Conversent Communications Adds Multi-T1 Dedicated Internet Access to Offerings; Innovative Product Provides Greater Flexibility for Growing Businesses.MARLBOROUGH, Mass. -- Conversent Communications, an integrated communications provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ), today announced the addition of a new product, Multi-T1 Dedicated Internet Access See how to access the Internet. , to the broad portfolio of voice, Internet, and data solutions it currently offers business customers. Multi T1 provides customers with more bandwidth than a standard T1, making it particularly important to businesses that have a high demand for Internet bandwidth and highly reliable connectivity but are not ready to upgrade to a T3. The service, which comes in configurations from 3 Mbps to 9 Mbps, is ideal for larger small to medium-sized businesses as well as high growth, technology, information and Internet driven companies. "Multi T1s are a great addition to our extensive line of innovative products and services," said Robert Shanahan, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Conversent Communications. "The Multi-T1 meets the unique needs of technology-driven companies and growing businesses. Our customers will undoubtedly find great value in this product because it provides many additional benefits without the expense or excessive bandwidth that a T3 can generate." Customer benefits of Conversent's Multi-T1 service include a permanent, dedicated high-speed Internet See broadband. connection as well as 24x7 proactive monitoring and technical support. Conversent currently provides services to more than 38,000 business customers and employs 595 sales, technical and support staff in 22 offices from Maine to New Jersey. The company's expansive network includes six Class 5 telephone switches and 80 Data switches and more than 2000 miles of fiber optic network. Since 1998, Conversent has raised more than $230 million in private equity and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay , and in January 2003 the company achieved profitability, a first in the CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) industry. About Conversent Communications Conversent is a facilities-based communications provider that offers businesses a broad portfolio of voice, data and Internet Services that are bundled to meet the specific needs of each customer. Recognized as the Northeast's premiere telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. providers, Conversent provides its clients innovative and flexible communication solutions backed by a dependable network and a knowledgeable and dedicated customer support staff. Conversent was co-founded in 1998 by cable entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. Robert Fanch and Conversent's president and CEO, Robert Shanahan. More information is available at www.conversent.com. |
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