Everstream to acquire the telecom assets of DataBank.

Everstream, which offers business internet services, agreed to acquire the LightBound fiber/telecom assets of DataBank, a provider of enterprise-class data center, connectivity and managed services. Financial terms were not disclosed. The sale of the LightBound fiber/telecom assets to Everstream will allow DataBank to focus on its core data center and managed services offerings while simultaneously enabling Everstream to enter the Indianapolis market, serving the needs of existing LightBound fiber/telecom customers as well as new enterprises in the region. The transaction accelerates Everstream's planned entry into the Indianapolis market and provides Everstream with a lit fiber network extending across the metro area.