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Article: The Cheval Group Acts As Advisor To Verio On Consolidation Strategy
- Article from:
- PR Newswire
- Article date:
- March 5, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER, March 5 /PRNewswire/ -- Verio, which today launched the nation's newest Internet network combining a tier-one backbone with prominent local Internet providers across the country, relied on The Cheval Group's mergers and acquisitions expertise in its consolidation strategy.
Verio has so far received $80 million in private financing to build its high-performance national backbone and buy or invest in local and regional Internet providers across the country. Verio has received funding from some of the biggest players in technology venture capital investment including Norwest Venture Capital, Providence Equity Partners Inc., and Centennial Funds.
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