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Rocket Fiber is the latest Detroit startup to be acquired. Today, the company is announcing it was acquired by Cleveland-based Everstream for an undisclosed amount. The founders tell TechCrunch the company was at a “record multiplier for the telecom space.”. Under the deal, Everstream is acquiring all of Rocket Fiber’s infrastructure, including its service platforms and fiber network. The company says in a press release that Rocket Fiber’s customers will continue to receive the same service. Co-founder and CEO Mark Hudson said six to nine months ago the company started to look for ways to turbocharge Rocket Fiber’s growth. After looking at numerous offers from venture capital to acquisit... Full story

26 February