This is technology M&A deal number 566 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Headquartered in Singapore, KT Corp offers routing, cloud on-ramp, networking and peering services. The company offers three data centers in the United States, the UK, and Singapore.
The transaction is part of KT’s strategy to transform itself from a traditional telco into a digital platform company, providing “network-as-a-service” (NaaS) solutions.
The acquisition of Epsilon – which was founded in 2003 in London before relocating to Singapore in 2009 – helps KT achieve these goals through Epsilon’s offerings. The firm provides a suite of fully managed connectivity services including automation, orchestration, and end-to-end service delivery, according to KT Corp.
KT Corp Acquires Epsilon: Executive Insight
Dr. Hyeonmo Ku, CEO at KT Corp, commented:
"We are excited to announce the acquisition of Epsilon and welcome the team to the KT family of businesses. Epsilon provides mission-critical networking for global digital transformation and maximizing the value of cloud for enterprise customers. It has a tremendous mix of technology, teams, and innovation that are directly aligned with KT's vision for enabling enterprises with digital platforms. Epsilon provides great value with its Infiny platform and global network, which offers customers an agile approach to global networking. Both companies share a vision for global digital transformation and the power that digital platforms have to change industries."
Michel Robert, CEO, Epsilon, said:
“The acquisition provides Epsilon with new levels of resources that will be used to develop new services and capabilities. Customers and partners will benefit from the same standards of customer service excellence combined with the support of a globally recognized leader in telecommunications. The whole Epsilon Team is looking forward to collaborating with KT which will drive a new phase of innovation in our business. Together, we will enable global digital transformation for enterprise customers and continue to innovate in international networking.”