(WEB HOST INDUSTRY REVIEW) — Creating a combined entity that will offer new, global, next-generation IP and WAN network and services, network services provider PacketExchange (www.packetexchange.net) has announced it will acquire competing high-performance network service firm Mzima Networks (www.mzima.net).
London-based PacketExchange has an extensive global network footprint across Europe, the US and Asia, using a 10 Gigabit backbone to provide global Ethernet private line services, MPLS and VPLS networking and peering services. Mzima owns and manages a private, optical long-haul network, serving as the foundation for an Ethernet-over-PBB-TE mesh architecture and its highly resilient optical IP transit network.
According to PacketExchange’s Monday announcement, the combined company will offer more than 500 existing customers hundreds of network points of presence and peering partners to more than 100 countries around the world, helping them experience high levels of performance, increased reliability, and lower latency.
“With the fast pace of market evolution towards global Ethernet utilization and cloud connectivity, we aim to be at the forefront of service delivery for these new network architectures,” PacketExchange chief executive officer Rick Mace said in a statement. “This combined entity catapults us into a leadership position, offering our customers and strategic peering partners expanded network reach across one of the most advanced high performance networks in the world.”
Mace also noted that PacketExchange will offer access to superior customer service because its globally diversified technical and support teams will join forces. “We see this acquisition as the first part of a larger strategy to further create a networking powerhouse to deliver the service and networking needs of global corporations,” he said. “Mzima’s deal is the first step in a series of strategic transactions to strengthen our position within the enterprise market.”
Mzima Networks chief technology officer Grant Kirkwood, a 10-year veteran in IP communications, will serve as CTO for the newly merged company, where he will oversee the complete integration of each company’s network, creating a ubiquitous and seamless global architecture to support clients’ needs and to position PacketExchange for further growth.
“There are tremendous synergies between the two companies, including our complimentary network footprints and IP service offerings,” Kirkwood said in a statement. “The newly combined company is optimized to offer its state-of-the-art architecture for next generation services and global innovation specifically served through our content delivery network, IP transit, global Ethernet transport services and global peering capabilities- the core of our network strength.”
This deal was managed by investment bank Redwood Capital (www.redcapgroup.com), which PacketExchange will look to in the future for assistance in strategic mergers and acquisitions activity.
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