November 9, 2016
To all of our Hibernia Networks Customers:
As you may have seen already, Hibernia Networks and GTT, a leading global IP and cloud networking provider, have signed a definitive agreement under the terms of which GTT is acquiring Hibernia Networks. The transaction is expected to close by the end of the first quarter 2017.
The acquisition of Hibernia Networks by GTT creates a world class and powerful global network service provider focused on continuing to serve our customers with market leading low latency connectivity, IP, video transport, and cloud networking solutions across the financial markets, media & entertainment, web-centric, OTT, enterprise and service provider segments. The combined company will have:
- Annual revenue in excess of $700M
- Service reach to over 350 PoPs across 32 countries
- More than 12Tbps of global IP edge capacity.
Hibernia Networks customers and partners around the world will benefit from the expansive reach of GTT’s tier 1 IP network, the broader portfolio of products and services, improved scale, and the company’s expertise in delivering cloud networking solutions and managed services. Hibernia Networks and GTT share similar values emphasizing speed and agility with a resolute focus on serving wholesale, enterprise and government customers with innovative and differentiated solutions.
Until the transaction closes, the Hibernia Networks team will continue to maintain our focus on servicing our customers with the same dedication and responsiveness that has been the hallmark of the Hibernia Networks customer experience. The service platforms of Hibernia Networks and GTT are highly complementary, and therefore, we expect minimal disruption during the integration process as it relates to account management, network operations, and support systems.
It is an exciting time in our industry. GTT will emerge as a very competitive player from this combination of network assets, talent and product capabilities. The combined company will be strongly positioned for growth with its superior agility and hyper-focus on supporting customers.
We look forward to continuing to serve you with our strengthened service offering, and invite you to visit our website (www.hibernianetworks.com) for more information, or contact your Hibernia Networks account manager with any questions.