InterPacket

About InterPacket

InterPacket Networks, Inc. operated as a provider of satellite-based internet services, establishing its headquarters in Santa Monica, California, after its founding in 1997. The company focused on delivering high-speed, low-cost internet access to international Internet Service Providers (ISPs) through a global satellite overlay network. Its client base primarily consisted of ISPs in over 100 countries that required reliable connectivity to the U.S. internet backbone. Additionally, InterPacket served content distributors, aggregators, corporations, and universities.

The core of InterPacket's business was its internet service network, which provided backbone connectivity and a suite of value-added applications. The company developed turnkey connectivity and service packages, such as "Espresso" and "BIZkit," to simplify access for its 280+ customers. Operations were supported by three Network Operations Centers (NOCs) located in California, Europe, and Asia, which provided 24/7 support. The company leveraged third-party access to at least eleven geostationary satellites to deliver its services. While the company was VC-backed with investors including H&Q Access Technology Partners, Intel, Intel 64 Fund, and Pequot Capital Management, it was reported as unfunded by other sources.

In October 2000, Verestar Inc., a subsidiary of American Tower Corporation (NYSE: AMT), announced a definitive agreement to acquire InterPacket Networks. The acquisition was a strategic move for Verestar to expand its global delivery capabilities, leveraging InterPacket's extensive distribution network and expertise in areas like Voice over IP (VoIP) and cost-effective DVB solutions. The deal was expected to close by the end of 2000.