Megaport Limited (ASX:MP1)
Megaport’s (ASX:MP1) innovative interconnection platform transforms the way businesses connect. The company offers fast, secure connectivity services on a flexible, pay-as-you-go basis with no setup fees. The Megaport platform provides real-time provisioning, allowing its customers to deploy services almost immediately, compared to setup times anywhere from one week to several months under traditional models. Connection speed, capacity, and destination can be varied almost instantaneously through a self-serve online portal.
Customers can easily access on-premises, cloud, and third-party application environments on Megaport’s virtualised platform, removing the need to be physically collocated with an application environment. Almost two thirds of customer connections are to the major Cloud Service Providers –AWS, Microsoft Azure, Google Cloud Platform, Oracle Cloud, IBM Cloud, Alibaba, Salesforce, Nutanix, and SAP. Megaport has connections to over 170 cloud on ramps in 85 Cloud regions.
Megaport was founded in Australia by industry expert and entrepreneur Bevan Slattery (iSeek, PIPE Networks, NextDC, Asia Pacific Data Centre Trust, SubPartners, Superloop, Cloudscene) who aimed to create an Software Defined Networking (SDN) platform that gave customers access to elastic interconnection services that align with cloud-based models. The vision was to give customers greater simplicity, control, and choice over how they connected to, and between the services, applications, providers, and networks they needed for their businesses.