Comcast Business Closes Masergy Acquisition
October 08 2021 - 10:30AM
Business Wire
Comcast Business today announced it has completed its
acquisition of Masergy – a Plano, Texas-based pioneer in
software-defined networking (SDN) and cloud platforms for global
enterprises. The acquisition accelerates Comcast Business’s growth
serving large and mid-size companies, particularly U.S.-based
organizations with multi-site global operations and bolsters its
overall channel distribution strategy.
“We’re very pleased to have closed on our acquisition of Masergy
and are excited to officially have their outstanding employees and
leadership as part of the Comcast Business family,” said Bill
Stemper, President, Comcast Business. “This deal fortifies our
channel distribution strategy and redoubles our commitment to the
channel partner community. The combination of our teams and
complementary service portfolios will enhance the value we bring to
large and mid-size companies worldwide.”
With over twenty years’ experience and innovation in managed
network, cloud, and security services, Masergy has more than 1,400
customers in nearly 100 countries worldwide. The combination of
Comcast Business’s leading advanced 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 thrilled to officially
join the Comcast Business family and are extremely excited as we
chart the future of Masergy together,” said Chris MacFarland,
Chairman and CEO, Masergy. “Our customers and partners can expect
the same industry-leading customer experience and will benefit from
accelerated innovation as part of Comcast Business.”
Financial terms of the acquisition were not disclosed.
About Comcast Business Comcast Business offers a suite of
Connectivity, Communications, Networking, Cybersecurity, Wireless,
and Managed Solutions to help organizations of different sizes
prepare for what’s next. Powered by the nation’s largest Gig-speed
broadband network, and backed by 24/7 customer support, Comcast
Business is the nation’s largest cable provider to small and
mid-size businesses and one of the leading service providers to the
Enterprise market. Comcast Business has been consistently
recognized by industry analysts and associations as a leader and
innovator, and one of the fastest growing providers of Ethernet
services.
For more information, call 866-429-3085. Follow on Twitter
@ComcastBusiness and on other social media networks at
http://business.comcast.com/social.
About Comcast Corporation Comcast Corporation (Nasdaq:
CMCSA) is a global media and technology company that connects
people to moments that matter. We are principally focused on
broadband, aggregation, and streaming with 57 million customer
relationships across the United States and Europe. We deliver
broadband, wireless, and video through our Xfinity, Comcast
Business, and Sky brands; create, distribute, and stream leading
entertainment, sports, and news through Universal Filmed
Entertainment Group, Universal Studio Group, Sky Studios, the NBC
and Telemundo broadcast networks, multiple cable networks, Peacock,
NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and
provide memorable experiences at Universal Parks and Resorts in the
United States and Asia. Visit www.comcastcorporation.com for more
information.
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version on businesswire.com: https://www.businesswire.com/news/home/20211008005014/en/
Media: Matt Helmke, Sr. Director, Corporate Communications
Comcast Business 215.286.8666 matt_helmke@comcast.com
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