Global Capacity completed its previously announced 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 deal covers Megapath’s wholesale business and national colocation aggregation network. Pivotal Group, a private equity group, provided financing and retains ownership of the company.
Global Capacity said its combination of online applications and network reach enables efficient, cost-effective fulfillment of connectivity solutions to over 14 million businesses across the U.S.
Global Capacity’s systems automate greater than 70% of orders from design to bill. Its platform processes over 26 million connectivity quotes annually, with its One Marketplace analytics engine providing unprecedented visibility and transparency into the highly fragmented global connectivity market. 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.”
