By Kathy Xu, Data Center POST Contributing Editor
Rick Calder, GTT president and CEO, is in a position of authority to address the INCOMPAS panel discussing merger and acquisition trends in the technology and telecom sectors on Wednesday, April 5. As steward of one of the fastest growing telecom service providers serving multinationals, Calder has achieved a strong track record of closing strategic acquisitions and integrating them into GTT with deliberate speed and efficiency. The company’s M&A success has been a key contributor to its revenue growth, year-over-year.
GTT takes a proven approach to M&A, and is committed to completing organizational, back office and network infrastructure integrations within two-to-three quarters post-close. Hibernia Networks, which closed in February 2017. With Hibernia, GTT has added owned terrestrial and subsea fiber network assets, new global points of presence, wavelengths and low latency transport, video services, and key relationships with marquee clients. These new capabilities complement GTT’s comprehensive suite of cloud networking services and its global Tier- 1 IP network, which connects clients to any location in the world and any application in the cloud.
GTT’s next growth objective is to be a billion-dollar company. GTT views its acquisition strategy as a series of offensive moves, identifying the services, capabilities, and network assets that can best meet the changing requirements of its growing client base.
The market opportunity for an agile player like GTT is particularly ripe as many of the incumbent carriers shift their focus to the wireless and media business, and others contend with the disruption of large-scale mergers. GTT sees opportunities, not challenges, as industry consolidation runs its course.
Calder will share his insights on the changing market environment as part of the “Trends in Competition Amid Consolidation” discussion panel at INCOMPAS on Wednesday, April 5 at 9:30 a.m. He will be joined by Chris MacFarland, chairman and CEO, Masergy, and moderator Rich Lukaj, senior managing director from Bank Street Group. The discussion will focus on key M&A trends that are reshaping the industry landscape.