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PSINet
PSINet, based in Northern Virginia, was one of the first commercial Internet service providers (ISPs) and was involved in the commercialization of the Internet until the company's bankruptcy in 2001 during the dot-com bubble and acquisition by Cogent Communications in 2002. It was founded on December 5, 1989, and began offering services, including limited for-profit access to the Internet, on January 1, 1990, becoming one of the first companies to sell Internet connectivity. History Founding PSINet was founded in 1989 by Martin L. Schoffstall and William L. Schrader, who initially funded the company through personal loans, including using credit cards and by selling the family car. It was initially known as Performance Systems International. In very late 1989, the company acquired NYSERNet assets and established an ongoing outsourcing contract with NYSERNet. NYSERNet, a non-profit research and education network serving New York State, had created one of the first regional Inte ...
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Metamor Worldwide
Metamor Worldwide was an IT services and consulting company based in Houston, Texas, which grew rapidly in the late 1990s before it was acquired by internet service provider PSINet in 2000, and ultimately split up in the wake of the latter company's bankruptcy. The company began life as CoreStaff Services, and grew by acquisition. Major acquisitions included Metamor Technologies and Dynamic Data Solutions in 1997, The Windward Group and VSI Communications Group in 1998, and Decan Groupe and GE Capital Consulting in 1999. Corestaff changed its name to Metamor Worldwide in 1998, following its acquisition of Metamor Technologies. Corestaff CEO Michael Willis told shareholders the new branding was intended to highlight the company's transition from a staffing shop to a full-service information technology provider. Continuing the transition, Metamor sold Corestaff Services, its original business unit, to The Corporate Services Group in July 1998. Chicago-based Metamor Technologies, a ...
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NSFNET
The National Science Foundation Network (NSFNET) was a program of coordinated, evolving projects sponsored by the National Science Foundation (NSF) from 1985 to 1995 to promote advanced research and education networking in the United States. The program created several nationwide backbone computer networks in support of these initiatives. Initially created to link researchers to the NSF-funded supercomputing centers, through further public funding and private industry partnerships it developed into a major part of the Internet backbone. The National Science Foundation permitted only government agencies and universities to use the network until 1989 when the first commercial Internet service provider emerged. By 1991, the NSF removed access restrictions and the commercial ISP business grew rapidly. History Following the deployment of the Computer Science Network (CSNET), a network that provided Internet services to academic computer science departments, in 1981, the U.S. National ...
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M&T Bank Stadium
M&T Bank Stadium is a multi-purpose football stadium located in Baltimore, Maryland. It is the home of the Baltimore Ravens of the National Football League (NFL). The stadium is immediately adjacent to Oriole Park at Camden Yards, the home of the Baltimore Orioles. Often referred to as "Ravens Stadium" or "The Bank", M&T Bank Stadium officially opened in 1998 and has been praised for its fan amenities, ease of access, concessions and other facilities. The listed capacity for M&T Bank Stadium is 70,745. The stadium was originally known as Ravens Stadium at Camden Yards, until PSINet acquired the naming rights in 1999, naming it PSINet Stadium. It then reverted to Ravens Stadium in 2002 when PSINet filed for bankruptcy. M&T Bank bought the naming rights in 2003 and signed a 15-year, $75 million contract with the Ravens, which was brokered by Team Services, LLC. The naming rights deal for M&T Bank Stadium was renewed for $60M over 10 years in 2014, extending the name through 2027. ...
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Commercial Internet EXchange
The Commercial Internet eXchange (CIX) was an early interexchange point that allowed the free exchange of TCP/IP traffic, including commercial traffic, between ISPs. It was an important initial effort toward creating the commercial Internet that we know today Goal The goal of the CIX was to be an independent interconnection point with no U.S. government-defined "acceptable use policy" on the traffic that could be exchanged; and just as critical, a "no-settlement" policy between the parties exchanging traffic. The no-settlement policy became a "given" during the modern era of the Internet, but was immensely controversial at the time. The great debate The early history of the Internet was dominated by U.S. government agencies such as ARPA/DARPA through ARPANET, the Defense Communications Agency (DCA) through MILNET, the National Science Foundation (NSF) through CSNET and NSFNET, the NSF sponsored regional research and education networks, and a handful of national networks spon ...
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Baltimore Ravens
The Baltimore Ravens are a professional American football team based in Baltimore, Maryland. The Ravens compete in the National Football League (NFL) as a member club of the American Football Conference (AFC) North division. The team plays its home games at M&T Bank Stadium and is headquartered in Owings Mills, Maryland. The Baltimore Ravens were established in 1996 after Art Modell, then owner of the Cleveland Browns, announced plans in 1995 to relocate the franchise from Cleveland, Ohio to Baltimore, Maryland. As part of a settlement between the league and the city of Cleveland, Ohio, Modell was required to leave the Browns' history, team colors, and records in Cleveland for a replacement team and replacement personnel that would resume play in 1999. In return, he was allowed to take his own personnel and team to Baltimore, where such personnel would then form an expansion team. The team is now owned by Steve Bisciotti and valued at $2.98 billion, making the Ravens the 33rd- ...
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Northern Virginia
Northern Virginia, locally referred to as NOVA or NoVA, comprises several counties and independent cities in the Commonwealth of Virginia in the United States. It is a widespread region radiating westward and southward from Washington, D.C. With 3,197,076 people according to the 2020 Census (37.04 percent of Virginia's total population), it is the most populous region of Virginia and the Washington metropolitan area. Communities in the region form the Virginia portion of the Washington metropolitan area and the larger Washington–Baltimore metropolitan area. Northern Virginia has a significantly larger job base than either Washington or the Maryland portion of its suburbs, and is the highest-income region of Virginia, having several of the highest-income counties in the nation, including 3 of the richest 10 counties by median household income according to the 2019 American Community Survey. Northern Virginia's transportation infrastructure includes major airports Ronald Rea ...
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Cogent Communications
Cogent Communications is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers. Although Cogent is not a Tier 1 network, Tier 1 ISP by definition, due to lack of complete IPv6 connectivity, the company still advertises itself a Tier 1 ISP. There has been debate among networking professionals as to whether or not this amounts to false advertising. Acquisition history Cogent was founded in 1999 at the peak of the industry's growth and was funded by angel investors including members of Keiretsu Forum. In three years, Cogent acquired 13 other failing carriers, purchasing $14 billion in capital for $60 million, including $4 billion worth of Property, Plant and Equipment. * September 2001 – Acquires the assets of NetRail * February 2002 – Acquires Allied Riser * April 2002 – Acquires Building Access Agreement ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Internet
The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies. The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents and applications of the World Wide Web (WWW), electronic mail, telephony, and file sharing. The origins of the Internet date back to the development of packet switching and research commissioned by the United States Department of Defense in the 1960s to enable time-sharing of computers. The primary precursor network, the ARPANET, initially served as a backbone for interconnection of regional academic and military networks in the 1970s to enable resource shari ...
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Baltimore, Maryland
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area (CSA), the third-largest CSA in the nation, with a 2021 estimated population of 9,946,526. Prior to European colonization, the Baltimore region was used as hunting grounds by the Susquehannock Native Americans, who were primarily settled further northwest than where the city was later built. Colonis ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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