About Nitel
Nitel is a company based in Chicago (United States) founded in 1997 was acquired by Comcast in December 2024. It operates as a IaaS (Infrastructure-as-a-Service), and Managed Services. Nitel has completed 1 acquisition, including WAN Dynamics. Nitel offers products and services including Global Managed NaaS Solutions, Global SASE Solutions, and Dedicated Internet Access. Nitel operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Chicago, United States
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Nitel
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Products & Services of Nitel
Nitel offers a comprehensive portfolio of products and services, including Global Managed NaaS Solutions, Global SASE Solutions, and Dedicated Internet Access. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Global network access solutions are provided with managed security.
Secure access service edge solutions are offered for businesses.
Dedicated internet connectivity is delivered for reliable business operations.
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Funding Insights of Nitel
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Private Equity Round - Nitel | Valuation | Cinven |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nitel
Nitel has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Comcast and Cinven. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments and portfolio management services are provided by Cinven across various sectors.
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Founded Year | Domain | Location | |
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Cable TV, internet, phone, and media entertainment services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nitel
Nitel has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include WAN Dynamics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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SD-WAN services are provided for enterprise network optimization.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nitel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nitel Comparisons
Competitors of Nitel
Nitel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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IT and digital transformation services are delivered to various industries.
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nitel
Frequently Asked Questions about Nitel
When was Nitel founded?
Nitel was founded in 1997 and raised its 1st funding round 24 years after it was founded.
Where is Nitel located?
Nitel is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
What does Nitel do?
Nitel is engaged in delivering global managed network solutions, including Network-as-a-Service (NaaS) and Secure Access Service Edge (SASE) offerings. Services are provided across sectors like financial, healthcare, retail, and wholesale. End-to-end network access is supported in 190 countries with technologies such as ethernet, satellite, broadband, and wireless. Managed security and performance optimization are integrated into solutions, supported by award-winning customer service and real-time online visibility tools. The focus is placed on simplifying complex technology challenges for businesses, ensuring cloud-first application performance and security.
Who are the top competitors of Nitel?
Nitel's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does Nitel offer?
Nitel offers Global Managed NaaS Solutions, Global SASE Solutions, and Dedicated Internet Access.
How many acquisitions has Nitel made?
Nitel has made 1 acquisition, including WAN Dynamics.
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