Wave Broadband Buys Cascadelink in Seattle
Wave Broadband has acquired Cascadelink, a Seattle-based Internet service provider (ISP) that serves residential and commercial customers in ...
Wave Broadband has acquired Cascadelink, a Seattle-based Internet service provider (ISP) that serves residential and commercial customers in multi-unit residential and office buildings throughout the Seattle area. Terms of the transaction were not disclosed, and it is effective immediately.
Founded in 2002, Cascadelink provides symmetrical 1 Gbps service to more than 100 Seattle-area apartments, condominiums and commercial office buildings. The company's dozen Seattle-based employees have joined Wave, which plans to invest to further accelerate growth of the companies' combined gigabit services for both business and residential customers in Seattle and beyond.
"Cascadelink and Wave are strongly compatible, as both of our organizations have been focused squarely on providing fast, reliable connections backed by exceptional local customer service," said Harold Zeitz, Wave president and COO. "We plan to continue providing Cascadelink's Seattle-area customers with the high levels of service they've come to expect while expanding our gigabit services to more business and residential customers throughout our three-state network."
"Since we founded Cascadelink 15 years ago, our priority has been to provide the best Internet experience possible, with the unmatched scalability and reliability that a fiber network provides," said Chris Flugstad, Cascadelink co-founder and CEO. "We are excited to join forces with Wave, as their resources enable us to grow faster together while staying true to this mission."
Wave has delivered gigabit service to Seattle-area business and residential customers since 2008. Formed in 2003, the company has been expanding its footprint through acquisitions and building new fiber. The CascadeLink deal is the company's 22nd acquisition to date.
Transition plans are not expected to impact current Cascadelink customers. The company's services will continue without interruption as operations are merged with Wave during the coming months. The companies' pricing plans are compatible, with no immediate changes planned.