Gigstreem has acquired fiber and fixed wireless service provider Warp2Biz, an ISP in Southern California. Gigstreem, which positions itself as a provider of high-speed services without data caps, now offers service in more than twenty states.
Ten-year-old Warp2Biz serves hundreds of commercial and multi-family properties across Los Angeles and Orange County. It features a 10G point-to-point network that Gigstreem says is easily expanded and can quickly be brought online.
“We have a tremendous amount of growth and opportunity in Southern California, and now the Warp2biz network will enable us to serve our customers with our own network, which will produce an even better customer experience.” Gigstreem CEO Andrew Kusminsky said in a press release. “This network strengthens our ability to directly control the quality of service to our customers and deepens our footprint in another major metropolitan area where we are growing.”
Warp2Biz CEO David Hellmold will join Gigstreem’s executive team. He will lead the company’s commercial sales efforts, according to a press release.
Last August, Gigstreem acquired netBlazr, a provider of residential and commercial services that was based in Boston. The company offered “concierge” residential and business grade services to more than 3,500 subscribers.
Several overlapping factors, including the COVID-19 pandemic, the continuing evolution of technology and an increasing desire to for universal broadband has driven a great deal of merger and acquisition activity.
While much of this activity involves private investment firms, there also are cases in which both parties are service providers, and many of these involve regional or local providers. For instance, last year Amherst Communications bought Union Telephone and Nex-Tech acquired Moundridge Communications.
