TMCnet News
GTT Acquires Custom ConnectGTT Communications, Inc. (NYSE:GTT), the leading global cloud networking provider to multinational clients, announced today the acquisition of Custom Connect, an Amsterdam-headquartered provider of high-speed network connectivity serving the world's leading multinational enterprises and financial trading firms. The strategic combination:
"Custom Connect and GTT are highly complementary businesses and the combination provides strategic advantages to our clients as well as our organizations," said Olav van Doorn, Custom Connect CEO. "GTT gains strategic network assets and marquis clients. We look forward to a seamless integration in the upcoming months." Oppenheimer served as the exclusive financial advisor to Custom Connect. Mamadoo Ventures participated in the transaction as principal outside investor in Custom Connect. About GTT GTT provides multinationals with a better way to reach the cloud through its suite of cloud networking services, including optical transport, wide area networking, internet, managed services, voice and video services. The company's Tier 1 IP network, ranked in the top five worldwide, connects clients to any location in the world and any application in the cloud. GTT delivers an outstanding client experience by living its core values of simplicity, speed and agility. For more information on how GTT is redefining global communications, please visit www.gtt.net.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180108005675/en/ |