[1] As the dot-com bubble burst, in August 2001 the company hired a new CEO[1] and in January 2002, Globix filed for Chapter 11 bankruptcy; its market capitalization had fallen from almost $1 billion in 1999 to $5.87 million.
[6] In October 2003 Globix sold its New York City data center to fund operations and retire some of its debt.
[4] In November 2003 Globix acquired Aptegrity Inc., a managed services provider focused on Web-based applications.
[7] In July 2004, Globix announced it intended to merge with NEON Communications, Inc., a provider of optical networking to carriers and large companies in the US Northeast and mid-Atlantic, and the deal closed in March 2005.
[9] In late 2005 and 2006 Globix restructured and paid down debt by selling off assets, including its New York city headquarters, a UK subsidiary, and its hosting business, the latter of which it sold to Quality Technology Services.