GTT Acquires Access Point
MCLEAN, VA: GTT Communications, Inc. (NYSE: GTT), the leading cloud networking provider to multinational clients, announced today the acquisition of Access Point, a provider of communication services headquartered in Cary, North Carolina.
Access Point contributes to GTT:
• A growing roster of strategic U.S. enterprise clients, deepening GTTs presence in key verticals such as retail, manufacturing and energy, with significant upsell opportunities
• Complementary managed broadband, internet and voice capabilities to reinforce GTTs market leadership in cloud networking
• New partner relationships in the indirect channel, complementing GTTs expanding presence in the channel marketplace
• A track record of serving clients with highly responsive support, aligning with GTTs core values of simplicity, speed and agility
Access Points strong client relationships in key vertical markets make it a compelling strategic fit for GTT,said Rick Calder, GTT president and CEO. We expect a rapid integration as we work with our new clients to deliver on our purpose of connecting people across organizations, around the world and to every application in the cloud.
With GTT, Access Point customers now have access to one of the industry’s largest Tier 1 global IP networks and a broad portfolio of cloud networking services backed by a commitment to providing outstanding service that mirrors our own, said Richard Brown, Access Point CEO. We value the loyalty of our customers, and we look forward to providing them an even more robust set of communication services as we integrate swiftly with GTT.
GTT paid $40 million to acquire Access Point, composed of $35 million in cash and 115,194 shares valued at $5 million. Citizens Capital Markets served as adviser to Access Point on this transaction.
Recognizing Bare Metal Switches
Nomadix Launches New Gateway to Support Hotels with High Speed Fiber Internet
By James Seevers, CIO & GM, Toyoda Gosei
By Bill Krivoshik, SVP & CIO, Time Warner Inc.
By Gregory Morrison, SVP & CIO, Cox Enterprises
By Alberto Ruocco, CIO, American Electric Power
By Bruce. D. Smith, SVP & CIO, Information Systems, Advocate...
By Adrian Mebane, VP-Global Ethics & Compliance, The Hershey...
By Graham Welch, Director-Cisco Security, Cisco
By Michael Watkins, Senior Product Director, Global Knowledge
By Bernd Schlotter, President of Services, Unify
By Patrick Hale, CIO, VITAS Healthcare
By Steve Bein, VP-GIS, Michael Baker International
By Jason Alan Snyder, CTO, Momentum Worldwide
By Mike Morris, CIO, Legends
By Louis Carr, Jr., CIO, Clark County
By Bill Dow, SVP and General Manager of Business Solutions,...
By Jim Whitehurst, CEO, Red Hat
By Darren Cockrel, CIO, Coyote Logistics, a UPS Company...
By Nathan Johnson, SVP and CIO, Werner Enterprises [NASDAQ:...
By David Tamayo, CIO, DCS Corporation
By Neil Hampshire, CIO, ModusLink Global Solutions, Inc....