is also a current member of the Wi-Fi Alliance. Acquisitions On April 16, 2010, Towerstream announced that it had closed the acquisition of Sparkplug Communications' Chicago, Illinois and Nashville, Tennessee business assets. The acquisition allowed the company to expand its presence in Chicago, while introducing Nashville as its 11th market nationally. On December 16, 2010, Towerstream completed its acquisition of certain business assets from Pipeline Wireless. The acquired business assets include substantially all of Pipeline Wireless' customer contracts, network infrastructure, and related assets in the Boston and Providence markets. Towerstream closed its third acquisition on May 19, 2011, when it announced it had acquired certain business assets from One Velocity Inc. The acquired business assets include substantially all of the One Velocity's customer contracts, network infrastructure, and related assets in the Las Vegas and Reno, Nevada markets. The company announced at the time of the acquisition the new Las Vegas market immediately became the company's fifth largest revenue base. On December 5, 2011, Towerstream completed the acquisition of Color Broadband Communications, Inc. This included the acquisition of all of Color Broadband's customer contracts, network infrastructure and related assets in the Los Angeles market. Towerstream completed the acquisition of Delos Internet which operated in Houston, TX on March 5, 2013. This marked the company's fifth acquisition and expanding the company's presence to 13 markets. History The company was founded in 1999 by Philip Urso and Jeffrey Thompson as a replacement to the legacy copper line T1, DS3, and OC-3 infrastructure. Initially serving two markets, Providence Rhode Island and Boston, Massachusetts, Towerstream's service area was expanded in 2003 to include New York City, and then expanded a year later to include Chicago and Los Angeles. Towerstream expanded into San Francisco in 2005. FierceVoIP's annual Fierce 15 list named Towerstream as one of the top 15 emerging companies implementing a T1 VoIP solution for 2005. In January 2007 Towerstream completed a reverse merger, raised $15 million in capital and commenced trading common stock on the OTC Bulletin Board under the symbol TWER. By May 2007, Towerstream stock was moved to NASDAQ Capital Markets and the company raised an additional $40 million in capital. Service coverage area was extended to include Seattle, Miami, and Dallas. In late 2008, Towerstream was honored by xchange magazine with the Best of WiMAX World Award for its New York City network T1 and DS3 offerings and also honored