Industry demand and multiple acquisitions helped fuel Zayo’s rapid growth
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.”