Comcast Business announced the acquisition of Masergy – a Plano, Texas-based provider of software-defined networking (SDN) and cloud platforms for global enterprises.
Masergy serves more than 1,400 customers in nearly 100 countries. The acquisition accelerates Comcast Business’s increasing growth serving large and mid-size companies, particularly U.S.-based organizations with multi-site global operations.
Financial details were not disclosed.
The combination of Comcast Business’s advanced fiber network and Masergy’s innovative services will enable Comcast Business customers to manage their international operations and networks more efficiently.
“Masergy provides a perfect complement to our portfolio of enterprise services and solutions and will allow us to instantly and dramatically amplify our growth in the global enterprise market,” said Bill Stemper, President, Comcast Business.
Masergy enables secure application performance across the network and the cloud 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 Network Services.
Gary Barton, Principal Enterprise Technology and Services Analyst at GlobalData, said: “This is a smart acquisition by Comcast Business. Masergy has intelligently designed its software-defined networking infrastructure and developed an attractive collaboration services portfolio.”
Comcast Business has already invested more than $15 billion since 2017 in its telecoms assets. Bringing that level of spend to Masergy will create a potent force in the global telecoms market, with strong local presence in the US and the UK.
Comcast’s more than $100 billion annual revenues will allow it to invest in Masergy’s platforms in a significant way, Gary Barton said.