 |
NewsPacketExchange Acquires MZIMA’S Network Assets As The Companies Merge Their Operations01.18.10 Deal positions the combined company as a leader in Global, Next Generation Network Services
PacketExchange, a London-based company, has an extensive global network footprint that leverages its 10 Gigabit backbone to provide global Ethernet private line services, MPLS and VPLS networking and peering services. Mzima owns and manages a private, optical longhaul network serving as the foundation for an Ethernet-over-PBB-TE mesh architecture and its highly resilient optical IP transit network. The combined company now offers hundreds of network points of presence and peering partners to over 100 countries globally. “With the fast pace of market evolution towards global Ethernet utilization and Cloud Connectivity, we aim to be at the forefront of service delivery for these new network architectures,” states Rick Mace, Chief Executive Officer of PacketExchange. “This combined entity catapults us into a leadership position, offering our customers and strategic peering partners expanded network reach across one of the most advanced high performance networks in the world. The company also offers access to superior customer service due to our globally diversified technical and support teams joining forces. We see this acquisition as the first part of a larger strategy to further create a networking powerhouse to deliver the service and networking needs of global corporations. Mzima‘s deal is the first step in a series of strategic transactions to strengthen our position within the enterprise market. This deal was managed by Redwood Capital Group, a leading investment banking firm that is retained by PacketExchange to continue to assist in strategic M&A activity moving forward.” Grant Kirkwood, a ten-year veteran in IP communications and CTO of Mzima Networks, will serve as Chief Technology Officer for the newly merged company. He will oversee the complete integration of each company’s network, creating a ubiquitous and seamless global architecture to support clients’ needs and to position PacketExchange for further growth. “There are tremendous synergies between the two companies, including our complimentary network footprints and IP service offerings,” states Mr. Kirkwood. “The newly combined company is optimized to offer its state-of-the-art architecture for next generation services and global innovation specifically served through our content delivery network, IP transit, global Ethernet transport services and global peering capabilities- the core of our network strength.” Today’s bandwidth intensive clients can experience high levels of performance, increased reliability, and lower latency with Mzima and PacketExchange’s combined global, next generation network and service offerings. PacketExchange’s Ethernet Private Line service, DireXion, offers secure layer 2 private networking across a meshed Ethernet over MPLS infrastructure making it easy for customers to connect sites and share information globally. With Mzima’s high performance international IP backbone optimized for 100% uptime, the combined network architectures truly make PacketExchange a leader in next generation network services. About PacketExchange About Mzima Networks About Redwood Capital Public Relations |
Redwood’s CEO Op-Ed: 2010 – The Year of the Entrepreneur
What can we look forward to after the worst U.S. economic and financial crisis in decades, possibly since the Great Depression? As crazy as it sounds at first, I believe 2010 will be the year of the entrepreneur.
Which Way M&A? Consolidation, Low-Cost Acquisitions May Lie Ahead...
What happens to the fragile digital music space in 2010? The tail end of 2009 witnessed some distressed buyouts, and a number of companies are currently rattling the exit door. According to a recent projection by Redwood Capital Group, a number of low-earning startups could be interesting to larger, more traditional media companies, mostly because of their audiences.
To navigate Greenwich's budget gap, look to proven solutions - By Gregory Bedrosian
In a scene that's being repeated in city halls and state houses across the country, the leadership of Greenwich is doing the hard work of re-crafting the town budget in the face of an extraordinary projected budget shortfall of $31 million. We are part of a great national debate on how to navigate a historic financial and economic crisis. |
Los Angeles, CA –PacketExchange, the next generation network service provider with coverage in Europe, the United States and Asia, today announces it will acquire Mzima Networks, a premier high-performance network service provider, and will merge both companies’ customer base and operations. The combined entity will offer a new, global, next-generation IP and WAN network and services with over 500 customers and hundreds of points of presence in over 100 countries worldwide. 