Global Network Provider GTT Buys Access Point For $40 Million


gtt.net logo📅 - GTT (gtt.net), an owner/operator of a global Tier 1 Internet network and provider of a comprehensive suite of cloud networking services to any location in the world, has acquired Access Point – a provider of communication services headquartered in Cary, North Carolina. GTT paid $40 million to acquire Access Point, composed of $35 million in cash and 115,194 shares valued at $5 million.

Access Point would add a growing roster of strategic U.S. enterprise clients to GTT's customer base, deepening the company's presence in key verticals such as retail, manufacturing and energy, with significant upsell opportunities. The acquisition would also add new partner relationships in the indirect [...][... Check source for end of article ...]
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Company: GTT

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