- Business
- Megaport Limited (ASX:MP1) is a leading Network-as-a-Service (NaaS) provider offering elastic, on-demand interconnection and networking solutions through a software-defined networking platform. The company enables customers to deploy private, high-speed connections between data centers, clouds, and service providers via products including Ports, which serve as high-speed Ethernet interfaces supporting up to 100 Virtual Cross Connects (VXCs); VXCs, providing Layer 2 Ethernet circuits with capacities from 1 Mbps to 100 Gbps; Megaport Cloud Router (MCR), a managed virtual router for direct endpoint networking; Megaport Virtual Edge (MVE), an on-demand Network Function Virtualization service for SD-WAN gateways, virtual routers, and firewalls; Megaport Firewall as a Service Hosting; Megaport Internet for dedicated scalable internet access; and NAT Gateway; alongside solutions for hybrid cloud connectivity, cloud-to-cloud links, Virtual Points of Presence, global wide area networks, data center interconnects, and Internet Exchange services. Megaport operates in over 1,000 enabled locations across more than 26 countries, including Australia, New Zealand, Asia Pacific markets such as Hong Kong, Singapore, and Japan; North America encompassing the United States, Canada, Mexico, and Brazil; and Europe, serving enterprise customers, cloud providers, systems integrators, and managed service companies through partnerships with over 410 service providers and a global ecosystem marketplace. Founded in 2013 and headquartered in Fortitude Valley, Australia, the company recently completed the acquisition of Latitude.sh in November 2025, integrating high-performance on-demand CPU and GPU compute infrastructure to expand beyond networking into a unified Compute and Network-as-a-Service platform supporting AI workloads, enterprise applications, and high-performance computing across 20 key markets; this followed a A$200 million institutional placement in November 2025 to fund the deal and ongoing growth initiatives, including a share purchase plan closing December 4, 2025.