Global Cloud Xchange

Global Cloud Xchange is a provider of secure networking solutions, leveraging an AI-driven global network to enhance connectivity for mid to large enterprises across multiple industries. Global Cloud Xchange (GCX) specializes in delivering global networking services for enterprises. The company was acquired in November 2021 by 3i Infrastructure Plc for USD 512 mn from Värde Partners, Bardin Hill Investment Partners, and Portsea Asset Management. Headquartered in Bermuda, GCX operates on a global scale.

The company was founded by Ranjit Ponappa, who has a background in establishing technology ventures. The latest funding round, a Trade Sale, marked the total amount raised by GCX at USD 512 mn, with the most recent deal completed on November 17, 2021. GCX Managed Services provides a secure global network that connects users and devices to essential business applications. Their customized solutions are designed to meet the specific requirements of mid to large enterprises, enhancing operational efficiency through seamless connectivity.

The company serves a diverse clientele across North America, Europe, and Asia-Pacific, supporting organizations that require reliable, scalable connectivity solutions. GCX Managed Services recorded a revenue of USD 72,000 mn in 2016, with an EBITDA of USD 15,008,742 for the same year. Revenue is primarily generated through subscription-based models and structured service agreements with mid to large enterprises, ensuring robust network performance and security through tailored services. Following the acquisition by 3i Infrastructure Plc, GCX plans to enhance its product offerings and expand into new geographic markets.

The company aims to introduce new products in the near future, expected to be launched by mid-2022, focusing on advanced networking solutions. The recent acquisition funding will be used to support these growth initiatives and facilitate market expansion.