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DNS developer ExteNet Systems said its newly completed acquisition of Axiom Fiber Networks will add a high-bandwidth fiber network to its existing operations in New York City.

The suburban Chicago company announced the completed purchase of Axiom on Monday. ExteNet officials said that the combined networks will allow the company to meet increased demands for bandwidth and density in the city.

"ExteNet has an expansive fiber network in New York City, serving outdoor and in-building customers," said ExteNet President and CEO Ross Manire. "This acquisition of Axiom Fiber Networks allows us to extend and densify our service footprint in lower Manhattan for the benefit of our customers."

Axiom CEO Felipe Alvarez will join ExteNet's management team following the deal, and ExteNet will assume responsibility for existing Axiom customers. Terms of the agreement were not disclosed.

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