Comcast Business Completes Acquisition of Masergy | Business

PHILADELPHIA – (BUSINESS WIRE) – October 8, 2021–

Comcast Business announced today that it has completed the acquisition of Masergy, a Plano, Texas-based pioneer in software-defined networks (SDN) and cloud platforms for global businesses. The acquisition accelerates the growth of Comcast Business serving large and medium-sized enterprises, particularly US-based organizations with global multi-site operations and strengthens its overall channel distribution strategy.

“We are very pleased to have completed our acquisition of Masergy and are delighted to officially have their exceptional employees and leadership within the Comcast Business family,” said Bill Stepper, President of Comcast Business. “This agreement strengthens our channel distribution strategy and redoubles our commitment to the channel partner community. The combination of our teams and complementary service portfolios will increase the value we bring to large and mid-sized businesses around the world. “

With over twenty years of experience and innovation in network management, cloud and security services, Masergy has more than 1,400 customers in nearly 100 countries around the world. The combination of Comcast Business’s leading advanced network and Masergy’s innovative services will enable Comcast Business customers to more effectively manage their international networks and operations.

“On behalf of everyone at Masergy, we are delighted to officially join the Comcast Business family and are extremely excited as we chart the future of Masergy together,” said Chris MacFarland, President and CEO of Masergy. “Our customers and partners can expect the same cutting-edge 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 the future. Powered by the country’s largest Gig broadband network and backed by 24/7 customer support, Comcast Business is the country’s largest cable provider for small and medium-sized businesses and a leading service provider on the business market. Comcast Business was always recognized by analysts and industry associations as a leader and innovator, and one of the fastest growing Ethernet service providers.

For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media channels at http://business.comcast.com/social.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people at important times. We are primarily focused on broadband, aggregation and streaming with 57 million customer relationships in the US and Europe. We provide broadband, wireless and video services through our Xfinity, Comcast Business and Sky brands; create, distribute and stream premier entertainment, sports and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News and Air Sports; and deliver memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211008005014/en/

CONTACT: Media: Matt Helmke, Senior Director, Corporate Communications

Comcast Enterprise

215.286.8666

mat—[email protected]

KEYWORD: UNITED STATES NORTH AMERICA TEXAS PENNSYLVANIA

INDUSTRY KEYWORD: TV AND RADIO TECHNOLOGY OTHER COMMUNICATIONS ENTERTAINMENT COMMUNICATIONS SECURITY OTHER TECHNOLOGIES TELECOMMUNICATIONS SOFTWARE NETWORKS INTERNET

SOURCE: Comcast Business

Copyright Business Wire 2021.

PUB: 08/10/2021 10:30 am / DISC: 08/10/2021 10:32 am

http://www.businesswire.com/news/home/20211008005014/en

Copyright Business Wire 2021.

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