Another M&A for GTT: Access Point

October 2nd, 2018 by · Leave a Comment

With the Interoute integration well underway, GTT apparently needed some more action to fill up its autumn season.  Yesterday they announced another deal, acquiring Access Point.  

Access Point is a service provider based out of Cary, North Carolina that targets the enterprise market.  They offer the usual range of services from telephony, IP, Ethernet and on up, but specialize in a range of managed services and especially VoIP/UC via a BroadSoft-based platform.  They have also been making a move into SD-WAN, leveraging technology from VeloCloud.

None of that will be particularly new to GTT of course, which mainly gains a broader enterprise customer portfolio, a deeper indirect channel, and of course some new talent out of the deal.  The price tag was $40M, of which $35M was cash and the remainder stock.   The company expects a rapid integration.

 

Categories: 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