PAETEC Holding Corp. is a FORTUNE 1000 telecommunications company headquartered in Perinton, New York

Perinton, New York

Perinton is a town in Monroe County, New York, United States. The population was 46,090 at the 2000 census.The Village of Fairport, New York is within the town on the Erie Canal. Perinton is adjacent to the village of East Rochester , and the towns of Victor , Macedon , Pittsford , and Penfield...

, USA. It was founded as the private company PaeTec Communications, Inc. in 1998 by its current CEO, Arunas A. Chesonis. In 2007 it merged with US LEC and became a publicly traded company.

PAETEC is a provider of local and long distance voice services, data and Internet services, and software applications, among others. PAETEC currently provides service to medium and large businesses, colleges and universities, hospitals, hotels, governmental organizations and other institutions within its service area.

Awards and recognition

PAETEC has been the recipient of various local and national business awards.

• 2010 Frost & Sullivan Customer Value Enhancement Award for VoIP and SIP Trunking Products
• 2010 Named to FORTUNE 1000 list of America's largest companies
• 2009 #9 Best Large Company to Work for in New York
• 2008 #10 Best Large Company to Work for in New York
• 2006 Competitive Local Exchange Carrier (CLEC) Best-in-Class Service Partner Award from telecom researchers Atlantic-ACM
  Atlantic-ACM
  ATLANTIC-ACM is an independent research consultancy serving the telecommunications and information technology industries. Although the firm addresses all aspects of business strategy and publishes the telecommunications industry's sizing and market share studies and forecasts, ATLANTIC-ACM is...
  
  
• 2006 philanthropy award for Outstanding Corporation from the Genesee Valley Chapter of the Association of Fundraising Professionals (Rochester, NY)
• 2005 American Business Ethics Award for a mid-sized company
• Ranked #2 on the 2003 Deloitte Fast 500
  Deloitte Fast 500
  The Deloitte Technology Fast 500 Awards are run and moderated by Deloitte Touche Tohmatsu Limited. They recognize the 500 fastest-growing technology companies in regions around the world...
  
  , a ranking of the 500 fastest growing technology companies in North America
  North America
  North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
  
  . Rankings are based on average percentage revenue
  Revenue
  In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
  
   growth over five years, from 1998 - 2002. PAETEC grew 192% percent during this period.

Mergers and acquisitions

• August 19, 2004 - Purchased Covista North East Call Zone (Covista Still Privately owned company, also operating as Total Tel)
• January 4, 2005 - Purchased American Long Lines, a privately owned telecommunications company.
• February 28, 2007 - Acquired Charlotte, NC
  Charlotte, North Carolina
  Charlotte is the largest city in the U.S. state of North Carolina and the seat of Mecklenburg County. In 2010, Charlotte's population according to the US Census Bureau was 731,424, making it the 17th largest city in the United States based on population. The Charlotte metropolitan area had a 2009...
  
   based telecommunications company US LEC, becoming the publicly traded PAETEC Holding Corp
• October 12, 2007 - Acquired Allworx Corp
• February 8, 2008 - Acquired McLeodUSA
• December 6, 2010 - Acquired Cavalier Telephone Corporation
• December 28, 2010 - Acquired FTS Ltd. subsidiary, Leap RevChain
• May 31, 2011 - Acquired XETA Technologies, Inc.
• August 1, 2011 - Announced plans to be acquired by Windstream Communications
  Windstream Communications
  Windstream Corporation is a local telephone provider. With headquarters in Little Rock, Ark., Windstream is an S&P 500 communications and technology company with operations in 29 states and the District of Columbia and about $4 billion in annual revenues...
  
  

PAETEC owned the naming rights to PAETEC Park

PAETEC Park

Sahlen's Stadium, formerly PAETEC Park and Marina Auto Stadium, is a soccer-specific stadium in Rochester, New York, USA. It is home to the Rochester Rhinos soccer team of the USL Pro league and the Western New York Flash of Women's Professional Soccer. It is also home of the Major League Lacrosse ...

, a soccer-specific stadium

Soccer-specific stadium

Soccer-specific stadium is a term used mainly in the United States, Canada, Australia and South Korea coined by Lamar Hunt, to refer to a sports stadium either purpose built or fundamentally redesigned for soccer and whose primary function is to host soccer matches, as opposed to a multipurpose...

 in nearby Rochester, New York

Rochester, New York

Rochester is a city in Monroe County, New York, south of Lake Ontario in the United States. Known as The World's Image Centre, it was also once known as The Flour City, and more recently as The Flower City...

, from its opening in 2006 to 2008.

Name origin

The name PAETEC is 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.

Other

• October 16, 2007 - New York
  New York
  New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
  
   State Governor Eliot Spitzer
  Eliot Spitzer
  Eliot Laurence Spitzer is an American lawyer, former Democratic Party politician, and political commentator. He was the co-host of In the Arena, a talk-show and punditry forum broadcast on CNN until CNN cancelled his show in July of 2011...
  
   and PAETEC CEO Arunas Chesonis
  Arunas Chesonis
  Arunas A. Chesonis is the Chairman of the Board, President, CEO, and Director of PAETEC Holding, a Rochester, New York telecommunications company. He has served these positions since August 2006. He has served as Chairman of the Board, President and Chief Executive Officer of PAETEC Corp. since May...
  
   announced plans to tear down Rochester's
  Rochester, New York
  Rochester is a city in Monroe County, New York, south of Lake Ontario in the United States. Known as The World's Image Centre, it was also once known as The Flour City, and more recently as The Flower City...
  
   Midtown Plaza
  Midtown Plaza (Rochester)
  Midtown Plaza was an indoor shopping mall in downtown Rochester, New York, the first urban indoor mall in the United States.-History:...
  
  , to build a new corporate headquarters
  PAETEC Tower
  PAETEC Headquarters is a building proposed and approved for construction in Rochester, New York. It would serve as the new headquarters for the Rochester-based telecommunications company, PAETEC Holding Corp. Its proposed height is 40 floors with a LEED-certified rooftop garden and proposed year is...
  
  .
• PAETEC sponsored Rochester Institute of Technology
  Rochester Institute of Technology
  The Rochester Institute of Technology is a private university, located within the town of Henrietta in metropolitan Rochester, New York, United States...
  
  's Imagine RIT: Innovation and Creativity Festival on May 3, 2008.

External links

• Official website
• The PAETEC Book - It Isn't Just Business, It's Personal: How PAETEC Thrived When All the Big Telecoms Couldn't, co-authored by CEO Arunas Chesonis and David Dorsey