Nitel

Chicago, United States Founded: 1997 • Age: 29 yrs Acquired By Comcast
Nitel is recognized for providing global managed network and security services.
Annual revenue - Latest available
Total funding - 1 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products 3 Services tracked
Competitors 11 Brand Intelligence

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
  • Sectors
    Technology
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Nitel
Operational Areas
Technology → Enterprise IT Services & Distribution Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Latest Funding Round
    Not available
  • Investors
    Comcast

    & 1 more

  • Employee Count
    Not available
  • Investments & Acquisitions
  • Acquired by
    Comcast

    (Dec 11, 2024)

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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.

Product name locked
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Primary

Global network access solutions are provided with managed security.

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Secure access service edge solutions are offered for businesses.

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Dedicated internet connectivity is delivered for reliable business operations.

People of Nitel

Headcount 50-200
Employee Profiles 32
Employee Profiles
People
Paul Rios
General Counsel
People
Rebecca (Bex) Row
VP, Human Resources
People
Warren Spiker
Vice President
People
Erik Sundberg
Sr. Network Engineer

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Funding Insights of Nitel

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.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Private equity investments and portfolio management services are provided by Cinven across various sectors.
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Cable TV, internet, phone, and media entertainment services are provided.
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Investor details for Nitel

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Nitel

Nitel has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include WAN Dynamics.

Investments
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Investment portfolio details for Nitel

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

Verified entity values are shown only after access is granted.

Acquisitions
Company Name Description Domain Location Founded Year Amount
SD-WAN services are provided for enterprise network optimization.
Locked Locked 2016 Locked
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Complete acquisition details for Nitel

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - Nitel

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Detailed financials for Nitel

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  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Nitel Comparisons

Nitel Primary company
Description
Nitel is recognized for providing global managed network and...
Location
Chicago, United States
Founded Year
1997
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Nitel

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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  • Headcount comparison
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  • Operating benchmarks

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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.

Company Name Domain Founded year HQ Location Description
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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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Detailed competitors of Nitel

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  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Nitel

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Complete news archive for Nitel

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Nitel

Nitel was founded in 1997 and raised its 1st funding round 24 years after it was founded.

Nitel is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.

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.

Nitel's top competitors include Happiest Minds, 1&1 IONOS and Genpact.

Nitel offers Global Managed NaaS Solutions, Global SASE Solutions, and Dedicated Internet Access.

Nitel has made 1 acquisition, including WAN Dynamics.

Nitel has 2 investors. Key investors include Comcast, and Cinven.

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