Comcast Business to Acquire Masergy, a Pioneer in Software-Defined Networking and Cloud Platforms | News
PHILADELPHIA- (LIVE BUSINESS) -August 25, 2021-
Comcast Business today announced it has signed an agreement to acquire Masergy, a pioneer in Plano, Texas in software-defined networks (SDNs) and cloud platforms for global businesses. The acquisition accelerates the growing growth of Comcast Business, serving large and medium-sized companies, especially US-based organizations with global operations on multiple sites.
With more than twenty years of experience and innovation in managed network, cloud and security services, Masergy has become a leading provider to companies worldwide – serving more than 1,400 customers in nearly 100 countries. The combination of Comcast Business’s leading advanced optical network and Masergy’s innovative services will enable Comcast Business customers to manage their international operations and networks more efficiently and securely.
“Masergy provides the perfect complement to our portfolio of enterprise services and solutions and will allow us to immediately and dramatically boost our growth in the global corporate market,” said Bill Stemper, President of Comcast Business. “We are pleased to welcome Masergy employees and leadership to Comcast Business, as we offer our customers continuous innovation and excellence.”
Masergy enables secure performance of network and cloud applications with Managed SD-WAN, Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS) and Managed Security solutions. Masergy has been recognized for the past five years as a “visionary” in Gartner’s magic quadrant for global networking services.
“On behalf of everyone at Masergy, we are excited to join the Comcast Business family and are extremely excited about the next chapter of Masergy. We are convinced that together we can significantly improve the provision of services to companies of all sizes as they travel to the cloud, ”said Chris McFarland, Chairman and CEO of Masergy.
Comcast Business’s acquisition of Masergy is subject to regulatory approval and other customary terms. The financial terms of the acquisition have not been 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.
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Matt Helmke, Senior Director, Corporate Communications
KEYWORD: UNITED STATES OF NORTH AMERICA TEXAS PENSILVANIA
INDUSTRY KEYWORD: MOBILE / WIRELESS ENTERTAINMENT TECHNOLOGY SECURITY TELECOMMUNICATIONS SOFTWARE NETWORKS TV AND RADIO INTERNET
SOURCE: Comcast Business
Copyright Business Wire 2021.
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