Jan, 2010 : PacketExchange Acquires Mzima's Network Assets
📅 - Combined entity to offer a new, global, next-generation IP and WAN network and services.
PacketExchange, a network service provider, today announced that it will acquire Mzima Networks, a network service provider, and will merge both companies customer base and operations. The company claims that the combined entity will offer a new, global, next-generation IP and WAN network and services with over 500 customers and hundreds of points of presence in over 100 countries worldwide.
It states that it has an extensive global network footprint that leverages its 10 Gigabit backbone to provide global Ethernet private line services, MPLS and VPLS networking and peering services. Mzima owns and manages a private, optical longhaul network serving as the foundation for an Ethernet-over-PBB-TE mesh architecture and its highly resilient optical IP transit network. The company avers that the combined company now offers hundreds of network points of presence and peering partners to countries globally.
"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," states Rick Mace, Chief Executive Officer of PacketExchange. "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. The company also offers access to superior customer service due to our globally diversified technical and support teams joining 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. Mzima's deal is the first step in a series of strategic transactions to strengthen our position within the enterprise market. This deal was managed by Redwood Capital, a leading investment firm that is retained by PacketExchange to continue to assist in strategic M&A activity moving forward."
It further states that Grant Kirkwood, a ten-year veteran in IP communications and CTO of Mzima Networks, will serve as Chief Technology Officer for the newly merged company. He will oversee the complete integration of each company's network, creating a ubiquitous and seamless global architecture to support clients needs.
"There are tremendous synergies between the two companies, including our complimentary network footprints and IP service offerings," states Mr. Kirkwood. "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."
PacketExchange, a network service provider, today announced that it will acquire Mzima Networks, a network service provider, and will merge both companies customer base and operations. The company claims that the combined entity will offer a new, global, next-generation IP and WAN network and services with over 500 customers and hundreds of points of presence in over 100 countries worldwide.
It states that it has an extensive global network footprint that leverages its 10 Gigabit backbone to provide global Ethernet private line services, MPLS and VPLS networking and peering services. Mzima owns and manages a private, optical longhaul network serving as the foundation for an Ethernet-over-PBB-TE mesh architecture and its highly resilient optical IP transit network. The company avers that the combined company now offers hundreds of network points of presence and peering partners to countries globally.
"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," states Rick Mace, Chief Executive Officer of PacketExchange. "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. The company also offers access to superior customer service due to our globally diversified technical and support teams joining 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. Mzima's deal is the first step in a series of strategic transactions to strengthen our position within the enterprise market. This deal was managed by Redwood Capital, a leading investment firm that is retained by PacketExchange to continue to assist in strategic M&A activity moving forward."
It further states that Grant Kirkwood, a ten-year veteran in IP communications and CTO of Mzima Networks, will serve as Chief Technology Officer for the newly merged company. He will oversee the complete integration of each company's network, creating a ubiquitous and seamless global architecture to support clients needs.
"There are tremendous synergies between the two companies, including our complimentary network footprints and IP service offerings," states Mr. Kirkwood. "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."
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