenue Growth to $319.9 million Adjusted EBITDA Increases to $115.9 million ...
AboveNet Helps Customers Get Connected at Switch and Data's New North Bergen, NJ Data Center
TAMPA, Fla. -- Switch and Data (NASDAQ: SDXC), a leading provider of network neutral data centers and Internet exchange services, announced today that AboveNet, Inc., (OTC Bulletin Board: ABVT), a leading provider of fiber optic connectivity solutions, is offering a full suite of high-bandwidth Ethernet, IP and fiber data transport...
Ciena Expands Global Partner Program
Extends Specialist Expertise with New Managed Services Provider Designation in BizConnect Program LINTHICUM, Md. -- Ciena([R]) Corporation (NASDAQ: CIEN), the network specialist, today announced the continuing expansion of its global partner program, BizConnect, with the addition of a Managed Services Provider MSP partner designation. The new MSP partner type...
Bhutan Telecom selects AboveNet's IP Transit service to launch Internet via fiber-optic cables.(BHUTAN)
AboveNet Communications UK Ltd., which provides fiber-optic solutions to business and carriers worldwide, said that it has provided a new IP Transit service to Bhutan Telecom. Through the delivery of the IP Transit, Bhutan Telecom's subscribers would be able to access speedy, reliable Internet services via...
Bhutan Telecom selects AboveNet's IP Transit service to launch Internet via fiber-optic cables.(BHUTAN)
AboveNet Communications UK Ltd., which provides fiber-optic solutions to business and carriers worldwide, said that it has provided a new IP Transit service to Bhutan Telecom. Through the delivery of the IP Transit, Bhutan Telecom's subscribers would be able to access speedy, reliable Internet services via...
Bhutan Telecom Chooses AboveNet's IP Transit to Bring Internet Connectivity Over Optical Fibre to Bhutan.
LONDON, February 28 /PRNewswire/ -- AboveNet Communications UK Ltd., a leading provider of fibre optic connectivity solutions for business and carriers and a subsidiary of AboveNet Inc., today announced the successful provisioning of a new IP Transit service for Bhutan Telecom. By...
AboveNet Wins the City of London's Considerate Contractor Gold Award.
LONDON, November 5 /PRNewswire/ -- AboveNet Communications UK Ltd., a leading provider of fibre optic connectivity solutions for business and carriers and a subsidiary of AboveNet Inc., has been named a Gold Award recipient in the City of London's annual Considerate Contractor...
telx Appoints Tesh Durvasula as Chief Marketing and Business Officer
telx, the premier operator of Meet Me Room and Core Interconnection Colocation Facilities in the United States, announces the appointment of Tesh Durvasula as Chief Marketing and Business Officer. Mr. Durvasula will now be leading Corporate Development and all facets of Marketing to include: product, distribution strategies, pricing and...
AboveNet Appoints John Donaldson as Finance Director.
LONDON, August 15 /PRNewswire/ -- - Joining from Verizon, John Donaldson Will Lead AboveNet's Finance Team in the UK AboveNet Communications UK Ltd., a leading provider of fibre optical connectivity solutions for business and carriers and a subsidiary of AboveNet...
AboveNet Expands its Metro-Wave Service With Nortel.
LONDON, July 26 /PRNewswire/ -- AboveNet Communications UK Ltd., a leading provider of fibre optical connectivity solutions for business and carriers and a subsidiary of AboveNet Inc., today announced its expansion of Metro-Wave, a service offering AboveNet customers private wavelengths between strategically...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Sherman Tuan | CEO |
| William G. LaPerch | President & CEO |
| Douglas M Jendras | Chief Operating Officer |
| Joseph Ciavarella | Senior Vice President & Chief Financial Officer |
| Michael Doris | Chief Financial Officer |
| Rajiv Datta | Senior Vice President and Chief Technology Officer |
| Robert Sokota | General Counsel, Chief Admin Officer & Senior Vice President |
| William I. Lees | Chief Accounting Officer & Vice President |
| Doug Jendras | Senior Vice President, Operations |
| John Jacquay | Senior Vice President of Sales and Marketing |
| Brett Johnson | Vice President of Business Development |
| Joe Ramsey | Vice President, Sales, Marketing |
| Michael A. Brown | Vice President, Marketing & Customer Service |
| John Deering | Executive Director of Sales |
| Marybeth Nance | Executive Director of Business Development & Marketing |
| John Donaldson | Managing Director and Senior Vice President |
| John Dowbiggin | Managing Director, UK & Senior Vice President |
| Brian Sheehan | Indirect Channel Sales Director |
| David Radoff | Senior Director, Marketing & Communications |
| Rick Battle | Director, Marketing |
| Steve Potts | Sales Engineering and Networks Director |
| James Chinetti | Indirect Channel Sales Manager |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Jeffrey Brodsky | Chairman |
| Michael J. Embler | Chairperson |
| Richard L Shorten | Chairperson |
| Stuart Subotnick | Chairman |
| Dennis O'Connell | Board of Directors |
| Jeff Allen | Board Member |
| Richard Postma | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | CEO | Current |
| AboveNet, Inc. | Founder | Current |
| BrainStorm Ventures International, LLC | Advisor | Current |
| BrainStorm Ventures International, LLC | Board of Directors | Current |
| Acer Incorporated | high, level positions | Former |
| Acer Incorporated | Board Member | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | President & CEO | Current |
| AboveNet, Inc. | Board of Directors | Current |
| Columbia University | M.B.A. | Former |
| United States Military Academy | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Chief Operating Officer | Current |
| AboveNet, Inc. | Senior Vice President of Operations | Current |
| Pace University | M.B.A. In Financial Management | Former |
| The State University of New York | bachelors degree | Former |
| State University of New York at Albany | Bachelors Degree | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Senior Vice President & Chief Financial Officer | Current |
| Langer, Inc. | Board of Directors | Current |
| Langer, Inc. | Chief Financial Officer | Former |
| Langer, Inc. | Vice President | Former |
| Touche Ross & Co. | Former | |
| Hofstra University | Bachelor of Business Administration Degree | Former |
Michael Doris is AboveNeta s Chief Financial Officer , overseeing all financial and reporting processes and systems throughout the company. Mr. Doris is a certified public accountant with 25 years experience with both public and private companies. In his past positions, Mr. Doris gained valuable experience working through a financial restructuring process. Previously, Mr. Doris was the worldwide corporate controller for Marchon Eyewear, Inc., where he focused on improving the companya s reporting processes, implementing information systems (SAP) and managing the relationships with the bankers. Prior to Marchon, Mr. Doris was the Vice President of Finance for Allied Digital Technologies, Inc. In this position, he was responsible for developing strategic financial direction, establishing strong internal controls, and timely and accurate reporting. Mr. Doris oversaw Allieda s integration of the companya s multimillion dollar acquisition. He also held senior level positions at Maidenform Worldwide, Inc., Global Intellicom, In., and Deloitte & Touche. Mr. Doris graduated from Fairfield University with a Bachelor of Science degree in Accounting. He is a member of the American Institute of Public Accountants, New York State Society of Certified Public Accountants and a certified instructor in Total Quality Management
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Chief Financial Officer | Current |
| Marchon Eyewear, Inc. | Corporate Controller | Former |
| In, Inc | Former | |
| Fairfield University | Bachelor of Science Degree In Accounting. | Former |
Mr. Datta joined AboveNet in 1998 and is responsible for overseeing all aspects of the Companya s engineering operations. With more than 10 years experience in the industry, Mr. Datta has accomplished many difficult tasks including re-engineering AboveNeta s IP network in a 9 month period resulting in an 80% reduction in operating expense while upgrading capabilities to absorb a 60% increase in traffic volume. Prior to join AboveNet, Mr. Datta was senior development engineer for Alcatel Telecommunications Cable.
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Senior Vice President and Chief Technology Officer | Current |
| Rutgers University | Master of Science Degree In Engineering | Former |
| Rutgers University | Bachelor of Science Degree | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | General Counsel, Chief Admin Officer & Senior Vice President | Current |
| Steptoe & Johnson Llp | Associate | Former |
| University of Chicago | J.D. | Former |
| The George Washington University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Chief Accounting Officer & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Senior Vice President of Sales and Marketing | Current |
| Internet Call Waiting Corporation | CEO | Former |
| Verizon Communications Inc. | econometrician and Controller | Former |
| Internet Call Waiting Corporation | Chairman | Former |
| Indiana University | Master of Science In Business Administration | Former |
| Indiana University | Degrees In Finance and Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Vice President of Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Vice President, Sales, Marketing | Current |
| AboveNet, Inc. | General Manager | Former |
| AboveNet, Inc. | Sales Executive | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Vice President, Marketing & Customer Service | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Executive Director of Sales | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Executive Director of Business Development & Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Managing Director and Senior Vice President | Current |
| University of Newcastle upon Tyne | Degree In Biology | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Managing Director, UK & Senior Vice President | Current |
| Ipsolutions, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Indirect Channel Sales Director | Current |
| AboveNet, Inc. | Agent Channel Sales Manager | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Senior Director, Marketing & Communications | Current |
| AboveNet, Inc. | Senior Director, Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Director, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Sales Engineering and Networks Director | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Indirect Channel Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Chairman | Current |
| Motor Coach Industries Inc. | Director | Current |
| AboveNet, Inc. | Board of Directors | Current |
| Quest Company | Founder | Former |
| PricewaterhouseCoopers | Former | |
| New York University | Bachelors degree | Former |
Mr. Embler has been a member of the Board of Directors since September 2003 and is a member of the Governance and Nominating Committee. Since 2005, Mr. Embler has been the Senior Vice President and Chief Investment Officer at Franklin Mutual Advisers, LLC ("FMA"), a firm he joined in 2001 as Vice President. Funds managed by FMA collectively are the Company's largest stockholder. From 1992 to 2001, Mr. Embler served in various management positions with Nomura Holding America, Inc., most recently as Managing Director. Mr. Embler has previously served as a Director of Grand Union Company and several other private companies. Mr. Embler holds a Bachelor's degree from the State University of New York at Albany and a Master of Business Administration from George Washington University.
| Organization | Position | Status |
|---|---|---|
| AboveNet, Inc. | Chairperson | Current |
| Kindred Healthcare, Inc. | Board of Directors | Current |
| AboveNet, Inc. | Board of Directors | Former |
| Grand Union, Ltd. | Director | Former |
| The George Washington University | Master of Business Administration | Former |
| State University of New York at Albany | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Enterprise Informatics Inc. | Managing Director, Silvermine Capital Resources | Current |
| AboveNet, Inc. | Chairperson | Current |
| Enterprise Informatics Inc. | Board of Directors | Current |
| Graphnet Inc. | Executive Vice President | Former |
| Viatel (UK) Ltd. | Senior Vice President of Data Services | Former |
| Mpower Communications | Nominating Committee Member | Former |
| First Avenue Networks, Inc. | Chairman of the Board | Former |
| Graphnet Inc. | Director | Former |
| AboveNet, Inc. | Board of Directors | Former |
| Rutgers School of Law | Juris Doctorate Degree | Former |
| Colgate University | Bachelor of Arts degree | Former |
| AboveNet, Inc. | member | Former |
| Organization | Position | Status |
|---|---|---|
| Metromedia Company | Executive Vice President | Current |
| The Thelonious Monk Institute of Jazz | General Partner and Executive Vice President of Metromedia Company | Current |
| Bloggingstocks | General Partner and Executive Vice President, Metromedia Company | Current |
| Awte Uk Ltd | General Partner and Executive Vice President, Metromedia Company | Current |
| Carnival Corporation | Lead Director | Current |
| The American Stock Exchange LLC | Current | |
| AboveNet, Inc. | Chairman | Current |
| Awte Uk Ltd | Board of Directors | Current |
| Metromedia International Group, Inc. | Board of Directors | Current |
| The Shubert Organization, Inc | Board of Directors | Current |
| New York Racing Association, Inc. | Vice Chair | Current |
| Carnival Plc | Director | Current |
| Conair Corporation | Director | Current |
| Bloggingstocks | Board of Directors | Current |
| Carnival Corporation | Director | Current |
| New World Symphony | Member | Current |
| Carnival Corporation | Audit Committee Member | Current |
| Central Park Conservancy, Inc | Member | Current |
| Metromedia Company | Chief Operating Officer | Former |
| Metromedia Company | General Partner | Former |
| Metromedia Company | Co-Owner | Former |
| Metromedia Company | Attorney | Former |
| Chernow Communications, Inc | Former | |
| Communications Services, Inc. | Former | |
| S-Board Ltd. | Vice Chairman | Former |
| New York University | Juris Doctorate Degree | Former |
| New York University | Master of Law Degree | Former |
| Brooklyn Law School | Master of Law Degree | Former |
| Baruch College | Bachelor of Business Administration Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Gomez, Inc. | Current | |
| Avst, Inc | Board of Directors | Current |
| NetMotion Wireless, Inc. | Board Director | Current |
| Rateintegration Inc. | Board of Directors | Current |
| Sportvision, Inc. | Board Director | Current |
| Touchcommerce Inc. | Board of Directors | Current |
| Aligo, Inc. | Board of Directors | Current |
| AboveNet, Inc. | Board of Directors | Current |
| Enpocket | Board Director | Current |
| Netifice Communications, Inc. | Board of Directors | Current |
| XO Communications, Inc. | North Region President | Former |
| Dolphin Equity Partners | Partner | Former |
| Dolphin Equity Partners | principal | Former |
| McCaw Cellular Communications, Inc. | senior operating responsibilities | Former |
| University of Maryland | Bachelor of Science | Former |
| Organization | Position | Status |
|---|---|---|
| Rocket Ventures | Managing Director | Current |
| Integrated Materials, Inc. | Managing Director, Rocket Ventures | Current |
| Fundingpost.Com | Partner, Rocket Ventures | Current |
| Tech Coast Angels | Team Member | Current |
| AboveNet, Inc. | Board Member | Current |
| Integrated Materials, Inc. | Board Member | Current |
| Clairvoyante, Inc. | Board Member | Current |
| Hipbone, Inc. | Board Member | Current |
| Rocket Ventures | Founding Managing Partner | Former |
| Andersen Consulting | Senior Manager | Former |
| Accenture Ltd. | senior manager | Former |
| First Union Bank | Former | |
| U.S. Department of Commerce | Former | |
| University of Michigan | Bsee | Former |
| Organization | Position | Status |
|---|---|---|
| US Xchange Directories | Chairman | Current |
| RVP Development Corporation | Chairman | Current |
| Rt London | Chairman | Current |
| AboveNet, Inc. | Board of Directors | Current |
| US Signal | Chief Executive Officer | Former |
| US Signal | co-founder | Former |
| The North Carolina Company | General Counsel | Former |
| Digital Signal Corporation | General Counsel | Former |
| Calvin College | Former |
Executive News
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William LaPerch and the Honorable Arthur Money Join Liquid Computing Board of Advisors
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William LaPerch and the Honorable Arthur Money Join Liquid Computing Board of Advisors
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AboveNet Reports Second Quarter 2009 Adjusted EBITDA of $38.5 Million on
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AboveNet Reports Second Quarter 2009 Adjusted EBITDA of $38.5 Million on Revenue of $88.0 Million
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AboveNet Scheduled Sets Date to Report Second Quarter 2009 Financial Results
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