Verio

Verio is a global web hosting provider headquartered in the United States. Incorporated in 1996 in Denver, Colorado, it is a wholly owned subsidiary of Nippon Telegraph and Telephone (NTT) Communications, which acquired the company in 2000. Verio was formed from a consolidation of over 200 smaller Internet service providers (ISPs).

History

Verio was founded by Justin Jaschke, with several of his senior management team from OneComm, as well as Darin Brannan and Venture Capitalist Mr. Steven C. Halstedt, in 1996 with a mission of becoming the largest ISP/Hosting company for the SMB/Mid Market business segment through a national infrastructure supported by local technical sales and servicing capabilities from acquired ISP/Hosting companies. Originally named World Net Access, Verio raised substantial funds ($1.1B) with which to purchase ISPs around the United States and Europe. It was funded by the principal founders, private investors, NTT, and institutional investors in a private placement. The concept was to roll up small ISPs into one large national ISP and achieve economies of scale.