PAETEC Holding Corp.
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| Public | |
| Traded as | NASDAQ: PAET |
| Industry | Business voice and data telecommunications |
| Fate | acquired by Windstream Communications |
| Founded | Rochester, New York May 1998 |
| Defunct | December 2011 |
| Headquarters | Perinton, New York |
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Area served
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California, Delaware, Florida, Iowa, Michigan, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia |
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Key people
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Arunas A. Chesonis, CEO, Chairman, & Founder of PAETEC Richard T. Aab, Vice Chairman & Co-Founder of US LEC |
| Services | Voice services Data services Software solutions Customer premises equipment leasing Managed services |
| Revenue |
 US$1624 million (2010)
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 US$45 million (2010)
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US$(58 million) (2010)
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| Total assets |
US$2008 million (2010)
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| Total equity |
US$137 million (2010)
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Number of employees
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4639 (2010)
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| Subsidiaries | 47 total (2010) |
| Website | www |
PAETEC Holding Corporation was a FORTUNE 1000 telecommunications company headquartered in Perinton, New York, United States. It was founded as the private company PaeTec Communications, Inc. in 1998 by Arunas A. Chesonis. In 2007 it merged with US LEC and then Cavalier Telephone Company and became a publicly traded company, and in 2011 it was acquired by Windstream Communications.
PAETEC provided local and long-distance voice services, data and Internet services, and software applications, among others. PAETEC provided service to medium and large businesses, colleges and universities, hospitals, hotels, governmental organizations and other institutions within its service area.
PAETEC was the recipient of various local and national business awards.
PAETEC owned the naming rights to PAETEC Park, a soccer-specific stadium in nearby Rochester, New York, from its opening in 2006 to 2008.
The name PAETEC was derived from the initials of the first names of its founder's wife Pam and four children Adam, Erik, Tessa and Emma. In earlier days, the name was displayed as PaeTec Communications, Inc. After the acquisition of US LEC, the new merged entity became PAETEC Holding Corp., however, the company is simply referred to as PAETEC.
Since its acquisition, PAETEC has been listed several times as the provider of VOIP services to phone scammers.
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Wikipedia