Nitel, Inc.
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Nitel, Inc. - overview
Established
2003
Location
Chicago, IL, US
Primary Industry
Telecoms
About
Nitel, Inc. is a US-based telecommunications company specializing in next-generation technology services, offering innovative solutions designed to enhance business connectivity and security across various global markets. Founded in 2003, Nitel, Inc. is headquartered in Chicago, US, and focuses on providing advanced telecommunications solutions.
The company was established by Alexander Kulagin and Nicolas Guillermon, and it has since engaged in two notable deals. Nitel is currently led by CEO Margi Shaw, and the most recent funding deal occurred on December 11, 2024. Nitel specializes in delivering next-generation technology services primarily through its global Network as a Service (NaaS) offerings. Their core products include end-to-end global network access solutions, managed security services, and performance optimization tools with real-time online visibility features.
The company serves a diverse client base in sectors like finance, healthcare, retail, and wholesale, operating in 190 countries, including markets in North America, Europe, and Asia-Pacific. Nitel's solutions enhance digital infrastructure with services such as SD-WAN, SASE, dedicated internet access, and tailored managed services. Nitel's revenue streams stem from B2B transactions where they offer managed services and network solutions on a subscription basis. Clients engage through customized contracts for specific services, allowing scalable pricing tailored to unique needs.
Their flagship services, including Global Managed NaaS solutions and the Managed Service Center, underpin their revenue model, with structured pricing plans offering monthly or annual subscriptions and additional fees for installation and support. On December 11, 2024, Comcast Business Services announced plans to acquire Nitel, Inc. from Cinven, a transaction aimed at strengthening Comcast's market presence and supporting long-term growth. This acquisition is expected to facilitate the introduction of new products and services, although specific new offerings and timelines have not been disclosed.
Additionally, Nitel may see expansion into new geographic markets as part of this strategic move.
Current Investors
Cinven
Primary Industry
Telecoms
Sub Industries
Connectivity Software, Internet Service Providers
Website
www.nitelusa.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Nitel, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Nitel, Inc. | - | ||||||||
| Add-on | Announced | Hypercore Networks, Inc. | - | ||||||||
| Buyout | Completed | Nitel, Inc. | - |
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