Within the Madison Dearborn Partners investment portfolio, RDX, a specialized provider of managed IT services, will own and operate the assets including client relationships, employees dedicated to supporting the Navisite business, fixed assets, leases and Navisite-operated facilities.
“With its shared mission, RDX will benefit from Navisite’s contributions as a trusted cloud service provider to its clients,” said Phil Meeks, EVP and President, Spectrum Enterprise. “As part of our ongoing prioritization and refinement of our portfolio, this divestiture will accelerate the execution of our strategy to serve America’s largest businesses and communications service providers as a national service provider of scalable fiber-based technology solutions.”
Charter Communications, Inc. is a leading broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced residential broadband services, including Spectrum TV programming, Spectrum Internet, Spectrum Voice, and Spectrum Mobile. Under the Spectrum Business brand, Charter provides scalable, and cost-effective broadband communications solutions to small and medium-sized business organizations, including Internet access, business telephone, and TV services. Through the Spectrum Enterprise brand, Charter is a national provider of scalable, fiber-based technology solutions serving many of America’s largest businesses and communications service providers. Charter’s advertising sales and production services are sold under the Spectrum Reach® brand. Charter’s news and sports networks are operated under the Spectrum Networks brand.