Global Capacity Completes Acquisition of MegaPath's Network Services Business
Leading Connectivity as a Service Company Positioned to Disrupt How the Market Connects.
- Chicago, IL (1888PressRelease) January 07, 2015 - Global Capacity, the leading connectivity as a service company, today announces the completion of its acquisition of MegaPath's Network Services business unit, creating a $300 million company uniquely positioned to change how businesses and service providers buy data network connectivity. The acquisition expands and enhances Global Capacity's award-winning One Marketplace, an innovative platform that leverages a unique combination of aggregation, automation and information to streamline and simplify the process of designing, pricing, procuring and delivering data connectivity solutions.
"Market factors, including Ethernet and cloud growth as well as the proliferation of higher bandwidth applications are creating unprecedented demand for connectivity services," said Erin Dunne, Director of Research, Vertical Systems Group. "Global Capacity and MegaPath's combined network and automation systems form a business that eases the process of extending network connectivity."
Global Capacity's combination of online applications and global network reach enables efficient, cost-effective fulfillment of connectivity solutions to over 14 million businesses across the U.S. Its innovative systems automate greater than 70% of orders from design to bill, setting the standard for efficient and software-enabled services. The platform processes over 26 million connectivity quotes annually, with the One Marketplace analytics engine providing unprecedented visibility and transparency into the highly fragmented global connectivity market.
With ubiquitous network connectivity to and from cloud, Internet, wireless and private networks, the platform leverages 41 Points of Presence (PoPs), 2,007 Central Offices (COs) and over 4,500 last-mile network interconnections to deliver on its brand promise of Connectivity Made Simple to over 20,000 business and over 400 application service providers, telecommunication carriers, managed service providers and system integrator customers.
"The disruptive nature of the One Marketplace platform has become increasingly self-evident in the market, and the ability to accelerate the scale and competitiveness of our platform through the addition of these assets is very exciting," says Jack Lodge, President of Global Capacity. "We will continue our drive to fundamentally change the landscape of the global data connectivity market, and this acquisition accelerates the pace at which we can continue to disrupt the status quo."
Global Capacity will remain a privately held company owned by Pivotal Group. The Company will continue to be led by a seasoned executive team including Jack Lodge, President, Ben Edmond, Chief Revenue Officer, and Vic Pierni, Chief Financial Officer. The executive team will be strengthened with the addition of former CIO of MegaPath, Cornelia Pool, who will serve as Global Capacity's Chief Technology Officer; and former MegaPath Vice President of Regulatory Affairs, Katherine Mudge, who will serve as Global Capacity's EVP & General Counsel. Financial terms of the acquisition were not disclosed.
"We believe Global Capacity's management team, leading technology, and global reach uniquely position the company to fundamentally transform the way companies buy network connectivity," states F. Francis Najafi, Founder and CEO of Pivotal Group. "Completing the acquisition of the MegaPath strategic assets will scale our platform and significantly improve our competitive pricing capabilities in the market place."
For more information about how Global Capacity is changing how the market buys network connectivity, visit www.globalcapacity.com.
About Global Capacity
Global Capacity is the leading connectivity as a service company that improves the efficiency and reduces the cost of data network services globally. Through its One Marketplace, the company brings together customers and suppliers through an automated platform that provides ubiquitous network solutions that deliver on its brand promise of Connectivity Made Simple. Global Capacity delivers its innovative solutions to telecommunication carriers, managed service providers, system integrators, and enterprise customers globally. Additional information can be found at www.globalcapacity.com or by following Global Capacity on Twitter and LinkedIn.
MEDIA INQUIRIES:
Global Capacity Contacts:
Ilissa Miller
iMiller Public Relations for Global Capacity
Tel: +1 866 307 2510
marketing ( @ ) globalcapacity dot com dot
Mary Stanhope
Vice President of Product and Marketing, Global Capacity
Tel: +1 781 902 5216
mstanhope ( @ ) globalcapacity dot com.
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