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Tech giant Microsoft agrees to buy Enfield firm

Local Democracy Reporting Service

Artist's impression of the new HQ for Metaswitch in Enfield
Metaswitch Networks

US technology giant Microsoft has agreed to buy an Enfield communications firm.

The acquisition of Metaswitch Networks will boost Microsoft’s range of offerings for the telecommunications industry as it moves to 5G technology.

Founded in 1981, Metaswitch provides software to more than 1,000 service providers across the globe.

It employs more than 350 people in the borough and is currently building a £26.7 million new headquarters in Genotin Road, Enfield Town.

Metaswitch chief executive Martin Lund said he was “more excited than ever to continue our journey with the added momentum, technology, services, and people that Microsoft can bring”.