Comcast Business on Aug. 25 announced that it signed an agreement to acquire Masergy, a Plano, Texas-based expert in software-defined networking (SDN) and cloud platforms for global enterprises.
The acquisition stands to accelerate Comcast Business’s increasing growth serving large and mid-size companies, particularly U.S.-based organizations with multi-site global operations, the company said in a statement.
“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. “We’re excited to welcome Masergy’s employees and leadership to Comcast Business as we bring continued innovation and superior experience to our customers.”
Comcast notes that, with over twenty years’ experience and innovation in delivering 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 advanced fiber network and Masergy’s innovative services will enable Comcast Business customers to manage their international operations and networks more efficiently and securely, said the companies.
Masergy enables secure application performance across the network and the cloud with its Managed SD-WAN, Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS) and Managed Security offerings.
Notably, Masergy has been recognized for the past five years as a “Visionary” in Gartner’s Magic Quadrant for Global Network Services.
Comcast Business’s acquisition of Masergy is subject to regulatory approval and other customary conditions. Financial terms of the acquisition were not disclosed.
“On behalf of everyone at Masergy, we are thrilled to join the Comcast Business family and are extremely excited for the next chapter of Masergy. We are confident that together we can significantly enhance our service offerings to businesses of all sizes in their journey to the cloud,” concluded Chris MacFarland, Chairman and CEO, Masergy.