Megaport Company Market Research Report

Company Overview

Name

Megaport

Mission of the Company

Our mission is to take everything we know about traditional networking—flip it and reverse it—and put the power back into the hands of the consumer. Enterprises that double down on control, choice, and cost-efficiency have the ability to do smart business today while building for the future. We’re giving consumers the network connectivity they deserve with global availability, right-sized bandwidth, and on-demand consumption. We’ve created the network that’s bringing the world’s businesses closer together.

Foundation Details

Founded: 2013

IPO: Listed on the Australian Securities Exchange (ASX: MP1) in 2015

Key People

Michael Reid: Chief Executive Officer & Board Director

Leticia Dorman: Chief Financial Officer

Darren Wilson: Chief Operating Officer

Jemima Harris: Chief Legal Officer

Cameron Daniel: Chief Technology Officer

Henry Wagner: Chief Marketing Officer

Adam Mitchell: Chief Strategy Officer

Matt Simpson: Executive VP, BD & Global Channel

Abbey Byfield: Executive VP - GTM Transformation

Misha Cetrone: Executive VP, NAM & Global Alliances

Headquarters

Location: Level 3 825 Ann St, Fortitude Valley QLD 4006, Australia

Number of Employees

No information is available.

Revenue

Annual Recurring Revenue (ARR): $204 million (as of FY24)

Recognition

Known for revolutionizing global private connectivity and cloud interconnect services.

Products

Overview

Megaport offers a range of network services aimed at improving global connectivity and cloud interconnection capabilities for enterprises. These services include Hybrid Cloud, Cross Cloud, Virtual PoP, Global WAN, and MegaIX.

1. Hybrid Cloud

Secure, resilient, and scalable connectivity that can be provisioned in minutes.

Features:

Easily build hybrid cloud networks

Supports regulatory compliance with localized datastores

Enables data migration on demand with private connectivity

2. Cross Cloud

Manage traffic between two or more clouds at the edge.

Features:

Minimize latency between workloads on different platforms

Scale resources across cloud platforms seamlessly

Consolidate infrastructure and maintain full network visibility

3. Virtual PoP

Network Function Virtualization (NFV) with functionalities like SD-WAN gateways and virtual firewalls.

Features:

On-demand deployment of network functions

Secure remote access

Extend network closer to the edge without deploying hardware

4. Global WAN

Dynamic capacity for global connectivity.

Features:

Resilient connectivity across over 850 data centers

Supports SD-WAN and NFV integration

Flexible traffic management and disaster recovery support

5. MegaIX

Simplified internet exchange that reduces reliance on upstream providers.

Features:

Direct peering on a shared Layer 2 fabric

High throughput and low latency connections

Automated management and cost optimization

Recent Developments

Strategic Partnerships

1. Lufthansa Systems (2024/06/24)

Megaport and Lufthansa Systems formed a partnership to accelerate digital transformation in aviation.

2. AWS Direct Connect Network Service (2024/04/03)

Launched on AWS Marketplace, enabling simplified access to AWS services.

3. Partnership with Palo Alto Networks (2023/06/22)

Integration with Palo Alto Networks VM-Series Virtual Firewalls for enhanced security.

4. Partnership with Zenlayer (2022/10/12)

Collaboration to extend joint global reach to over 50 countries.

Product Enhancements

1. AWS Outposts Ready Service Designation (2023/01/17)

Achieved AWS Outposts Ready Service designation, indicating full support and integration with AWS Outposts.

Executive Appointments

1. Jeff Tworek (2022/11/29)

Appointed as Chief Revenue Officer to steer the company's revenue strategies.

2. Jim Brinksma (2022/03/09)

Appointed as Chief Technology Officer to drive technology development and innovation.

Customer Successes

1. Awards and recognition from globally recognized businesses, such as:

Framestore: Noted simplicity and reliability of Megaport services for cloud-based workloads.

G-Core Labs: Effective edge and cloud solutions for media and entertainment industries.

Heidelberg Materials: Utilized for global and interregional backbone connectivity with cost efficiencies.

Additional Resources

For more technical details, case studies, or to join our partner program, explore the following:

API Documentation

Product Documentation

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