Zayo completes Spread Networks acquisition, creates new low-latency division

Now that Zayo has wrapped up its acquisition of Spread Networks, a regional fiber provider that offers a low-latency route between Chicago and New York, the service provider has launched a new business unit focused on offering low-latency networking.

Zayo said the new standalone business unit, Spread Networks by Zayo, will leverage Spread’s well-established brand, network and customer support capabilities.

Dan Caruso, chairman and CEO of Zayo, said in a release that the Spread acquisition and the new unit enables the service provider to better respond to networking needs from not only the financial community, but also content and other sectors that need low-latency networking options.

RELATED: Zayo gets New York-to-Chicago low-latency route with $127M Spread Networks deal

Zayo
Dan Caruso

“We acquired Spread Networks because of their leadership in ultra low-latency network solutions for the financial and trading sectors,” said Dan Caruso, Zayo’s chairman and CEO. “Spread Networks by Zayo will build on this flagship network, providing customers with additional fiber and microwave options for fast, high-bandwidth connectivity."

Zayo is snapping up regional fiber providers as it is, but the Spread deal is key to greater reach.

Through this acquisition, Zayo can combine Spread Networks’ routes with Zayo routes for coast-to-coast, low-latency dark fiber and lit fiber-based solutions. This enables the service provider to offer what it described as a fully owned, low-latency wavelength route from Seattle to New York.

But the network route has implications that will extend into international markets. Traffic to and from Asia—which connects through cable landing stations in the Pacific Northwest—are also express connected via the combination of Zayo existing fiber routes and the Spread Networks route.

Members of the Spread Networks team will join the Zayo team. Led by Brandon Gouin, general manager of Spread Networks by Zayo, the new unit will be reported under the Fiber Solutions business segment.