Best Buy Acquires SpeakEasy
spazimodo writes "From the announcement e-mail from Speakeasy CEO Bruce Chatterley: 'I am pleased to announce that Speakeasy has been acquired by Best Buy, an innovative and growing Fortune 100 company and the top consumer electronics retailer in North America. This is a significant milestone for our company as our new relationship will help us realize our goals of becoming the No. 1 provider of voice and data solutions to small businesses. It is important to note that though Speakeasy will now be a wholly owned subsidiary of Best Buy, we will continue to operate as a standalone, independent operating division with headquarters in Seattle.' As a longtime Speakeasy customer, it's too bad to see their business moving in this direction. Back in the day when I called up their support with a problem, and mentioned I was using an OpenBSD box as a firewall/gateway the response was: 'cool!' — slightly different from the response Comcast or Verizon would give. I can't imagine they'll be able to maintain that independence, and there's no way I'm paying a premium for Internet service to Best Buy."
A common refrain we hear from the former and current Geek Squad employees we've been talking to is that Geek Squad used to be awesome. Robert Stephens built up an award-winning company with a reputation for being the best in the business. Then he sold it to Best Buy and they turned it to garbage.
Well that kinda sucks. I'm already saddened by the fact that I can't get Speakeasy at my current home. It was always worth the extra money for their service, and static IPs. Now I have to live with the fact that by the time I move to another house, Speakeasy will probably suck as badly as SBC. :(
Nothing to see here
I had always lived in perpetual hope that Speakeasy would be offered in my area. To tell you the truth, it was rather draining, always being excited to check their coverage map. Now I can go back to deciding between the Cable Monopoly and the Phone Monopoly, like nature intended.
Let's think about this for a moment:
ISP for geeks now owned by a company that is beholden to "big media" interests.
I'm sure this will end well....
I felt like I had been punched when I saw the email this morning.
silly to feel like that over an ISP, but dang, speakeasy was awesome, and best buy--well...not so much a fan. Like their stores, but that's about it.
...ahem...***preemptive***
I specifically chose Speakeasy for my DSL because of how open they are with customer usage patterns and configurations. Like the submitter, I call up and say I have a Linux box as my gateway and they love it. They don't cap bandwidth, block ports, etc. I'm sure they'll claim "nothing will change" but I cannot imagine Best Buy leaving this alone... They'll require Vista for connections or something silly like that (for "security reasons").
Sigh. Time to start shopping around for small DSL providers again.
--- witty signature
Please tell me this is an early April Fools.
Please?
I hope they hold it together, but if they don't, there's Sonic.net which is like Speakeasy without the marketing budget.
--Pat
A few years back, at the time I signed up for Speakeasy DSL, they were the only decent ISP who would serve me. Verizon said I was too far from the CO (mechanized loopback test said 17000 feet) and they weren't eager to build new infrastructure in a zip where the median age of residents is 60-something. Comcast didn't have the capacity in my neighborhood development, although their flyer route drivers didn't seem to know that. Speakeasy said "sure" and I got 1.2 Mbps down and the line was clean. I have 2 static IPs, one on a FC5 box and one shared on a wireless router amongst 2 (and sometimes more) Windows boxes, and all for $42 a month. I was on the verge of getting rid of my Verizon POTS, even though it would push up the DSL cost $15. But the main reason I stayed with Speakeasy was the cheap static IPs, no complaints about what services I run, and knowledgeable tech support. I swore I would never ever give Comcast another dime of my money for any service, and I really don't care for Verizon support. But if Speakeasy goes the way of Geek Squad, or in any way resembles Best Buy customer service practices, I might just give up completely.
Anybody know any other independent ISPs left who might not treat home techies like criminals for running something besides Windows?
For those in areas where it's possible, I'd strongly suggest dropping Speakeasy and switching to DSLExtreme. That's who I use, and much like Speakeasy they offer free static IPs and no restrictions on the usage of your line.
Here was the text of the e-mail I received:
Dear Speakeasy Members,
Today is an historic and exciting day for Speakeasy.
I am pleased to announce that Speakeasy has been acquired by Best Buy, an innovative and growing Fortune 100 company and the top consumer electronics retailer in North America. This is a significant milestone for our company as our new relationship will help us realize our goals of becoming the No. 1 provider of voice and data solutions to small businesses. It is important to note that though Speakeasy will now be a wholly owned subsidiary of Best Buy, we will continue to operate as a standalone, independent operating division with headquarters in Seattle.
Speakeasy will be an important part of the Best Buy For Business service that delivers simple, reliable, and affordable technology solutions to small businesses. Speakeasy's array of broadband voice, data and managed services offerings will be the focal point of the Best Buy For Business communications solutions. This agreement is a major step forward for our company. While our business remains strong, our relationship with Best Buy provides us with additional resources and brand recognition, while opening new sales channels which will dramatically accelerate our growth.
Best Buy, like Speakeasy, is known for its high level of customer service. Our reputation as a trusted provider of voice and data services with stellar customer service will not change. Our values are similar too -- Best Buy shares our customer passion, respect for individuals, and drive to do the right thing while achieving results. All aspects of your service will continue to be managed by Speakeasy and the excellent service and support you expect will continue uninterrupted.
Best Regards,
Bruce Chatterley
President & CEO, Speakeasy, Inc.
GENERAL INFORMATION
What are Best Buy and Speakeasy announcing today?
Best Buy has agreed to acquire Speakeasy, a privately-held voice and data solutions company based in Seattle, WA. Speakeasy will be aligned under the Best Buy For Business (BBFB) unit, enhancing Best Buy's technology portfolio and ability to help small businesses improve their productivity and cut costs.
Why is Best Buy purchasing Speakeasy?
Speakeasy is a highly regarded voice and data services provider with national coverage whose values align well with those of Best Buy. Best Buy is seeking to accelerate the growth of Best Buy For Business (BBFB) by providing core communications solutions for small businesses. Speakeasy's array of products offer a simple, understandable value proposition to small business owners, and gives BBFB the opportunity to build and maintain a regular, recurring relationship with customers.
Who is Best Buy? Where are they located?
Best Buy Co., Inc (NYSE: BBY) is one of the nation?s leading retailers of technology and entertainment products and services. Their mission is to give customers great experiences - whether they are shopping for consumer electronics, home-office products, entertainment software and appliances, or using those products and related-services in their homes or offices. Best Buy's corporate campus is located in Richfield, Minnesota and it operates over 1,150 stores across the U.S., Canada, and China.
Why would a retailer buy a technology company?
One of Speakeasy's core product offerings is Voice over IP (VoIP), which is becoming a popular choice for small businesses who seek efficient and cost-effective telecommunications services. Best Buy For Business' mission is to deliver simple, reliable, and affordable technology solutions to small businesses. A product offering such as VoIP, which has immediate compelling appeal to most SBs based on cost savings and simplicity, is an attractive value proposition that allows Best Buy to round out its
*ahem*
spelling not grammar
You can't talk about Wikipedia's flaws on Wikipedia
Speakeasy CEO Bruce Chatterley = lady Chatterley's lover?
wonder what they will name this?
"BestSpeak?"
"BuyEasy?"
"SpeakEasy Highspeed Broadband DSL Internet Service presented by Best Buy"
I have visions of non stop best buy pop ups when you sign on. gahhhh.
Anyway, "quandary" isn't even the correct word. He probably means "quagmire".
I was considering them, now I know they'll suck.
Back in the day when I called up their support with a problem, and mentioned I was using an OpenBSD box as a firewall/gateway the response was: 'cool!'
Actually, would you believe that last night a comcast rep came to my door. They'd had some problems the last 6 months in my community, so he went door to door giving us all a rate cut, free digital and a free movie channel to compensate. I hadn't any problems, but hey - free.
We talked for a bit, he asked what kind of computer I had. I told him I'd set up a linux router/vpn gateway, and he said "cool". I mentioned that the tuner in my new HDTV was already picking up OnDemand feeds, and he didn't believe me, so I showed him a skinimax flick on 87.3 which was being rewound to show the same nipple over and over. He laughed, and said "cool" again, and mentioned that it'll probably be a long while before they get around to encrypting those feeds.
I still think comcast sucks a fat nut. Just because some rep said "cool" doesn't mean they are.
Speakeasy's policies won't be so fast and loose in the future. Best Buy sucks.
I don't need no instructions to know how to rock!!!!
I recommended Speakeasy to all my clients, and just about everyone I knew, because I had amazing service from them. Best Buy I've never had anything but shitty service from. As of a few minutes ago, I'm recommending everyone I know steer very clear, and all my clients who are currently using Speakeasy to be prepared for when things start collapsing.
I just got off the phone with someone in the corporate office in Seattle and I for one am willing to wait it out.
He explained it quite clearly to me, without doublespeak or marketing crap.
Speakeasy will be a wholly owned subsidiary of BestBuy. All the staff is staying in Seattle, all the tech support will still be in Seattle.
SPEAKEASY WILL STILL BE OPERATING THEIR NETWORK, IT WILL NOT BE MANAGED BY ANYONE FROM BESTBUY.
It basically came down to this
1. BestBuy needed an ISP that didn't suck to offer their business customers when they offer to "outfit" a business. For BestBuy (regardless of how malicious they may be), offering a business customer they want to keep as a long term client Comcast or Verizon or ATT or god forbid AOL isn't a winning strategy. So they want to be able to offer SpeakEasy and have it be quick, efficient, and "standard" if you will. They want Speakeasy to be their standard offer.
2. Speakeasy wants a shitload of working capital. BestBuy can give them this. Now, I think it's kind of like accepting blood money, but I'm not the one that has to take care of the accounting.
It's not like we're going to have blueshirts running the network or those yellow-shirt mafia answering the phones.
The e-mail hit me like a punch in the face too.
Also, just so folks know, no one at Speakeasy is "cashing out". Well, at least not the "out" part.
The executive/management people are all staying. Bruce Chatterly will be reporting to a VP at BestBuy, not sure which. the internal structure of Speakeasy is remaining as is.
Also, to point out a big difference. Geek Squad was brought "in house". Speakeasy is NOT being brought "in house" (thank god..)
Thanks to those who pointed out SonicDSL and DSLExtreme as alternatives, I hope I won't need them.
I'm gonna give speakeasy a chance. They've been a fabulous ISP and they deserve the chance.
Happiness does not come from having much, but from being attached to little.
Ahhhh....
AT&T. Hope you like the Federal Logging features.
"Flyin' in just a sweet place,
Never been known to fail..."
Just because you are not paranoid does not mean they are not out to get you.
If you did, there's this little option called "chargeback"
Moreover, if you don't have verbal (record) or written assent to the so-called contract, it'll be dumped. Basically what Visa does is get both parties on the phone and ask the salesperson to play back the part where they indicated a contract or non-refundable item. Nothing said, nothing written = no contract, and your money usually comes back to you.
Way back whem, my buddy Mike and I heard about this Speakeasy place that was going to start up an Internet cafe in Belltown. They had not yet opened up for business, so we went around back to the alley and knocked on the door. Nearby we could hear Mark Arm from Mudhoney practicing on guitar somewhere. The door opened and we met the owners, the Apgars. They were totally cool and really knew what they were doing. When the cafe opened, we used to go there all the time. They had a bunch of machines for public use. They had coffee, beer, food, live music, and it was a perfect place to hang. They realized that they weren't utilizing all of the T1 that they were paying gobs of money for, so they decided to sell some dialup accounts. This is the beginning of the Speakeasy that the rest of you know. Soon after, the cafe burned down in a terrible accident that also consumed a favorite pool hall, the 2-11 Club. By then, the dialup business had really taken off, and they never bothered to reopen the cafe. The Apgars sold out at some point to the current management.
Best Buy. Sheesh. I hardly ever go in there, when I do, I realize that the Target next door has much better prices and much friendlier folks, and I shake my head and walk out. Speakeasy has died, and now its zombie corpse will haunt us. It just goes to show you that everything good will eventually turn to crap.
The SpeakEasy Cafe led me to: A great many friends, and even 4 close ones, including my girlfriend (whom I met at the FreeBSD meetings that gathered there,) ... which led to our daughter, who now turns 6. We're a happy family, and we've always felt good about paying SpeakEasy.
:( So sad. Mike Apgar, send us an email!
...
SpeakEasy service is out of this world. They never balk that I run Linux & FreeBSD. Whenever we've had problems, it's been our end, but their staff has been responsive and friendly. Their level-1 staff are *very* knowledgeable. Network administrators I know love to recount stories of Speakeasy awesomeness.
First the cafe burns down, and now this.
If SpeakEasy service degrades in the slightest, I don't see how we can justify the extra expense. We're paying for SpeakEasy: the freedom to run Linux & FreeBSD, the freedom to occasionally host some (ahem) questionable material, the freedom to run weird configurations, their excellent service, their crazy smart staff,
If any of that goes away, I just don't see the point.
Sigh. Jaded comments run rampant, but I too find my innards all in a twist.
One of Speakeasy's best policies is their encouragement to share your bandwidth via WiFi if you see fit. I do exactly that in South Philly with Speakeasy's OneLink on an extremely stable 6.0/768 with 3 statics, and provide free WiFi for anyone within reach of my externally mounted antenna. There's about 10ish regulars and who knows how many transients, so while it's not massive, chats have begun with others in the area around providing more unified coverage. I'm stoked to provide this to the area, and consider it a community utility to be spread and promoted for those with the skills and means.
Almost all other ISP's policies threaten you with hell and damnation for doing this, but Speakeasy's policy enables community through sharing. There's no easier way to bridge the last mile in the digital divide than throwing a bit of RF out your front window and carving off a bit of your bandwidth(know what you're doing), and that wouldn't be possible without the support of ISP's who Grok like Speakeasy.
I challenge the Big Box store to keep that policy alive. However, the jaded comments above weigh upon me and I suspect the eventual worst. I suspect the lawyers in Minnesota are far more an*l than Seattle. Sure they have the flannel in the closet, but for totally different reasons. And I suspect they're not as willing to let their junk hang out in the progressive wind. Happened at Netcom... first they lose the quality support crew, then they lose the shells, then they lose the women...
Signed,
Freaked out in Philly
Sonic.net does sound promising... But they work with SBC/AT&T only :P. Unfortunately we are Qwest territory out here so no go.
That was one of the good things about Speakeasy, they went through Covad and Newedge so you could get it almost anywhere.
Can you give a single example of a buyout of a small company by a larger one that didn't result in the eventual ruination of the smaller one? Just one example would make me feel better. Just so you know...this is the third time my "small ISP" has been taken over by a big company (Netcom by Earthlink; Zocalo by Via.Net). In the previous two cases, it didn't take long for it all to go completely to hell.