DIGEX was one of the first Internet service providers in the United States.
dot-com bubble, its stock price rose to $184 per share; the company was acquired for $1 per share a few years later.
Digital Express Group, predecessor to DIGEX, was founded by Doug Humphrey and Mike Doughney in the basement of Mr. Humphrey's townhouse in
Greenbelt, Maryland in 1991, offering web hosting services and Internet access.
In 1995, the company raised $8 million from Grotech Capital and
In October 1996, the company became a
public company via an initial public offering.
In 1997, the company was acquired by Intermedia Communications, a
competitive local exchange carrier based in Tampa, Florida.
In 1999, Intermedia completed the partial
corporate spin-off of Digex.
Microsoft and Compaq invested $100 million in Digex.
In September 2000,
WorldCom acquired Intermedia Communications and gained a majority stake in Digex.
In 2003, WorldCom acquired the remainder of the company.
Verizon acquired Worldcom in 2006 and integrated the company into
In 1995, Digex launched ISP-TV, a network of linked
CU-SeeMe videotelephony servers from multiple ISPs to provide for large-audience webcasts via streaming media.
In 1996, ISP-TV began producing original video content in one of the first "cyberstudios" in
Laurel, Maryland. Shows included "Head" (a beer show) and "Meeks Unfiltered" with MSNBC correspondent Brock Meeks.
Digex also streamed
Bud Bowl during the Super Bowl for Anheuser-Busch.
"DIGEX, INCORPORATED 2002 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
Handley, John (2005). . Amacom. Telebomb
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Swisher, Kara (April 10, 1995). "DIGEX FLOURISHES WITH INTERNET'S POPULARITY". . The Washington Post
Mullaney, Timothy J. (October 18, 1996). . "Digex initial stock offering sells 4.5 million shares Md. Internet provider is worth $125.4 million" . The Baltimore Sun
. "Intermedia Will Acquire Digex In a $147 Million Stock Swap" . June 5, 1997. The Wall Street Journal
Noguchi, Yuki (September 6, 2000). "Deal to Give WorldCom Control of Digex". . The Washington Post
"Microsoft, Compaq invest $100M in Digex". . January 12, 2000. American City Business Journals
Deogun, Nikhil; Solomon, Deborah (September 5, 2000). . "WorldCom Closes Deal to Buy Intermedia, Gaining Control of Web-Hosting Business" . The Wall Street Journal
Clabaugh, Jeff (November 17, 2003). "WorldCom buys out Digex in dollar sale". . American City Business Journals
Neely, Esme (October 12, 1997). "Faster connections should boost use of video calls". . American City Business Journals
JOSSI, FRANK (May 1, 1997). "Live, from Cyberspace". . Wired
"Internet Pioneer and Co-Founder of Digex, Doug Humphrey, Joins Savtira Advisory Board" (Press release). PRWeb. March 23, 2012.