Following PSINet's insolvency, naming rights were renegotiated and the stadium is now called M&T Bank Stadium.
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In an attempt to generate more brand recognition, in 1999 PSINet committed $100 million for naming rights of the Baltimore Ravens' new stadium in Baltimore, Maryland.
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In May 2001, the company was delisted from NASDAQ because the company's stock had traded below one dollar for 30 consecutive days.
PSINet |
M&T Bank Stadium (home of the Baltimore Ravens; formerly known as PSINet Stadium and then as Ravens Stadium)
Among the firm's notable investments, Matrix Partners was an early stage investor in Apple Inc., Arrowpoint Communications, Digium, JBoss, JustFab, PSINet, SanDisk, Silverstream Software, TheLadders.com, Sonus Networks, Tivoli Software, Tollbridge Technologies, VERITAS Software, Vermeer Technologies Incorporated, and Xilinx.