Application Infrastructure

Tucows' Ting Internet Accelerates Growth with Acquisition of Simply Bits

Tucows Inc. a global provider of internet services, announced that it has signed a definitive agreement to acquire Simply Bits, the largest fixed wireless network service company based in Tucson, Arizona.

This acquisition will be made through Ting Internet, a leading fiber internet provider in the U.S. and a subsidiary of Tucows. This purchase allows Ting to quickly enter the Southern Arizona market, leverage Simply Bits' wireless expertise, and to build off of Simply Bits' small but growing fiber footprint.

As part of this deal, Ting will assume all of Simply Bits' existing infrastructure and customers, adding approximately 4,500 customers, 1,100 square miles of established fixed wireless network, and a small fiber-to-the-home footprint to Ting's portfolio. Ting will also retain Simply Bits' employees, including senior management, with assistance and guidance from Simply Bits' founding members.

"This acquisition marks another milestone for Ting as we move into the large and growing Arizona market. This deal allows us to leverage an existing network with significant capacity, ultimately accelerating our growth," said Jill Szuchmacher, chief strategy officer and executive vice-president networks, Ting Internet. "By building on Simply Bits' decades-long service in Southern Arizona, we will have a platform to introduce Ting to the broader Pima, Pinal, Santa Cruz and Cochise County communities, and the team and resources to enter the market quickly."

Since founding in 2004, Simply Bits has grown into a leading independent provider of internet, voice and other enhanced broadband solutions in the most populated areas of Southern Arizona, including Tucson, Marana, Vail, Oro Valley, Green Valley, Rio Rico, Sahuarita and Douglas. Over the past 17 years, Simply Bits has created a sophisticated and robust network and is well-positioned to serve more than 425,000 residences as well as enterprises, educational institutions and government agencies.

"The merging of Simply Bits wireless network with Ting resources and fiber deployments will benefit our current and future customers and allow them state of the art internet delivery options," said Bradley Feder, partner, Simply Bits. "We are excited to become part of the Tucows and Ting family, and continue to grow the business in both area and employment opportunities."

The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2021.

Harris, Wiltshire & Grannis, LLP served as legal counsel to Tucows in connection with the transaction. Cowen and Company, LLC served as exclusive financial advisor to Simply Bits in the transaction and Morgan, Lewis & Bockius, LLP served as legal counsel.

To learn more about Ting Internet, its services, or the areas in which it operates, please visit ting.com/internet.

About Simply Bits:
Simply Bits, headquartered in Tucson, Arizona is committed to creating Southern Arizona's best wired and wireless network for delivery of Internet access, voice, fax and other enhanced broadband applications and solutions.  This sophisticated network allows Simply Bits to serve residences as well as small, medium, and large businesses, educational institutions, and government agencies.  Our customer base represents diverse industries including healthcare, financial, legal, insurance, automotive, hospitality, real estate and more. 

About Tucows:
Tucows is a provider of network access, mobile technology services, domain names, and other internet services. Ting Internet delivers fixed fiber internet access with outstanding customer support. Tucows' mobile services enabler (MSE) platform provides network access, provisioning, and billing services for mobile virtual network operators (MVNOs). OpenSRS, Enom, and Ascio combined manage approximately 25 million domain names and millions of value-added services through a global reseller network of over 36,000 web hosts and ISPs. Hover makes it easy for individuals and small businesses to manage their domain names and email addresses.

About Ting Fiber Inc.:
Ting Internet provides Crazy Fast Fiber Internet® in select U.S. towns and cities. Ting is committed to net neutrality and the Open Internet. More than that, Ting Internet is committed to being a part of improving the communities it serves by supporting and championing local good works. Ting Internet sponsors local programs, events, foundations, festivals, charities, and public services everywhere we go, investing in the future of the towns we serve.

Spotlight

Spotlight

Related News

IT Systems Management

ICANN ANNOUNCES GRANT PROGRAM TO SPUR INNOVATION

PR Newswire | January 16, 2024

The Internet Corporation for Assigned Names and Numbers (ICANN), the nonprofit organization that coordinates the Domain Name System (DNS), announced today the ICANN Grant Program, which will make millions of dollars in funding available to develop projects that support the growth of a single, open and globally interoperable Internet. ICANN is opening an application cycle for the first $10 million in grants in March 2024. Internet connectivity continues to increase worldwide, particularly in developing countries. According to the International Telecommunication Union (ITU), an estimated 5.3 billion of the world's population use the Internet as of 2022, a growth rate of 6.1% over 2021. The Grant Program will support this next phase of global Internet growth by fostering an inclusive and transparent approach to developing stable, secure Internet infrastructure solutions that support the Internet's unique identifier systems. "With the rapid evolution of emerging technologies, businesses and security models, it is critical that the Internet's unique identifier systems continue to evolve," said Sally Costerton, Interim President and CEO, ICANN. "The ICANN Grant Program offers a new avenue to further those efforts by investing in projects that are committed to and support ICANN's vision of a single, open and globally interoperable Internet that fosters inclusion amongst a broad, global community of users." ICANN expects to begin accepting grant applications on 25 March 2024. The application window will remain open until 24 May 2024. A complete list of eligibility criteria can be found at: https://icann.org/grant-program. Once the application window closes, all applications are subject to admissibility and eligibility checks. An Independent Application Assessment Panel will review admissible and eligible applications and the tentative timeline to announce the grantees of the first cycle is in January of 2025. Potential applicants will have several opportunities to learn more about the Call for Proposals and ask ICANN Grant Program staff members questions through question-and-answer webinar sessions in the coming months. For more information on the program, including eligibility and submission requirements, the ICANN Grant Program Applicant Guide is available at https://icann.org/grant-program. About ICANN ICANN's mission is to help ensure a stable, secured and unified global Internet. To reach another person on the Internet, you need to type an address – a name or a number – into your computer or other device. That address must be unique so computers know where to find each other. ICANN helps coordinate and support these unique identifiers across the world.

Read More

Application Infrastructure

dxFeed Launches Market Data IaaS Project for Tradu, Assumes Infrastructure and Data Provision Responsibilities

PR Newswire | January 25, 2024

dxFeed, a global leader in data solutions and index management for the financial industry, announces the launch of an Infrastructure as a Service (IaaS) project for Tradu, an advanced multi-asset trading platform catering to active traders and investors. In this venture, dxFeed manages the crucial aspects of infrastructure and data provision for Tradu. As an award-winning IaaS provider (the Best Infrastructure Provider by the Sell-Side Technology Awards 2023), dxFeed is poised to address all technical challenges related to market data delivery to hundreds of thousands of end users, allowing Tradu to focus on its core business objectives. Users worldwide can seamlessly connect to Tradu's platform, receiving authorization tokens for access to high-quality market data from the EU, US, Hong Kong, and Australian Exchanges. This approach eliminates the complexities and bottlenecks associated with building, maintaining, and scaling the infrastructure required for such extensive global data access. dxFeed's scalable low latency infrastructure ensures the delivery of consolidated and top-notch market data from diverse sources to the clients located in Asia, Americas and Europe. With the ability to rapidly reconfigure and accommodate the growing performance demands, dxFeed is equipped to serve hundreds of thousands of concurrent clients, with the potential to scale the solution even further in order to meet the constantly growing demand, at the same time providing a seamless and reliable experience. One of the highlights of this collaboration is the introduction of brand-new data feed services exclusively for Tradu's Stocks platform. This proprietary solution enhances Tradu's offerings and demonstrates dxFeed's commitment to delivering tailored and innovative solutions. Tradu also benefits from dxFeed's Stocks Radar—a comprehensive technical and fundamental market analysis solution. This Software as a Service (SaaS) seamlessly integrates with infrastructure, offering added value to traders and investors by simplifying complex analytical tasks. Moreover, Tradu leverages the advantages of dxFeed's composite feed (the winner at The Technical Analyst Awards). This accolade reinforces dxFeed's commitment to delivering excellence in data provision, further solidifying Tradu's position as a global leader in online foreign exchange. "When we were thinking of our new sophisticated multi-asset trading platform for the active trader and investors we met with the necessity of expanding instrument and user numbers. We realized we needed a highly competent, professional team to deploy the infrastructure, taking into account the peculiarities of our processes and services," said Brendan Callan, CEO of Tradu. "On the one hand, it allows our clients to receive quality consolidating data from multiple sources. On the other hand, as a leading global provider of online foreign exchange, we can dispose of dxFeed's geo-scalable infrastructure and perform rapid reconfiguration to meet growing performance demands to provide data to hundreds of thousands of our clients around the globe." "The range of businesses finding the Market Data IaaS (Infrastructure as a Service) model appealing continues to expand. This approach is gaining traction among various enterprises, from agile startups seeking rapid development to established, prominent brands acknowledging the strategic benefits of delegating market data infrastructure to specialized firms," said Oleg Solodukhin, CEO of dxFeed. By taking on the responsibilities of infrastructure and data provision, dxFeed empowers Tradu to focus on innovation and client satisfaction, setting the stage for a transformative journey in the dynamic world of financial trading. About dxFeed dxFeed is a leading market data and services provider and calculation agent for the capital markets industry. According to the WatersTechnology 2022 IMD & IRD awards honors, it's the "Most Innovative Market Data Project." dxFeed focuses primarily on delivering financial information and services to buy- and sell-side institutions in global markets, both traditional and crypto. That includes brokerages, prop traders, exchanges, individuals (traders, quants, and portfolio managers), and academia (educational institutions and researchers). Follow us on Twitter, Facebook, and LinkedIn. Contact dxFeed: pr@dxfeed.com About Tradu Tradu is headquartered in London with offices around the world. The global Tradu team speaks more than two dozen languages and prides itself on its responsive and helpful client support. Stratos also operates FXCM, an FX and CFD platform founded in 1999. Stratos will continue to offer FXCM services alongside Tradu's multi-asset platform.

Read More