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Comcast Business to Acquire Masergy, a Pioneer in Software-Defined Networking and Cloud Platforms

Comcast Business announced it has signed an agreement to acquire Masergy - a Plano, Texas-based pioneer in software-defined networking (SDN) and cloud platforms for global enterprises. The acquisition accelerates Comcast Business's increasing growth serving large and mid-size companies, particularly U.S.-based organizations with multi-site global operations.

With over twenty years' experience and innovation in 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 leading advanced fiber network and Masergy's innovative services will enable Comcast Business customers to manage their international operations and networks more efficiently and securely.

"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."

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.

"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," said Chris MacFarland, Chairman and CEO, Masergy.

Comcast Business's acquisition of Masergy is subject to regulatory approval and other customary conditions. Financial terms of the acquisition were not disclosed.

Published Wednesday, August 25, 2021 1:25 PM by David Marshall
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