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| Company type | Private company |
|---|---|
| Industry | Telecommunications |
| Founded | 1996; 29 years ago (1996) |
| Defunct | 2010; 15 years ago (2010) |
| Fate | Merged withSpeakeasy intoMegaPath |
| Successor | MegaPath |
| Headquarters | San Jose, California |
Key people | Pat Bennett, CEO |
| Products | VOIP,DSL,T1,Wireless,Web Hosting |
| Website | covad.com at theWayback Machine (archived 2006-03-22) |
Covad Communications Company, also known asCovad Communications Group, was an American provider ofbroadbandvoice anddata communications. ByQ3 2006, the company had 530,000 subscribers, and ranked as the 16th largestISP in the United States.[1] Covad was acquired byU.S. Venture Partners,[2] who in 2010 announced a three-way merger ofMegaPath, Covad, andSpeakeasy,[3] creating a single Managed Services Local Exchange Carrier (MSLEC), providing voice and internet services;[4] the new company was namedMegaPath.
In January 2015, telecommunications service providerGlobal Capacity acquired MegaPath's wholesale and direct access business, which included assets acquired from Covad.[5][6]
The name Covad was derived from acronyms which have varied over time, includingCOmbined Voice And Data,Copper Over Voice And Data, and in its earliest form,COpper Value ADded.[7]
Covad was the first service provider to offer a nationalDSL broadband service. In addition they offeredVoice over IP,T1,Web hosting, managed security,IP anddial-up, and bundled voice and data services directly through Covad's network and throughInternet Service Providers such asEarthLink andSpeakeasy, value-added resellers, telecommunications carriers and affinity groups to businesses. Covadbroadband services were available in 44US states, including 235 Metropolitan Statistical Areas (MSAs), a services area available to over 50 percent of all businesses. The company was founded inSan Jose, CA.
By 2008, Covad added the Samsung Acemap DSLAM to their portfolio on top of their pre-existing Nokia D50 DSLAMs, to allow forADSL2+ technology, which can reach DSL speeds up to 15 Mbit/s.[8] The launch of the AceMAP was primarily instigated to provide combined POTS and ADSL2+ service toEarthLink end users and were deployed in more residential areas instead of concentrating on business-centric markets.
Covad was acquired a by private equity firm,Platinum Equity, in April 2008.[9] In 2010, it was sold toU.S. Venture Partners,[2] which merged Covad, andSpeakeasy into MegaPath.
The three-way merger produced an executive team comprising the formerCEOs of all three former companies: Chairman and CEO (former MegaPath CEO) D. Craig Young, Chief Strategy Officer and Head of Wholesale Markets (former Covad CEO) Pat Bennett, and (former Speakeasy CEO) Bruce Chatterley as President of the Business Markets unit in charge of all non-wholesale customer sales, service and marketing.[4]
In mid-2010, Covad announced Ethernet-over-Copper services in theLos Angeles market. The new Ethernet product ran over a Fujitsu Flashwave based Ethernet core and provided symmetrical speeds up to 20 Mbit/s. Ethernet over DS1 service was added soon after. In early 2011, Covad (now as Megapath) announced expansion of the services on a national level by the end of 2012.
In September 2014,Global Capacity announced its plan to buy the assets acquired from Covad from MegaPath.[5] The acquisition was completed on January 1, 2015.[6]
