Comcast Business has announced plans to acquire Masergy
Masergy has expertise in the managed SD-WAN arena, as well as across unified communications, customer experience and managed security.
Chris MacFarland, CEO at Masergy, said: “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”
Comcast said that the combination of its fibre network with Masergy’s services expertise will help it target larger businesses, particularly US businesses with global operations.
It said that Masergy has more than 1,400 customers across nearly 100 countries.
Terms of the acquisition, which is subject to regulatory approval, were not disclosed. Comcast is listed on the NASDAQ stock exchange and has a market cap of just over $273bn.
Bill Stemper, President of Comcast Business, said: “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.
“We’re excited to welcome Masergy’s employees and leadership to Comcast Business as we bring continued innovation and superior experience to our customers.”
Earlier this year Masergy announced its UCaaS offering through a partnership with Cisco Webex.