International private equity firm, Cinven, is to make a significant investment in technology services provider Nitel. Financial details of the transaction have not been disclosed.
Headquartered in Chicago, Illinois, Nitel is a provider of internet connectivity and networking technology services to multi-site small and medium-sized enterprises (SMEs). The Company has a robust portfolio of communications solutions and a modern platform which delivers reliable, high-performance services to its customers.
In addition to its managed access offering and interconnect services, the Company also provides high-quality Software Defined Wide Area Network (SD-WAN) solutions and associated managed cybersecurity offerings that simultaneously improve application performance while simplifying network management and enhancing network visibility. Founded in 2003, Nitel has quickly grown to become a leading provider for companies that have shifted to cloud-based networks and need to prioritise connectivity-driven services to support multi-site networks.
Chris Good, Partner at Cinven, says: “Founders Ron and Rick have built an impressive business: not only has Nitel delivered a market-leading offering, capitalising on the rapid growth of the managed access and SD-WAN markets, but they have built an unparalleled reputation for providing customers with outstanding service levels.
“The Nitel team has worked hard and done an excellent job in growing the business organically, and we look forward to exploring new opportunities to support the Company’s growth ambitions both organically and through acquisitions in the future.”
