Australian Network-as-a-Service (NaaS) provider Megaport is set to acquire Compute-as-a-Service (CaaS) company Latitude.sh.

Once completed, Megaport will combine the two companies' offerings to create an Infrastructure-as-a-Service platform using Megaport's connectivity fabric and Latitude.sh's compute infrastructure.

According to Megaport, customers will be able to deploy and connect workloads across more than 1,000 data centers in 26 countries.

The value of the deal has not been shared. Expected to close by the end of 2025, the acquisition is still subject to conditions and approvals.

“Megaport has long been trusted by the world’s largest enterprises to move workloads seamlessly between data centers and the cloud,” said Michael Reid, CEO of Megaport. “By bringing Latitude.sh into the fold, we’re extending that promise beyond the network, and into high-performance, optimized compute, complementing cloud providers. Together, we will not only serve the massive traditional compute market but will also open the door to the explosive AI infrastructure space and the hyper-growth market of inference."

Gui Soubihe, CEO of Latitude.sh, added: “This is a tremendous opportunity to extend our compute platform - capable of deploying dedicated CPUs and GPUs on demand—into the world’s largest Network-as-a-Service provider. The combination of Latitude.sh’s on-demand optimized compute with Megaport’s global private high-speed network will create a cutting-edge globally automated Infrastructure-as-a-Service platform.”

Latitude.sh's compute infrastructure spans both CPUs and GPUs, and is available in 20 markets across ten countries - the US, Mexico, Australia, Brazil, Germany, the Netherlands, Japan, Singapore, and the UK. The company has teamed up with cloud gaming provider Boosteroid in Brazil.

According to Megaport's website, the company works with some of the leading global service providers, data center operators, systems integrators, and managed services companies. The company was listed on the Australian Securities Exchange in 2015.