GTT Buys IDC Global, Moves Into Cloud Services

February 5th, 2013 by · Leave a Comment

GTT made another inorganic move yesterday with the announcement that it has acquired Chicago's IDC Global. That will add IDC Global's two colo facilities and the metro fiber hooking them up to 350 East Cermak to GTT's collection of assets, and give it a head start with cloud services too.

Over the last few years, GTT has been busy transforming itself from a reseller into a network provider in its own right. The purchases of PacketExchange and nLayer gave them an IP/MPLS/Ethernet backbone, and they've been spending some capex to expand that footprint further in recent quarters.

Yesterday's purchase gives the company some colo and managed cloud depth to pair with it, adding some clarity to their overall plans going forward. Managed cloud services paired with managed network services is looking like an increasingly popular approach these days.

Terms of the deal were not disclosed.

Categories: Cloud Computing · Managed Services · Mergers and Acquisitions

Discuss this Post


Leave a Comment

You may Log In to post a comment, or fill in the form to post anonymously.





  • Ramblings’ Jobs

    Post a Job - Just $99/30days
  • Event Calendar