Comcast Business closed the acquisition of Nitel, a U.S. MSP headquartered in Chicago. The acquisition from private equity firm Cinven is expected to expand Comcast Business’ presence in connectivity, secure networking solutions and advanced technology, and will also extend Comcast’s ability to serve enterprise clients.
“The completion of the Nitel acquisition is a significant milestone for Comcast Business. It strengthens our ability to deliver advanced, reliable connectivity solutions and enhances our channel distribution strategy,” said Edward Zimmermann, president, Comcast Business. “By combining these two great teams, we are poised to offer even more robust network, cloud and cybersecurity solutions, empowering enterprises of all sizes.”
Nitel has deep expertise providing integrated managed network and security solutions to its 6,600 clients across the U.S., with a strong focus on midsized enterprise clients, including those in financial services, healthcare and education. Adding Nitel’s comprehensive solutions and specialized cloud-based services to Comcast Business’ advanced connectivity portfolio should provide further growth opportunity while enabling customers to more seamlessly, securely and efficiently manage operations and networks.
“We are excited to officially join Comcast Business and embark on this next chapter together,” said Nitel’s CEO, Margi Shaw. “Our team has always been committed to delivering exceptional service, and now, as part of Comcast Business, we will be able to accelerate innovation and provide even more cutting-edge solutions to our customers. The future is bright for Nitel and Comcast Business.”
Nitel is a network-as-a-service (NaaS) provider that specializes in advanced managed services and connectivity solutions for enterprise customers. With a focus on high-performance networking, cloud services and cybersecurity, Nitel empowers businesses to optimize operations and drive digital transformation. Known for its customer-centric approach, Nitel offers flexible solutions that meet unique client need, helping them to stay competitive in an evolving digital landscape.
Financial terms of the acquisition were not disclosed.
