News / May 13, 2019
Press Release: BSO Acquires IX Reach
Manchester, UK – 13th May 2019: Award-winning Ethernet network, cloud and hosting provider BSO has strengthened its capabilities within the wholesale telecoms, cloud and technology sectors with the acquisition of IX Reach, a global provider of network services.
This development significantly reshapes the marketplace, in particular for cloud providers, wholesale carriers, CDNs, data centre operators, and it marks the latest milestone in BSO’s active international M&A strategy.
IX Reach is BSO’s third acquisition in 18 months and follows Apsara Networks, a leading supplier of radio frequency connectivity to financial markets, and PROceau, a high-availability and business critical managed hosting and IaaS company.
IX Reach’s diverse network covers 170+ points of presence (POPs) across North America, Europe, Asia, the Middle East, and most recently Africa. Its customer base includes 300+ carriers, ISPs, content providers and networks of all sizes and IX Reach has a diverse partner ecosystem of more than 70 cloud, IXPs, data centre and SaaS companies.
IX Reach’s market-leading products and services include direct connectivity to cloud, SaaS and IXPs, data centre to data centre connectivity, flexible SDN automation, remote peering solutions, and network virtualisation.
This strong market position, when united with BSO’s network infrastructure and expertise will enable the group to continue to invest heavily in R&D and push new boundaries in product delivery and provisioning automation.
BSO is now the largest privately owned telecom operator in the world, with a footprint of 330+ POPs supported by 3 state of the art networks complementing each other and serving its customers’ wide needs.
These are a Layer 1 Transport network, a SDN/Layer 2 Transport network, and a Layer 3 IP/MPLS network, on top of which unique SDN and SD-WAN automation orchestrators, combined with BSO’s wholly operated IaaS platforms around the world and on-demand global Public Cloud Connectivity, will set the tone for a whole new customer experience.
Michael Ourabah, founder and CEO of BSO, said: “Our global M&A strategy remains on pace and acquiring IX Reach cements our reputation as the network provider of choice for financial services, cloud providers and technology businesses. Combining the vast experience, international footprint and R&D capabilities of the two companies together enables us to deliver the next generation of network, cloud and services. We are really looking forward to continuing to define standards in an ever-changing landscape. The seamless and automated Global Infrastructure Fabric that we have engineered is second to none and will enable clients in any region and vertical markets to integrate their infrastructure needs effortlessly.”
Stephen Wilcox, President and Founder of IX Reach, said: “This is a great move for IX Reach that secures long term investment for us, improving our customers’ experience and seeing acceleration of our future growth and expansion, and I’m delighted to be working with BSO who have been our friends and partner for over a decade and am excited to be a part of their team.” Furthermore, Simon Vye, CEO of IX Reach, said: “Our combined infrastructure and technology makes us a unique proposition, and together with our strong financial position, it makes for a very different and extremely strong challenger to all the large traditional providers. The complementary link up between our companies accelerates revenue growth, significantly improves profitability and most importantly allows us to continue investing rapidly in our products and services so we can continue creating truly exceptional customer experiences.”
Advisors to the acquisition were KPMG, Locke Lord and Crowe. The terms of the acquisition are undisclosed.
BSO is the award-winning Ethernet network, cloud and hosting provider of choice for financial institutions and high-frequency trading firms that require superior infrastructure and connectivity to the world’s most liquid trading venues.
Experts in low-latency connectivity and colocation across emerging and established markets, over the past two years BSO has won two consecutive awards as the best low-latency high-performance network provider as voted for by members of the international finance community. The organisation continually innovates and invests in its services to empower the progressive trading community.
BSO’s global network reaches 23 countries with 103 data centre locations comprising all the major trading venues. Key connected cities include Chicago, New York, Frankfurt, London, Dubai, Tokyo, Shanghai, Hong Kong and Singapore.
BSO is redefining connectivity through best-in-class services, global knowledge base and a unique approach to customer experience.
About IX Reach
IX Reach is a global solutions provider offering SDN direct interconnection to all major cloud providers, remote peering at key Internet Exchanges, high-speed point-to-point/multipoint ethernet private line, metro DWDM, IP BGP transit and colocation.
IX Reach offers a portfolio of cost effective network services enabling carriers, ISPs, content and service providers to quickly and easily increase their network footprint and connect to the cloud without the need to invest heavily in owned infrastructure.
Discover new markets and endless possibilities with IX Reach visit www.ixreach.com.