GTT Acquires ACI in Wake of Interoute Buy

GTT Acquires ACI in Wake of Interoute Buy

By Paula Bernier

GTT Communications Inc. today announced the acquisition of Accelerated Connections. The move comes just weeks after GTT announced plans to buy Interoute for $2.3 billion.

ACI is a Toronto-based provider of managed networking, VoIP, and collocation services. GTT says its purchase of the company gives it one of the largest non-incumbent footprints in Canada. This deal also provides GTT with additional services and adds strategic clients in key verticals like financial, hospitality, and retail.

“ACI’s deep experience in delivering cloud networking services to distributed enterprises in Canada significantly expands GTT’s global presence,” said Rick Calder, president and CEO of GTT, which says it will disclose the financial terms of the ACI buy with its first quarter 2018 results. “This acquisition demonstrates our commitment to invest in assets and capabilities that enable us to deliver on our purpose of connecting people across organizations and around the world.”

GTT caters to multinationals with cloud-based service including optical transport, WAN solutions, internet, managed services, and voice and video services. It was started by H. Brian Thompson, who today serves as GTT’s executive chairman of the board. He was an executive vice president of MCI, which WorldCom bought in 1998 for $37 billion. Then, he founded LCI International, which he later sold to Qwest for $4.4 billion.

As noted above, GTT also recently bought Interoute, a London-based company with a market value of more than $2 billion. And last year, its annual revenue was $884 million.

GTT’s purchase of Interoute provides it with 72,000 kilometers of fiber in Europe, data centers, and collocation assets. GTT President and CEO Rick Calder said that deal: “creates a disruptive market leader.” He added the acquisition will help it address the demand for distributed cloud networking in Europe, the U.S. and elsewhere. 

Giglinx, Global Capacity, and Perseus are among the other recent GTT acquisitions.




Edited by Mandi Nowitz
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Executive Editor, TMC

SHARE THIS ARTICLE
Related Articles

LogMeIn Rescue, to the Rescue: Forrester Studies GoTo's Support Capabilities

By: Alex Passett    9/22/2023

Over a period of three years, a Forrester Total Economic Impact (TEI) study examined the business and financial benefits of LogMeIn Rescue, a flagship…

Read More

Canadian Managed IT Services Gear Up for Cybersecurity Awareness Month

By: Contributing Writer    9/22/2023

October, prominently known as Cybersecurity Awareness Month, is an annual observance and an intensified rally for Canada's premier IT service provider…

Read More

ITEXPO Exhibitor RingLogix Looks to TeamMate to Open New Possibilities for MSPs

By: Greg Tavarez    9/21/2023

The RingLogix and TeamMate collaboration enables MSPs to get the most out of Microsoft Teams as a collaboration solution.

Read More

Acronis Introduces Advanced Automation for MSPs

By: Stefania Viscusi    9/21/2023

Acronis Advanced Automation addresses a common challenge faced by MSPs, the increasing complexities businesses face with so many different initiatives…

Read More

Comprehensive Cybersecurity Solutions: Rackspace Taps Palo Alto Networks

By: Alex Passett    9/20/2023

Strengthening organizations' abilities to stay ahead of progressively evolving cyber threats and attackers is key. That's why Rackspace Technology has…

Read More