Comcast Business Closes Masergy Acquisition | Business
PHILADELPHIA- (BUSINESS WIRE) -8 October 2021-
Comcast Business today announced that it has completed the acquisition of Masergy, a pioneer in Plano, Texas in software-defined networks (SDNs) and cloud platforms for global businesses. The acquisition accelerates Comcast Business’s growth by serving large and medium-sized companies, especially US-based organizations with global operations on many sites, and strengthens the overall channel distribution strategy.
“We are very happy to have completed the acquisition of Masergy and are excited to officially have our outstanding employees and leadership as part of the Comcast Business family,” said Bill Stemper, President of Comcast Business. “This deal strengthens our channel distribution strategy and doubles our commitment to the channel’s partner community. The combination of our teams and complementary portfolios of services will improve the value we bring to large and medium-sized companies around the world. “
With over twenty years of experience and innovation in managed networks, cloud services and security services, Masergy has more than 1,400 customers in nearly 100 countries around the world. The combination of Comcast Business’s leading extended network and Masergy’s innovative services will enable Comcast Business customers to manage their international operations and networks more efficiently.
“On behalf of everyone at Masergy, we are excited to formally join the Comcast Business family and are extremely excited to describe the future of Masergy together,” said Chris McFarland, Chairman and CEO of Masergy. “Our customers and partners can expect the same industry-leading customer experience and will benefit from accelerated innovation as part of Comcast Business.”
The financial terms of the acquisition were not disclosed.
For Comcast Business
Comcast Business offers a suite of connectivity, communications, networking, cybersecurity, wireless and managed solutions to help organizations of all sizes prepare for the next. Powered by the country’s largest Gig-speed broadband network and backed by round-the-clock customer support, Comcast Business is the nation’s largest cable provider for small and medium-sized businesses and one of the leading service providers in the Enterprise market. Comcast Business was consistently recognized from industry analysts and associations as a leader and innovator and one of the fastest growing Ethernet service providers.
For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and other social media networks at http://business.comcast.com/social.
For Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people with important moments. We are primarily focused on broadband, aggregation and streaming with 57 million customer relationships in the US and Europe. We deliver broadband, wireless and video through our brands Xfinity, Comcast Business and Sky; creating, distributing and broadcasting leading entertainment, sports and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News and Sky Sports; and provide unforgettable experiences at Universal Parks and Resorts in the US and Asia. Visit www.comcastcorporation.com For more information.
View the source version of businesswire.com:https://www.businesswire.com/news/home/20211008005014/bg/
CONTACT: Media: Matt Helmke, Senior Director, Corporate Communications
KEYWORD: UNITED STATES OF NORTH AMERICA TEXAS PENSILVANIA
KEYWORD OF INDUSTRY: TV AND RADIO TECHNOLOGY OTHER COMMUNICATIONS ENTERTAINMENT COMMUNICATIONS SECURITY OTHER TECHNOLOGIES TELECOMMUNICATIONS
SOURCE: Comcast Business
Copyright Business Wire 2021.
PUB: 10/08/2021 10:30 AM / DISC: 10/08/2021 10:32 AM
Copyright Business Wire 2021.