BSO wolfs down IX Reach to create *checks notes* world's 'largest' private telecom biz
330 PoPs and counting
Network, cloud, and hosting provider BSO has gobbled up British enterprise connectivity specialist IX Reach, creating, it claims, "the largest privately owned telecom operator in the world."
The financial details of the deal have not been disclosed, but the acquisition is likely to have implications across the cloud, carrier, CDN, and data center markets.
Cheshire-based IX Reach runs a network that covers more than 170 points of presence (PoPs) across North America, EMEA and Asia. It connects businesses to public cloud vendors and other businesses, offering SDN functionality and remote peering.
Existing IX Reach customers include more than 300 networking-related businesses, from carriers to ISPs to content providers.
“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,” said Simon Vye, CEO of IX Reach.
BSO, headquartered in London, England, has built most of its business by focusing on specific needs of financial service providers, which require minimal network latency. It has presence across 23 countries, and PoPs in all the major trading venues.
With the addition of IX Reach, BSO now has more than 330 PoPs and three separate networks: a layer 1 transport network, a layer 2 SDN-capable transport network, and a layer 3 IP/MPLS network.
The company is a major proponent of SD-WAN, offering businesses hardened broadband connections that perform almost as well as its dedicated MPLS lines.
For the past 18 months, BSO has been on a shopping spree, also buying Apsara Networks – a specialist in wireless microwave technology beloved by high frequency traders – and small French cloud and hosting outfit PROceau.
“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,” said Michael Ourabah, founder and CEO of BSO. ®