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Spread Networks is exclusive channel partner for fastest route between Carteret NJ and BM&F Bovespa

Boston, MA, May 8, 2017 – Seaborn Networks (Seaborn), a leading developer-owner-operator of submarine fiber optic cable systems, announced today that Spread Networks is Seaborn’s exclusive channel partner for sales to the financial vertical on Seabras-1 between New Jersey and São Paulo. This includes sales of SeaSpeed™, Seaborn’s proprietary ultra-low latency (ULL) solution providing the lowest latency path between Carteret, New Jersey and the BM&F Bovespa Stock Exchange in São Paulo, Brazil.

“We are very pleased to be a part of Seaborn’s commitment to ULL solutions of the highest quality,” said Dan Spivey, Founder & CEO of Spread Networks. “As the lowest latency fiber provider from Chicago to New York, we are uniquely positioned to offer financial customers a seamless channel to the lowest latency, market-to-market wave services between the financial centers of the US and Brazil.”

Seabras-1 is the only direct point to point submarine cable system between metro New York and metro São Paulo.  Seaborn is the developer-owner-operator of Seabras-1. The system was in development for more than five years, with a total project cost of more than US$520 million.

“Given our historical relationships with Spread Networks and their leadership role in the ULL sector, we welcome them as our partner on the most technologically advanced submarine cable between the US and Brazil,” said Larry Schwartz, Chairman & CEO of Seaborn.  “Our proprietary SeaSpeed product is the first Carteret-Bovespa ULL solution with an intentional subsea design for the financial industry.”

Circuits will be activated on Seabras-1 for the financial industry in July 2017.

About Spread Networks

Spread Networks, a privately-owned telecommunications provider, built a fiber network on the shortest possible route from New York to Chicago to set a new standard for latency, diversity and reliability. Spread Networks provides its customers with a state-of-the-art diverse and secure fiber optic network to allow data to run as close as possible to the true speed of light through fiber.

www.spreadnetworks.com

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About Seaborn Networks
Seaborn Networks is the leading developer-owner-operator of independent submarine fiber optic cable systems, including Seabras-1 between New York and São Paulo (ready-for-service June 2017), and ARBR between São Paulo and Buenos Aires (projected ready-for-service Q4 2018).

www.seabornnetworks.com

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Mary Stanhope, VP of Global Marketing, to Join Industry Panel at ITW 2017

Waltham, MA, USA, May 8, 2017 Global Capacity, the leading connectivity as a service company, today announces its participation at International Telecoms Week (ITW) 2017, taking place May 14-17 in Chicago, Il.  As the wholesale telecommunications industry’s largest annual event, ITW 2017 will converge executives from leading global organizations to exchange business ideas and expand their network reach through collaborative partnerships.

On Tuesday, May 16, Mary Stanhope, Global Capacity’s Vice President of Global Marketing, will join industry professionals from Identidad TelecomHuaweiHewlett Packard EnterpriseGlobetouch and Telefonica Business Solutions on the panel, “The Big Picture: The Wholesale Case for the Internet of Things.”  The session moderated by Alan Burkitt-Gray, Capacity Media Editor, will explore various revenue streams for carriers within the IoT space, how to create effective pricing structures to ensure ROI, and ways carriers can utilize existing enterprise segments expertise to build IoT ecosystems.

“Connectivity services are just a small part of the entire IoT market opportunity.  Technology, product and solution providers have no lack of choices when it comes to participating in IoT ecosystems,” explains Ms. Stanhope.  “By automating access to critical, real-time information about the many connectivity options and prices that are available at the edge of the network, and orchestrating a hybrid of access technologies, Global Capacity makes connecting at the edge of the network easy and cost-effective.”

Global Capacity eliminates the complexity and inefficiency of the network market with its award-winning marketplace of networks, One Marketplace™.  One Marketplace delivers unprecedented transparency, efficiency and simplicity to the complex and highly fragmented data connectivity market by combining intelligent information analytics and service automation through a suite of customer and supplier applications, along with network delivery, in order to streamline the process of designing, pricing, buying, delivering and managing data connectivity solutions.  Global Capacity’s One Marketplace dramatically simplifies and fundamentally changes how providers buy connectivity.

Request a meeting with Global Capacity at ITW 2017 to discuss how to participate in the marketplace and simplify connectivity from the edge of the network to high value destinations.

# # #

About Global Capacity 

Global Capacity is the leading connectivity as a service company that simplifies connecting Enterprises to high value Cloud and business destinations.  Through its award-winning software defined platform, One MarketplaceTM, the company provides the ubiquitous reach, flexible access options and reliable connectivity solutions that deliver on its brand promise of Connectivity Made SimpleTM.  Global Capacity delivers its innovative solutions to telecommunication carriers, managed service providers, application service providers and enterprise customers globally.  Learn more at globalcapacity.com or by following us on our blog Marketplace Network NewsTwitter @global_capacity and LinkedIn.

MEDIA INQUIRIES:

Ilissa Miller
iMiller Public Relations for Global Capacity
Tel: +1 866 307 2510
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Mary Stanhope
Vice President of Global Marketing, Global Capacity
Tel: +1 781 902 5216
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Demonstrates Consistent Growth and Margin Expansion

Q1 Revenue Grew 46.6% Year-Over-Year to $182.4 Million; Up 33.6% Sequentially

Q1 Adjusted EBITDA Grew 75.8% Year-Over-Year to $50.7 Million; Up 50.2% Sequentially

McLean, VA, May 4, 2017 —  GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today its financial results for the quarter ended March 31, 2017.

First quarter highlights:

  • Revenue of $182.4 million grew 46.6% over 1Q16, and grew 33.6% over 4Q16.
  • Net loss was $16.8 million, compared to net income of $0.9 million in 1Q16 and net loss of $0.9 million in 4Q16. 1Q17 net loss includes $29.5 million in non-recurring costs related to the Hibernia Networks ( “Hibernia”) acquisition and related debt refinancing.
  • Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) of $50.7 million grew 75.8% over 1Q16, and grew 50.2% over 4Q16. Adjusted EBITDA margin of 27.8% grew 460 basis points over 1Q16 and grew 300 basis points over 4Q16.
  • Capital expenditures were $8.5 million (4.6% of revenue), compared to $7.5 million in 1Q16 (6.0% of revenue) and $6.4 million in 4Q16 (4.7% of revenue).
  • Using constant currency (i) 1Q17 revenue and Adjusted EBITDA would have been higher than reported by $3.2 million and $1.2 million, respectively, compared to 1Q16, and (ii) 1Q17 revenue would have been higher than reported by $0.1 million and 1Q17 Adjusted EBITDA would have been unchanged compared to 4Q16.

On a pro forma basis, assuming (i) Hibernia’s historical results had been included for all applicable periods presented, and (ii) constant currency:

  • 1Q17 revenue and Adjusted EBITDA grew 8.9% and 15.3%, respectively, over 1Q16.
  • 1Q17 revenue and Adjusted EBITDA grew 2.3% and 2.6%, respectively, over 4Q16.

Note: The results above include the Hibernia Networks acquisition as of January 1, 2017.

See “Annex A: Non-GAAP Financial Information” for more information regarding the computation of Adjusted EBITDA, constant currency and pro forma calculations.

“GTT is off to a great start in 2017,” stated Rick Calder, GTT president and CEO. “Our integration of Hibernia is well underway, and we are on track to achieve our $30 million synergy target. We look forward to driving continued growth to achieve our next financial objectives of $1 billion in revenue and $250 million in Adjusted EBITDA.”

“GTT delivered consistent performance in the first quarter,” stated Mike Sicoli, chief financial officer. “We are very proud of our ability to balance growth and profitability as we expand our global scale and scope.”

Conference Call Information

GTT will hold a conference call on Thursday, May 4, 2017 at 10:00 a.m. Eastern Time. To participate in the live conference call, interested parties may dial +1.844.875.6916 or +1.412.317.6714, enter passcode 10101946, and ask for the GTT Communications call, or view the webcast at GTT’s website.

A telephonic replay of the conference call will be available for one week and may be accessed by calling +1.877.344.7529 or +1.412.317.0088 and using the passcode 10101946. The webcast will be archived in the investor relations section of GTT's website.

Forward-Looking Statements

This earnings release includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding GTT Communications, Inc.’s, plans, objectives and strategies or future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in the Company’s filings with the U.S. Securities and Exchange Commission. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks, which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.

About GTT

GTT provides multinationals with a better way to reach the cloud through its suite of cloud networking services, including wide area networking, Internet, managed services and voice 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.

GTT Media Inquiries:

Gina Nomellini

+1.512.721.0338

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GTT Investor Relations:

Jody Burfening/Carolyn Capaccio, LHA

+1.212.838.3777

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GTT Communications, Inc.

Condensed Consolidated Statements of Operations

 (Unaudited, amounts in millions, except for share and per share data) Three Months Ended March 31
  2017   2016
       
Revenue:      
Telecommunications services $ 182.4     $ 124.4  
       
Operating expenses:      
Cost of telecommunications services 91.4     66.2  
Selling, general and administrative expenses 52.9     32.2  
Severance, restructuring and other exit costs 10.7     1.5  
Depreciation and amortization 30.4     15.6  
       
Total operating expenses 185.4     115.5  
       
Operating (loss) income (3.0 )   8.9  
       
Other expense:      
Interest expense, net (15.7 )   (7.4 )
Loss on debt extinguishment (10.7 )    
Other expense, net (0.1 )   (0.2 )
       
Total other expense (26.5 )   (7.6 )
       
(Loss) income before income taxes (29.5 )   1.3  
       
(Benefit from) provision for income taxes (12.7 )   0.4  
       
Net (loss) income $ (16.8 )   $ 0.9  
       
(Loss) earnings per share:      
Basic $ (0.42 )   $ 0.02  
Diluted $ (0.42 )   $ 0.02  
       
Weighted average shares:      
Basic 40,410,554     36,854,219  
Diluted 40,410,554     37,455,379  


GTT Communications, Inc.

Condensed Consolidated Balance Sheets

 (Unaudited, amounts in millions, except for share and per share data) March 31, 2017   December 31, 2016
       
ASSETS      
Current assets:      
Cash and cash equivalents $ 33.0     $ 29.7  
Accounts receivable, net of allowances of $3,693 and $2,656, respectively 91.7     76.3  
Deferred costs 4.7     3.4  
Prepaid expenses 25.9     5.8  
Other assets 1.5     3.6  
Total current assets 156.8     118.8  
Restricted cash and cash equivalents     304.3  
Property and equipment, net 467.6     43.4  
Intangible assets, net 367.6     193.9  
Goodwill 467.1     280.6  
Other long-term assets 36.5     12.3  
Total assets $ 1,495.6     $ 953.3  
LIABILITIES AND STOCKHOLDERS EQUITY      
Current liabilities:      
Accounts payable $ 18.1     $ 11.3  
Accrued expenses and other current liabilities 57.9     36.9  
Acquisition earn-outs and holdbacks 27.4     24.4  
Current portion of capital lease obligations 0.8     1.0  
Current portion of long-term debt 7.0     4.3  
Deferred revenue 53.1     17.9  
Total current liabilities 164.3     95.8  
Capital lease obligations, net of current portion     0.1  
Long-term debt 958.2     725.2  
Deferred revenue, long-term portion 120.3     3.4  
Deferred tax liability 26.7      
Other long-term liabilities 13.2     1.0  
Total liabilities 1,282.7     825.5  
Commitments and contingencies      
Stockholders equity:      
Common stock, par value $.0001 per share, 80,000,000 shares authorized, 41,154,397 and 37,228,144 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively      
Additional paid-in capital 287.6     197.3  
Accumulated deficit (70.2 )   (64.6 )
Accumulated other comprehensive loss (4.5 )   (4.9 )
Total stockholders equity 212.9     127.8  
Total liabilities and stockholders equity $ 1,495.6     $ 953.3  


GTT Communications, Inc.

Condensed Consolidated Statements of Cash Flows

  (Unaudited, amounts in millions, except for share and per share data) Three Months Ended March 31
  2017   2016
Cash flows from operating activities:      
Net (loss) income $ (16.8 )   $ 0.9  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 30.4     15.6  
Share-based compensation 4.6     1.6  
Debt discount amortization 0.1     0.3  
Loss on debt extinguishment 10.7      
Amortization of debt issuance costs 0.7     0.4  
Excess tax benefit from stock-based compensation (5.3 )    
Deferred income taxes (8.8 )    
Change in deferred revenue (11.2 )   0.3  
Change in deferred costs (1.3 )   0.2  
Changes in operating assets and liabilities, net of acquisitions (0.8 )   (13.1 )
Net cash provided by operating activities 2.3     6.2  
       
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired (513.1 )   (13.8 )
Purchase of customer contracts (3.9 )    
Change in restricted cash and cash equivalents 304.3      
Purchases of property and equipment (8.5 )   (7.5 )
Net cash used in investing activities (221.2 )   (21.3 )
       
Cash flows from financing activities:      
Proceeds from revolving line of credit     14.0  
Repayment of revolving line of credit (20.0 )    
Proceeds from term loan 696.5      
Repayment of term loan (427.5 )   (1.0 )
Payment of earn-out and holdbacks (1.8 )   (1.0 )
Debt issuance costs (24.8 )    
Repayment of capital leases (0.3 )   (0.2 )
Proceeds from issuance of common stock under employee stock purchase plan 0.1      
Tax withholding related to the vesting of restricted stock units (1.4 )   (0.5 )
Exercise of stock options 0.8     0.2  
Net cash provided by financing activities 221.6     11.5  
Effect of exchange rate changes on cash 0.6     (0.9 )
Net increase (decrease) in cash and cash equivalents 3.3     (4.5 )
Cash and cash equivalents at beginning of period 29.7     14.6  
Cash and cash equivalents at end of period $ 33.0     $ 10.1  


ANNEX A: Non-GAAP Financial Information

In addition to financial measures prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), from time to time we may use or publicly disclose certain “non-GAAP financial measures” in the course of our financial presentations, earnings releases, earnings conference calls and otherwise. For these purposes, the U.S. Securities and Exchange Commission (“SEC”) defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial positions or cash flows that (i) excludes amounts, or is subject to adjustments that effectively exclude amounts, included in the most directly comparable measure calculated and presented in accordance with GAAP in financial statements, and (ii) includes amounts, or is subject to adjustments that effectively include amounts, that are excluded from the most directly comparable measure so calculated and presented.

Non-GAAP financial measures are provided as additional information to investors to provide an alternative method for assessing our financial condition and operating results. We believe that these non-GAAP measures, when taken together with our GAAP financial measures, allow us and our investors to better evaluate our performance and profitability. These measures are not in accordance with, or a substitute for GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. These measures should be used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures.

Pursuant to the requirements of Regulation G, whenever we refer to a non-GAAP financial measure, we will also generally present the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”)

Adjusted EBITDA is defined as net income/(loss) before interest, income taxes, depreciation and amortization (“EBITDA”) adjusted to exclude severance, restructuring and other exit costs, acquisition-related transaction and integration costs, losses on extinguishment of debt, stock-based compensation and, from time to time, other non-cash or non-recurring items.

We use Adjusted EBITDA to evaluate operating performance, and this financial measure is among the primary measures we use for planning and forecasting future periods. We further believe that the presentation of Adjusted EBITDA is relevant and useful for investors because it allows investors to view results in a manner similar to the method used by management and makes it easier to compare our results with the results of other companies that have different financing and capital structures. In addition, we have debt covenants that are based on a leverage ratio that utilizes a modified EBITDA calculation, as defined in our Credit Agreement. The modified EBITDA calculation is similar to our definition of Adjusted EBITDA; however, it includes the pro forma Adjusted EBITDA of and expected cost synergies from the companies acquired by us during the applicable reporting period. Finally, Adjusted EBITDA results, along with other quantitative and qualitative information, are utilized by management and our compensation committee for purposes of determining bonus payouts to our employees.

Adjusted EBITDA Less Capital Expenditures

Adjusted EBITDA less purchases of property and equipment, which we also refer to as capital expenditures, is a performance measure that is used to evaluate the appropriate level of capital expenditures needed to support our expected revenue and to provide a comparable view of our performance relative to other telecommunications companies that may utilize different strategies for providing access to fiber-based services and related infrastructure. We use a “capex light” strategy, which means we purchase fiber-based services and related infrastructure from other providers on an as-needed basis, pursuant to our customers’ requirements. Many other telecommunications companies spend significant amounts of capital expenditures to construct their own fiber networks and data centers, and attempt to purchase as little as possible from other providers. As a result of our strategy, we typically have lower Adjusted EBITDA margins compared to other providers but also spend much less on capital expenditures relative to our revenue. We believe it is important to take both of these factors into account when evaluating our performance.

The following is a reconciliation of Adjusted EBITDA and Adjusted EBITDA less capital expenditures from Net (Loss) Income (amounts in millions):

  Three Months Ended
(Amounts in millions, except share and per share data) March 31, 2017   December 31, 2016   March 31, 2016
           
Adjusted EBITDA          
Net (loss) income $ (16.8 )   $ (0.9 )   $ 0.9  
Provision for (benefit from) income taxes (12.7 )   3.6     0.4  
Interest and other expense, net 15.8     7.8     7.7  
Loss on debt extinguishment 10.7          
Depreciation and amortization 30.4     16.6     15.6  
Severance, restructuring and other exit costs 10.7         1.5  
Transaction and integration costs 8.1     1.7     1.3  
Share-based compensation 4.5     5.0     1.5  
Adjusted EBITDA 50.7     33.8     28.9  
Purchases of property and equipment (8.5 )   (6.4 )   (7.6 )
Adjusted EBITDA less capital expenditures $ 42.3     $ 27.4     $ 21.3  


Constant Currency

We evaluate our results of operations both as reported and on a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe providing constant currency information offers valuable supplemental information regarding our results of operations, consistent with how we evaluate our performance. We calculate constant currency results by converting our current-period local currency financial results using prior-period exchange rates and comparing these adjusted amounts to our prior-period reported results.

Pro Forma Financial Information

In addition to financial measures prepared in accordance with GAAP, from time to time we may use or publicly disclose certain “pro forma” financial measures in the course of our financial presentations, earnings releases, earnings conference calls and otherwise. We believe certain pro forma financial measures provide a more comparable view of our results relative to prior periods, particularly given the number of acquisitions we have completed in the past.

The following unaudited pro forma financial information and related notes present the historical information of GTT as if the acquisition of Hibernia Networks (“Hibernia”) had occurred on the first day of the period presented.

For the three months ended March 31, 2017, compared with the three months ended March 31, 2016, the following unaudited financial information presents historical GTT information as if the acquisition of Hibernia had occurred on the first day of the period presented, as reported and in constant currency:

($ in millions)

Three Months Ended

March 31

  2017   2016
Revenue      
GTT as reported $ 182.4     $ 124.4  
GTT pro forma adjustments      
Hibernia as reported     47.4  
Hibernia pro forma adjustments (1)     (1.5 )
Pro Forma Revenue $ 182.4     $ 170.3  
Pro Forma % Growth 7.1 %    
Pro Forma % Growth (Constant Currency) 8.9 %    
       
Adjusted EBITDA      
GTT as reported $ 50.7     $ 28.9  
GTT pro forma adjustments      
Hibernia as reported     17.3  
Hibernia pro forma adjustments (2)     (1.1 )
Pro Forma Adjusted EBITDA $ 50.7     $ 45.1  
Pro Forma Adjusted EBITDA Margin % 27.8 %   26.4 %
Pro Forma % Growth 12.7 %    
Pro Forma % Growth (Constant Currency) 15.3 %    

 

(1) Represents (i) revenue recognized by acquired companies from GTT prior to their respective close dates and (ii) adjustments in deferred revenue from acquired companies.
(2) Represents adjustments in deferred revenue from acquired companies.

For the three months ended March 31, 2017 compared with December 31, 2016, the following unaudited financial information presents historical GTT information as if the acquisition of Hibernia had occurred on the first day of the period presented, as reported and in constant currency:

($ in millions) Three Months Ended
  March 31, 2017   December 31, 2016
Revenue      
GTT as reported $ 182.4     $ 136.5  
GTT pro forma adjustments      
Hibernia as reported     43.4  
Hibernia pro forma adjustments (1)     (1.5 )
Pro Forma Revenue $ 182.4     $ 178.4  
Pro Forma % Growth 2.2 %    
Pro Forma % Growth (Constant Currency) 2.3 %    
       
Adjusted EBITDA      
GTT as reported $ 50.7     $ 33.8  
GTT pro forma adjustments      
Hibernia as reported     16.8  
Hibernia pro forma adjustments (2)     (1.1 )
Pro Forma Adjusted EBITDA $ 50.7     $ 49.5  
Pro Forma Adjusted EBITDA Margin % 27.8 %   27.7 %
Pro Forma % Growth 2.6 %    
Pro Forma % Growth (Constant Currency) 2.6 %    

 

(1) Represents (i) revenue recognized by acquired companies from GTT prior to their respective close dates and (ii) adjustments in deferred revenue from acquired companies.

(2) Represents adjustments in deferred revenue from acquired companies.


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McLean, VA, May 8, 2017 — GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, will present at the Jefferies 2017 Global Technology Conference taking place in Miami, Florida, on May 9, 2017. Mike Sicoli, chief financial officer, will meet with investors that day.

A copy of the company’s latest investor presentation is available on the company’s website.

About GTT

GTT provides multinationals with a better way to reach the cloud through its suite of cloud networking services, including wide area networking, internet, managed services and voice 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.

GTT Investor Relations:

Jody Burfening, Carolyn Capaccio
LHA
+1-212-838-3777
This email address is being protected from spambots. You need JavaScript enabled to view it.

GTT Media Inquiries:

Randall Slack
GTT
+1-908-988-1909
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Light Reading Recognizes the Differentiation of Global Capacity's Hybrid WAN Enterprise Service Offerings

Waltham, MA, USA, May 3, 2017 Global Capacity, the leading connectivity as a service company, today announces that it has been named a finalist for Most Innovative SD-WAN Deployment Strategy and Most Innovative Enterprise Service for the 2017 Leading Lights Award. The Leading Lights Awards, run by Light Reading, are the next-generation communications industry’s most coveted honor, recognizing the industry’s top telecom companies and executives for their outstanding achievements in services, applications and equipment.

Global Capacity’s Hybrid WAN solution was named one of three most Innovative Enterprise/SMB Service alongside AT&T and Equinix. Global Capacity’s Hybrid WAN solves enterprise connectivity challenges with a flexible network solution that combines Private line, MPLS, and Internet services over fiber, cable, copper and wireless access technologies.  With the combination of custom designed Hybrid WAN services and Global Capacity’s proprietary software engine and robust network aggregation platform, this unique WAN solution enables enterprises to modernize their network to serve the needs of multi-site global business, remote offices and virtual workplaces by simplifying and automating the connectivity lifecycle from quote to bill.

Global Capacity’s SD-WAN solution was named one of three most Innovative SDN/SD-WAN Deployment Strategy by a Network or Data Center Operator alongside Colt Technology Services and Tata Communications.  Global Capacity’s SD-WAN enables customers to choose the most effective way to dynamically route traffic to multiple locations.  The use of this managed SD-WAN service resolves some of the most pressing challenges faced by businesses while building and managing Hybrid WANs by offering lower costs, simplified routing over complex network configurations, load sharing across connectivity services, and visibility and control of connections.

“Global Capacity is honored to be recognized among leading carriers and services providers for our innovation in Enterprise services,” shares Jack Lodge, President of Global Capacity.  “Global Capacity’s One Marketplace Hybrid WAN and Managed SD-WAN solutions were designed to provide Enterprises with a better way to connect offices to high value destinations, and Light Reading’s recognition confirms our commitment to providing solutions that are simple, cost-effective and highly efficient.”

Global Capacity eliminates the complexity and inefficiency of the network market with its award-winning marketplace of networks, One Marketplace.  One Marketplace delivers unprecedented transparency, efficiency and simplicity to the highly fragmented data connectivity market by combining network delivery and service automation with a suite of customer and supplier applications in order to streamline the process of designing, pricing, buying, delivering and managing data connectivity solutions.  Global Capacity’s One Marketplace dramatically simplifies and fundamentally changes how businesses buy connectivity, making it the provider of choice for hybrid WAN and Cloud Connectivity solutions.

To learn more about Hybrid WAN and SD-WAN offerings contact your Account Manager or visit https://globalcapacity.com/products-services/wide-area-networking and check on service availability from your location.

Award winners will be announced during the Leading Lights awards dinner held on Monday, May 15, in Austin, Texas, before the start of Light Reading’s Big Communications Event (BCE).

# # #

About Global Capacity 

Global Capacity is the leading connectivity as a service company that simplifies connecting Enterprises to high value Cloud and business destinations.  Through its award-winning software defined platform, One MarketplaceTM, the company provides the ubiquitous reach, flexible access options and reliable connectivity solutions that deliver on its brand promise of Connectivity Made SimpleTM.  Global Capacity delivers its innovative solutions to telecommunication carriers, managed service providers, application service providers and enterprise customers globally.  Learn more at globalcapacity.com or by following us on our blog Marketplace Network NewsTwitter @global_capacity and LinkedIn.

MEDIA INQUIRIES:

Ilissa Miller

iMiller Public Relations for Global Capacity

Tel: +1 866 307 2510

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Mary Stanhope

Vice President of Global Marketing, Global Capacity

Tel: +1 781 902 5216

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