Comcast Launches Unit Targeting Fortune 1000 Companies
Comcast Business on Wednesday announced the creation of a new unit that will target Fortune 1000 companies and other large enterprises that have multiple locations across the United States.
The Enterprise Services unit will offer managed enterprise solutions that include broadband, Ethernet, voice, router, security, business continuity and Wi-Fi. Comcast is branding the new product portfolio “Managed Enterprise Solutions.”
Philadelphia-based Comcast also said it acquired a managed services company, Contingent Network Services, and has signed network agreements with other cable companies to support national accounts.
Glenn Katz, formerly the CEO of SpaceNet Inc., will lead the new group within Comcast Business.
“We’re committed to expanding and enhancing our offerings for businesses of all sizes, and having the expertise, tools and portfolio in place to deliver customized service packages to nationwide enterprises is a key part of our growth strategy,” Comcast Business President Bill Stemper said. “Large companies need a provider who can help them manage complex networks, develop business continuity plans and integrate cloud-based applications. Our entry into this segment of the market will introduce new innovation and choice.”
IDC, the Massachusetts-based analyst and research firm, forecasts that the U.S. market for managed services will grow from $29 billion in 2014 to $52 billion in 2019.
“Comcast Business’ entry into the enterprise network services market takes its value proposition of competitively priced high-speed, high availability connectivity to a demanding set of customers looking for alternatives to the incumbent national telcos and/or do-it-yourself multiple provider solutions,” said Melanie Posey, research VP at IDC. “With its national network reach and end-to-end service delivery capabilities, Comcast is well positioned to serve the outsourced network management needs of large business that require increasing network capacity to serve expanding multisite requirements.”
