Wave Broadband announced on Thursday it has acquired Layer42 Networks, an Internet and colocation company that serves businesses around the San Francisco Bay Area.
The acquisition, which is No. 18 for Wave, is part of a broader strategy to speed up the pace at which the West Coast television, phone and Internet provider expands across California, Oregon and Washington state.
Wave, a 13-year-old company based in Kirkland, Wash., has recently been revamping its network by laying fiber to bring next-generation connection speeds to places it hasn’t reached before. Wave raised $130 million for the project in May and announced it would lay 1,500 miles of additional fiber this year, more than double what it built in 2014. That would bring the company’s total fiber network to about 6,500 miles.
With the acquisition of Layer42, Wave will have a larger stronghold to put that network to use with more customers and services in one of California’s largest markets.
“Layer42 strengthens Wave’s physical presence in Silicon Valley and fits perfectly with our accelerated network expansion,” Wave CEO Steve Weed said in a Thursday press release.
The terms of the deal were not disclosed. Layer42’s customers won’t see any service interruption because of the deal, instead just a slight name change to “Layer42 by Wave.”
[Editor’s Note: Wave Broadband is a GeekWire annual sponsor.]
