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.
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