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.