SOURCE: Cross River Fiber

Cross River Fiber

January 06, 2015 07:30 ET

Cross River Fiber Focused on Expansion in 2015

Details Accomplishments in 2014

SUMMIT, NJ--(Marketwired - Jan 6, 2015) - Cross River Fiber, a New Jersey-based, dark fiber optic and telecommunications solutions provider is poised to expand its network and customer base in 2015 after a pivotal 2014 in which the Company took a number of steps to bolster its operations and resources. Some of the key initiatives the Company completed last year include the following:

  • Added over 100 route miles to its fiber-optic network in northern New Jersey and connected a number of new data centers including 800 Secaucus Avenue and 200b Meadowlands Avenue in Secaucus;
  • Constructed new monopoles and wireless infrastructure in New Jersey to support the low-latency connectivity needs of its wireless high-frequency trading customers;
  • Completed a transaction in which Ridgemont Equity Partners invested in a majority interest in the Company; and
  • Secured ample additional borrowing capacity to support continued rapid growth.

In addition, Cross River Fiber added a number of experienced telecommunications professionals to its team to help drive future growth and enhance its service offerings. Notably, Bill LaPerch, the former President and Chief Executive Officer of AboveNet, joined the Board and Robert Sokota, the former Chief Administrative Officer and General Counsel of AboveNet, joined the executive team.

In 2015, Cross River Fiber will continue its focus on being a leading provider of low-latency bandwidth to the financial services vertical. The demand for high-quality, ultra-low latency connectivity continues to grow and Cross River Fiber is dedicated to continuing to provide the best solutions. Cross River Fiber's President and CEO Vincenzo Clemente noted that "Cross River is constantly taking steps to improve latency and ensure that we meet and exceed our customers' expectations for the fastest connections." By continually searching for paths to reduce latency on fiber routes and wireless connections, Cross River Fiber remains a leading player in offering high-speed broadband connectivity to its customers.

Cross River Fiber is also expanding services to other key customer verticals including healthcare, media, information technology, education and carriers. With its reputation for delivering fiber-optic services to customers in an efficient and reliable manner, Cross River Fiber plans to continue to expand its network further into western and central New Jersey and to increase the density of its already robust network in northern New Jersey. Vincenzo Clemente stressed that, "with customers demanding an ever growing amount of bandwidth, we believe that Cross River Fiber is uniquely situated to deliver services to high-bandwidth users in New Jersey who need to be connected with high-capacity fiber optics."

For more information about Cross River Fiber and its mission to design, construct and deliver the highest standards in fiber-optic network communications, visit www.crossriverfiber.com or email info@crossriverfiber.com.

About Cross River Fiber
Cross River Fiber LLC, is a New Jersey-based CLEC (Competitive Local Exchange Carrier) and boutique dark fiber solutions provider that designs, constructs and maintains its own independent fiber-optic network infrastructure. Designed around a company's unique requirements, Cross River Fiber provides the most effective and scalable high-speed fiber-optic network to meet the stringent requirements of today's businesses and organizations.

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