only by U.S. citizens to handle any work in support of government investigations. As a result, the Committee on Foreign Investment in the United States recommended that President Clinton allow the $5.5 billion purchase to proceed. The deal also prompted scrutiny of Japan's openness to foreign telecom competitors. Shortly after the announced deal, the NASDAQ stock market crashed in the spring of 2000 in the dot-com bubble burst. The agreed price of $73 remained and NTT and Verio completed the transaction by the fall of 2000. Verio continues to operate as a wholly owned subsidiary of NTT Communications. At the end of 2005, the backbone and some dedicated hosting centers moved to NTT America, with the web hosting business staying with Verio. At the same time, the European arm, Verio Europe, was moved in its entirety to NTT Europe. In October 2006, Verio Europe was renamed NTT Europe Online. In late May 2015, Verio Shared SMB hosting division, as a business unit of NTT America, Inc. (“NTT America”), was sold to The Endurance International Group, Inc. Endurance will continue to provide web hosting, email and domain name services under the Verio name. Some of the ISPs purchased by Verio Verio was initially built on a business model known as a "rollup", composed entirely of smaller companies operating under the Verio brand name. By the year 2000, Verio had purchased more than 50 small ISPs and hosting companies, most in the US but also in Europe, ranging in price from under US$1 million to over US$100 million per ISP. These companies were often mature and well-known brand names in their local markets — more well known than Verio — and often continued to operate with a great deal of local autonomy even after purchase by Verio. Some of the companies purchased by Verio were leading pioneers in the internet industry (Digital Nation, NorthWestNet), representing the first wave of commercial ISP access and hosting in regional markets around the US and Europe. Some of these companies included: Access One (accessone.com), Western Washington AimNet (aimnet.com), Santa Clara, California ATMNet (atmnet.net), San Diego, California Best Internet Communications, Mountain View, California Branch Net (branch.net, branch.com), Ann Arbor, Michigan CCNet (ccnet.com) Walnut Creek, California ClarkNet (clark.net, clarknet.net), Columbia, Maryland Communique (cmq.net), Gulf South Compute Intensive, Inc. CompuTech, Spokane, Washington Computing Engineers, Inc. (dba WorldWide Access) (wwa.com, wwa.net), Chicago, Illinois Digital Nation (dn.net), Alexandria, Virginia Florida Internet