Global Capacity completes MegaPath acquisition
Global Capacity has completed its acquisition of MegaPath’s Network Services business unit.
Announced in September last year, the acquisition is designed to expand Global Capacity’s One Marketplace platform, and help to change the way businesses and service providers buy data network connectivity.
“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,” said 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.”
Erin Dunne, director of research at Vertical Systems Group, said that market factors such as Ethernet and cloud growth, as well as high-bandwidth applications are creating an enormous demand for connectivity services.
“Global Capacity and MegaPath’s combined networks and automation systems form a business that eases the process of extending network connectivity,” Dunne added.