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WorldCom Intermedia Inc history
WorldCom Intermedia Inc company history timeline
1991: Digex is founded as an Internet service provider by Doug Humphrey.
1996: Digex becomes a public company.
In June 1997, Intermedia Communications Inc., a competitive local exchange carrier (CLEC) that offered local and long-distance telephone service in competition with the regional Bell operating companies (RBOCs), announced that it would acquire Digex for $150 million, or $13 a share.
By mid-1998 Digex had finished building its Web site performance testing lab, enabling the company to work with clients before and after they launched their Web site.
In mid-1999, Intermedia spun off Digex as a public company, offering 49 percent of the company's stock to the public.
Digex's first quarter revenue more than doubled to $52.1 million, compared to $25.8 million for the first quarter of 2000.
The xFrame platform remained in beta testing with about ten customers before it was more widely deployed in January 2001.
The ASP market was projected to reach $22 billion by 2003, according to PC Week.
The company reported that it did not expect to reach profitability until 2003.
"Digex, Inc. ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/digex-inc
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