Globix

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Globix Corporation is a leading provider of Internet infrastructure and network services. Globix offers a suite of services from network bandwidth, to the management of Web applications, servers, and databases, to security, media streaming, and colocation. Globix and its subsidiaries have operations in New York, NY, Westborough, MA, London, UK, Santa Clara, CA, and Fairfield, NJ. Globix is traded as GEX on the American Stock Exchange.

[edit] History

Globix Corporation, was founded in 1989 as Bell Technology Group, Ltd. by Marc Bell with only two employees. Bell Technology Group started out by installing computers for publishing companies as a value-added reseller. In the mid-90's Mr. Bell got one of his father's law clients, a Japanese hotel magnate, to invest $500,000 into his company. Soon Bell Technology Group was training web developers while selling equipment, parts, and repair services. Some of these companies that had hired his trainees now looked to Bell Technology Group for access lines to the Internet, and later web site hosting.

On January 24th, 1996, Bell Technology Group completed its Initial Public Offering, consisting of 1,150,00 shares of Common Stock and 575,000 Redeemable Common Stock Purchase Warrants. The offering raised net proceeds of $7.3 million for use in the expansion of the Company's Internet access and networking business, for marketing and sales efforts and for repayment of debt and for general working capital.

By 1997 Bell Technology Group had grown to 100 employees, and now hosted big name companies like IBM, Penthouse Magazine, and NBC Desktop Video. Some of Bell's more prestigious computer training clients included Ralph Lauren, American Express, and Time Warner.

On June 1st, 1998, Bell Technologies Group announced their name change to Globix Coproration. Company President and CEO, Marc H. Bell said, 'As our business evolves and becomes more global in nature, we are taking the opportunity to change our name to one that more accurately reflects our planned global presence'. Mr. Bell emphasized that this is a change of name only. 'Our people and the services we offer remain the same. We are, and will continue to be, a leading provider of Internet service for New York businesses. As our name changes to Globix, we have plans to make the company more global in nature. In fact, our new name is derived from the words Global Internet Exchange.'

On January 14th, 2002, Globix announced that it would file for Chapter 11 bankruptcy, and volunatily delist from NASDAQ. Globix emerged from Chapter 11 bankruptcy in April of 2002 after the United States Bankruptcy Court confirmed its plan of reorganization, and all conditions necessary for the plan to become effective were satisfied or waived.

In November of 2003 Globix acquired Aptegrity Inc., a managed services provider. A year and a half later Globix merged with NEON Communications, Inc., a provider of optical networking to carriers and large enterprise customers in the Northeast and mid-Atlantic. On May 18th, 2005, Globix was invited to ring the opening bell to commence the day's trading at the American Stock Exchange (AMEX). Globix became listed on the AMEX on May 18th, 2005.