Comcast Acquires Leonis Client Deep Blue Communnications
PHILADELPHIA – May 1, 2019 – Comcast today announced it has completed the acquisition of Deep Blue Communications – a Latham, NY-based industry leader in engineering, installing, and managing commercial WiFi networks. Terms of the acquisition were not disclosed. Deep Blue Communications was advised by Leonis Partners on its sale to Comcast.
The acquisition allows Comcast to combine the power and reliability of its advanced network solutions with intelligent, managed WiFi that creates greater efficiency for businesses and differentiated experiences for customers. The Company will operate as a wholly-owned subsidiary of Comcast Cable under the brand Deep Blue Communications.
“This partnership combines our expertise in advanced business and network solutions with Deep Blue Communications’ know-how in providing commercial, managed WiFi at scale,” said Bill Stemper, President, Comcast Business. “We look forward to working together and delivering innovative solutions that will drive competitive advantage and growth in key vertical industries such as hospitality and entertainment.”
Deep Blue has made the INC 5000 list of the fastest growing companies for the last seven years, and emerged as a leading managed WiFi provider for hotels, retail, entertainment venues, marinas and more.
“At Deep Blue Communications, we are passionate about WiFi. This passion has fueled our 15-year growth into a leading provider of award-winning WiFi solutions that are reshaping the landscape of today’s hospitality and entertainment industries,” said Brian Epstein, CEO, Deep Blue Communications. “We’re thrilled to join Comcast and work with the Comcast Business team. Together, we will connect people, network and advanced applications to deliver ever-evolving network, guest and customer experiences.”
For more information on Comcast Business and Deep Blue Communications, visit https://welcome.deepbluecommunications.com.
About Comcast Business
Comcast Business offers Ethernet, Internet, WiFi, Voice, TV and Managed Enterprise Solutions to help organizations of all sizes transform their business. Powered by an advanced network, and backed by 24/7 customer support, Comcast Business is one of the largest contributors to the growth of Comcast Cable. Comcast Business is the nation’s largest cable provider to small and mid-size businesses and has emerged as a force in the Enterprise market; recognized over the last two years by leading industry associations as one of the fastest growing providers of Ethernet services.
For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States’ largest video, high-speed internet, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the Xfinity brand. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. Sky is one of Europe’s leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. It also provides communications services, including residential high-speed internet, phone, and wireless services. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Visit www.comcastcorporation.com for more information.
Leonis Partners is a botique investment bank that focuses on advising high-grwoth middle-market technology companies. Leonis advises growing and profitable businesses that are interested in understanding their strategic M&A and Capital Markets options. Leonis focuses exclusively on providing sector-focused, unconflicted M&A anc capital raising advisory services. Leonis is headquartered in New York City with offices across the US.