Yipes makes good

LANs & Routers This newsletter is sponsored by Procurve Networking "Big Rebates on the ProCurve Switch 2810 Series" Save up to $100 on Switch 2810 Series. Gigabit connectivity & lifetime warranty. ProCurve Networking. Network World's LANs & Routers Newsletter, 07/17/07 Yipes makes good By Jeff Caruso One of the biggest news stories Monday was that Ethernet service provider Yipes was bought by an Indian company for $300 million. Now, $300 million is a nice chunk of change, and the acquisition marks an interesting chapter in the story of Yipes, a company that created quite a lot of buzz for itself back in the day. Yipes was founded in 1999, riding the Internet wave and the demand for ever-increasing bandwidth. It was in the forefront of touting Ethernet-based metro-area services, and also pushed for using Ethernet across a wide-area network. The company spent lots of money to spread the word - including some dough for creating "Yipes World" at the Gigabit Ethernet Conference. Network World Buyers Guides Find the right products for your enterprise - fast. With seven categories - security, storage, convergence and VoIP, network infrastructure, network applications, wireless and LAN/WAN management - you can quickly pinpoint the hardware or software you need. With the side-by-side comparison tool you can evaluate product features and make the best purchase decisions for your enterprise. Click here to go to the Buyers Guides now. Within a couple of years, the Internet boom became the Internet bust, and Yipes filed for bankruptcy. In 2002, I wrote about how the company reorganized, emerged from bankruptcy, and scaled back its operations to slightly fewer geographical areas. In 2003, I noted that Yipes received $63 million in fresh funding. This week, my colleague Carolyn Duffy Marsan writes that Yipes had raised $100 million in venture financing. Since last I checked in with the company, it has apparently grown its customer roster to 850 and has expanded its fiber-optic coverage to 14 major U.S. cities, plus some overseas. Marsan says the company grew its business 40% in 2006. Its acquirer is one of India's largest telecom providers, Reliance Communications. The deal means that Yipes will be able to go international in a big way, as it will extend its managed services to potentially 40 countries.   What do you think? Post a comment on this newsletter

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Contact the author: Jeff Caruso is managing editor of online news for Network World. He oversees daily online news posting and newsletter editing, and writes the NetFlash daily news summary, the High-Speed LANs newsletter and the Voices of Networking newsletter. Contact him at jcaruso@nww.com This newsletter is sponsored by Procurve Networking "Big Rebates on the ProCurve Switch 2810 Series" Save up to $100 on Switch 2810 Series. Gigabit connectivity & lifetime warranty. ProCurve Networking. ARCHIVE Archive of the LANs & Routers Newsletter. BONUS FEATURE IT PRODUCT RESEARCH AT YOUR FINGERTIPS Get detailed information on thousands of products, conduct side-by-side comparisons and read product test and review results with Network World’s IT Buyer’s Guides. Find the best solution faster than ever with over 100 distinct categories across the security, storage, management, wireless, infrastructure and convergence markets. Click here for details. PRINT SUBSCRIPTIONS AVAILABLE You've got the technology snapshot of your choice delivered to your inbox each day. Extend your knowledge with a print subscription to the Network World newsweekly, Apply here today. International subscribers, click here. SUBSCRIPTION SERVICES To subscribe or unsubscribe to any Network World newsletter, change your e-mail address or contact us, click here. This message was sent to: networking.world@gmail.com. Please use this address when modifying your subscription. Advertising information: Write to Associate Publisher Online Susan Cardoza Network World, Inc., 118 Turnpike Road, Southborough, MA 01772 Copyright Network World, Inc., 2007