GTT Buys OSN

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| Peter Radizeski of RAD-INFO, Inc. talking telecom, Cloud, VoIP, CLEC, and The Channel.

GTT Buys OSN

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GTT has been a on an acquisition binge since 2009, when they bought WBS Connect. Then in 2011 they bought UK's PacketExchange to complement the business. Next, they added nLayer to the mix for just $18m.

They bought the old Tinet from the old Neutral Tandem (Inteliquent) for $54m, before listing on the NY Stock Exchange.

Last year, GTT gobbled up UNSi, another MPLS provider, for $40m, that brought in $55m in revenue. This year, "GTT entered into a definitive agreement to acquire MegaPath's Managed Services business which provides private wide-area-networking, Internet access services, managed services and managed security to over 500 large multinational clients." [wikipedia]

Today GTT announced plans to acquire One Source Networks for $175m, mostly cash. OSN provides VoIP and UC services to the global enterprise, including SIP trunking that "certified for interoperability with Microsoft Lync and Avaya." This purchase also extends the GTT network, adding POPs around the world. That $175m gets them about $75m in revenue, up from $65m last year per the INC5000.

"Upon closing this transaction, GTT will achieve its previously announced next financial objectives of $400 million in revenue and $100 million in Adjusted EBITDA." according to the press release.

It is a good match due to synergies in global presence and target customers. It also moves GTT from just MPLS and IP transit to Managed Voice.



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