Defunct December 2011 | Traded as NASDAQ: PAET Number of employees 4,639 (2010) | |
 | ||
Industry Business voice and data telecommunications Fate acquired by Windstream Communications Area served California, Delaware, Florida, Iowa, Michigan, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia Key people Arunas A. Chesonis, CEO, Chairman, & Founder of PAETECRichard T. Aab, Vice Chairman & Co-Founder of US LEC Headquarters Fairport, New York, United States Parent organizations Windstream Holdings, Windstream Services, LLC | ||
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.
Contents
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.
Awards and recognition
PAETEC was the recipient of various local and national business awards.
Mergers and acquisitions
PAETEC owned the naming rights to PAETEC Park, a soccer-specific stadium in nearby Rochester, New York, from its opening in 2006 to 2008.
Name origin
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.
Controversy
Since its acquisition, PAETEC has been listed several times as the provider of VOIP services to phone scammers.