LOUISVILLE, Colo.– July 18, 2011 – Zayo, a provider of bandwidth infrastructure solutions and carrier-neutral colocation facilities, has been named the runner up as Denver area’s fastest-growing private companies by the Denver Business Journal. The Fastest-Growing Private Companies list ranks businesses by percentage of revenue growth over the past three fiscal years, and categorizes them into five flights based on gross revenue ranges. Zayo is categorized in Flight 1, which includes companies with total revenue in excess of $49.3 million. Zayo recorded annual revenue growth in excess of 45 percent for calendar year 2009 – 2010, and 189% percent revenue growth since 2007.
Since its founding in 2007, Zayocompleted 16 acquisitions, grown to $320 million in annualized revenue, and employs nearly 400 employees with operations in 31 states plus Washington D.C.. Industry demand has steadily increased primarily due to new technology adoption such as data intensive wireless applications, video communications and cloud computing. Zayo’s commitment to long-term growth coupled with a disciplined investment approach has led to quarter over quarter margin expansion along with top line growth. Annualized EBITDA has grown by 94% to $78.1 million from fiscal year end 2009 to 2010.
Key to Zayo’s growth is its focus on delivering cost effective and innovative customer solutions that allow them to meet their growing bandwidth needs. A dedicated team of communications professionals ensures that customers receive reliable network performance and responsive customer service. Zayo continues to invest in the expansion its unique fiber network assets, investing over $59.8 million during fiscal year 2010.
“During a challenging economic period, we remained committed to meeting the growing demands for bandwidth by our customers, which has translated into these financial results,” said Dan Caruso, CEO and founder of Zayo Group. “We are proud to be part of the vibrant Telecommunications and Technology community in Colorado and appreciate this recognition by the Denver Business Journal.”
Zayo received the award this past Friday at a breakfast reception, and the company is profiled in a special section in the July 15 issue of the Denver Business Journal. To earn a spot on the list, companies must be privately held, maintain headquarters in Colorado, and have a physical presence in the Front Range area. The business categories of companies honored come from a wide range of industries including technology, healthcare, energy and real estate.
About Zayo Group
Based in Louisville, Colo., privately owned Zayo Group (www.zayo.com) is a leading provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services. Zayo Group is organized into autonomous business units supporting customers who require lit and dark fiber services and carrier neutral colocation. Zayo’s business units provide these services over regional, metro and fiber-to-the-tower networks. Zayo was recently ranked #23 on the ColoradoBiz Top 250 Private Companies in Colorado and its President and CEO, Dan Caruso, was recently named one of the “Eleven Colorado business people to watch in 2011” by the Denver Post.