GTT Communications is acquiring Custom Connect, an Amsterdam-headquartered provider of high-speed network connectivity for multinational enterprises and financial trading firms.
The strategic combination extends the reach of GTT’s global Tier 1 IP backbone with additional points of presence in Europe and the Middle East, and augments the company’s portfolio with low-latency service from Frankfurt to London, New York and Chicago. It also deepens GTT’s base of multinational clients and expands its sales presence in the Benelux region.
“The acquisition of Custom Connect extends GTT’s network and strengthens our service offerings in high-growth financial markets,” said Rick Calder, GTT president and CEO. “These enhanced capabilities reinforce GTT’s market leadership in cloud networking and our commitment to connecting people – across organizations and around the world.”
Olav van Doorn, Custom Connect CEO, added: “Custom Connect and GTT are highly complementary businesses and the combination provides strategic advantages to our clients as well as our organizations. GTT gains strategic network assets and marquis clients. We look forward to a seamless integration in the upcoming months.”
