Comcast Acquires Managed WiFi Shop Deep Blue Communications
Comcast said it has acquired business-focused managed WiFi provider Deep Blue Communications for an undisclosed sum.
Deep Blue specializes in engineering, installing and managing commercial WiFi networks. The Latham, New York company employees around 125 workers, according to the Albany Business Journal, and generated about $38 million in revenue last year, much of the revenue coming from Hilton Hotels & Resorts.
In 2017, Deep Blue reported revenue for around $25 million.
“Customers will benefit from 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 of Comcast Business, in a statement. “We look forward to delivering innovative solutions that will drive competitive advantage and growth in key vertical industries such as hospitality and entertainment.”
Added Brian Epstein, CEO, Deep Blue Communications: “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,”
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Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!