Daily News: May 24, 2012

Bank Street Advises in nLayer Communications Acquisition

Bank Street announced the acquisition of nLayer Communications, Inc. by Global Telecom & Technology, Inc. (GTT) Bank Street served as the exclusive financial advisor to nLayer in connection with this transaction. nLayer is a pure-play IP Transport service provider connecting data center locations throughout North America, Europe and Asia via a best-in-class network comprised of leased dark fiber, wavelengths and IP Transport bandwidth. The transaction positions GTT as one of the largest competitive players within the IP Transport sector.

Jordan Lowe, president of nLayer commented, “Bank Street’s deep knowledge of the communications sector and strong M&A transactional experience made the firm our clear choice for this strategic milestone. Even more significantly, the senior team demonstrated determination and a personal commitment to the transaction that was critical to successfully completing the deal.”