GTT Communications to enhance presence with Access Point acquisition

Share this on social media:

GTT Communications has acquired Access Point, a North Carolina-based service provider, in order to enhance the global cloud networking provider’s presence in markets including retail, manufacturing and energy, whilst providing upsell opportunities.

The aim is that Access Point’s complementary managed broadband, internet and voice capabilities will reinforce GTT’s market leadership in cloud networking, whilst new partner relationships in the indirect channel, will complement GTT’s expanding presence in the channel marketplace.

Commenting on the acquisition, Rick Calder, GTT president and CEO said: ‘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.’

Added Richard Brown, Access Point CEO: ‘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.’

GTT paid $40 million for the acquisition. This is composed of $35 million in cash and 115,194 shares valued at $5 million.

This is the most recent step along the acquisition trail for the company, which purchased Canada-based Accelerated Connections (ACI) earlier this year (see GTT gains 72,000km European fibre network in €1.9 billion Interoute acquisition). It also made gains in Europe with its acquisition of Interoute (see GTT gains 72,000km European fibre network in €1.9 billion Interoute acquisition).

Recent News

15 October 2021

Lumentum has awarded its first diversity, inclusion, and belonging (DIB) scholarships to 16 applicants from its 2021 internship program.

13 October 2021

Ciena and not-for-profit organisation, Academy Achievers are collaborating to help close the digital and educational gap among students interested in science, technology, engineering, and math (STEM) careers.

12 October 2021

Private investment house Ardian, has made its first investment in the Spanish telecoms market with the acquisition of operator Adamo from EQT Private Equity.

11 October 2021

UK ISP and network builder, Upp has partnered with network design and build firm Light Source to help deliver its FTTH connection across Lincolnshire.