MICHAEL REID - CEO & EXECUTIVE DIRECTOR, MEGAPORT FIRST-EVER PROFIT AFTER TAX IN MEGAPORT HISTORY - FY24 CUSTOMER LIFETIME VALUE UP 50% TO $2.1 BILLION - FY25 CEO MAGAZINE SALES EXECUTIVE OF THE YEAR 2019 15 YEARS AT CISCO - 6 ACQUISITIONS INTEGRATED THOUSANDEYES ARR GROWN 2.4x AS CRO MEGAPORT: 1,000+ DATA CENTERS - 26 COUNTRIES - 6,000 FIBER ROUTES CONNECT AT 100 GBPS IN 60 SECONDS MICHAEL REID - CEO & EXECUTIVE DIRECTOR, MEGAPORT FIRST-EVER PROFIT AFTER TAX IN MEGAPORT HISTORY - FY24 CUSTOMER LIFETIME VALUE UP 50% TO $2.1 BILLION - FY25 CEO MAGAZINE SALES EXECUTIVE OF THE YEAR 2019 15 YEARS AT CISCO - 6 ACQUISITIONS INTEGRATED THOUSANDEYES ARR GROWN 2.4x AS CRO MEGAPORT: 1,000+ DATA CENTERS - 26 COUNTRIES - 6,000 FIBER ROUTES CONNECT AT 100 GBPS IN 60 SECONDS
Michael Reid - CEO of Megaport
Executive Profile  /  Network-as-a-Service

Michael
Reid

Aerospace engineer. Cisco dealmaker. The CEO who finally made Megaport profitable.

CEO - Megaport ASX: MP1 San Francisco 20+ Years
$2.1B
Customer Lifetime Value (FY25)
2.4x
ARR Growth at ThousandEyes
1,000+
Data Centers in Megaport Network
60sec
To Provision a 100 Gbps Connection

The Rocket Scientist
Running the Cloud's Plumbing

At 19, Michael Reid was drawing aerospace trajectories at Queensland University of Technology - calculating rocket paths, dreaming of flight. The aviation industry in Australia had other plans. No jobs. Zero prospects. A degree in the world's coolest engineering discipline, and absolutely nowhere to use it.

So he pivoted. His first tech boss handed him a Cisco certification manual he had never asked for. Reid had never heard of Cisco. He passed anyway. And that unlikely detour - from aerospace to routers, from trajectories to traffic routing - launched one of the more consequential careers in enterprise networking.

Today, Reid runs Megaport, the global Network-as-a-Service platform that operates invisibly inside the world's most important data centers. The company connects enterprises to clouds - AWS, Azure, Google Cloud Platform, Oracle - in roughly 60 seconds, at speeds up to 100 Gbps, across more than 1,000 data center locations in 26 countries. The plumbing nobody sees. The infrastructure everything depends on.

"Where a 10 Gbps circuit once sufficed, customers now ask for 100 Gbps to train or run inference for a defined window."

- Michael Reid, CEO of Megaport

Reid took the Megaport CEO role on May 15, 2023. His predecessor, Vincent English, had built the company from the ground up - a founder's arc. Reid inherited a different mandate: profitability. Megaport had been burning cash since its ASX listing, famously growth-first in a market that had rewarded exactly that. By the time Reid arrived, the market had stopped rewarding it.

He kept one executive from the prior leadership team. One. Then rebuilt everything else - the product suite, the sales organization, the go-to-market structure. Within twelve months, Megaport posted a net cash inflow of $28 million, reversing a $34.5 million outflow from the prior year. In FY24, the company recorded its first-ever profit after tax. Customer Lifetime Value hit $2.1 billion in FY25, up 50% year-on-year. The stock moved accordingly.

■ ▪ ■

15 Years at Cisco

Reid joined Cisco in April 2008 - the financial crisis, as he has noted, not the most auspicious timing. It turned out to be irrelevant. He spent the next 15 years building one of the more varied internal careers in the company's history: managing banking and finance clients in Sydney, running Cisco's Northern Australia region (which spans Queensland, the Northern Territory, and Papua New Guinea), then relocating to San Jose to lead worldwide acquisitions.

That acquisitions role is where the numbers get interesting. Reid integrated six companies into Cisco, a role that required equal parts deal structuring, cultural translation, and operational nerve. Most acquisitions fail at integration. Reid's track record became a credential in its own right.

The final act of his Cisco tenure was ThousandEyes - a SaaS network visibility business Cisco had acquired that monitors and troubleshoots digital networks across clouds and the internet. Reid joined as Chief Revenue Officer and hit the accelerator. He grew the team from 150 to nearly 400 employees - roughly 300 hires in a single year during the pandemic, when the broader job market was in chaos. ARR grew 2.4 times. ThousandEyes became, by Cisco's own characterization, the world's largest cloud, SaaS, and internet visibility platform.

The ThousandEyes years gave Reid something specific: the operational instinct to scale fast in a market that rewards whoever gets to density first. He brought that instinct to Megaport, where density - the number of data centers and cloud on-ramps on the platform - is the moat.

"Software-defined control atop pre-provisioned capacity represents the necessary industry direction for handling AI-driven compute arbitrage."

- Michael Reid, Investment Reports Interview

Networking for the Inference Era

Ask Reid about AI and he identifies three distinct pressure points. First: budgets reopened. After a period of post-COVID belt-tightening from 2022 into 2024, board-level pressure to "do something with AI" pushed CEOs to their CIOs to modernize security, software, and networks. The projects that had been deferred came back, faster and larger.

Second: the compute farms. Dedicated AI training and inference facilities are appearing at scale, and they need massive data movement. The 10 Gbps circuits that served enterprises for years are suddenly inadequate. Customers arrive at Megaport asking for 100 Gbps - not as a future aspiration, but as an immediate operational requirement, often for a defined training window. Elastic, on-demand bandwidth - Megaport's actual product - becomes the necessary delivery mechanism.

Third: the AI providers themselves. Hyperscalers and AI infrastructure companies need rapid global deployment. Megaport's platform, with its 26 carrier licenses, 6,000 fiber routes, and API-first architecture, positions it as a distribution layer for exactly that expansion.

The thesis Reid is executing: networking automation shifts from exception to standard. Enterprises that once provisioned circuits through weeks-long procurement processes now expect cloud-style self-service - spin up, spin down, pay for what you use. Megaport built that model before AI made it obviously necessary. Reid is now capitalizing on the tailwind.

Brisbane to San Francisco

Colleagues call him "Chopper" - a nickname that captures something about his decisiveness, or perhaps his willingness to clear the decks. He is an international commuter by necessity: Megaport's headquarters sits in Brisbane, its CEO lives in San Francisco, and the network spans 26 countries. He listens to the All-In podcast, This Week in Startups, and Uplink to track markets and technology. He is most easily reached on LinkedIn.

His leadership philosophy - articulated in several interviews - centers on finding and igniting talent rather than credentialing it. He has promoted people into functions they had never held before, then mentored them through the learning curve. The ThousandEyes hiring blitz during COVID was, in part, a stress test of exactly that philosophy at scale.

In 2019, CEO Magazine named him Sales Executive of the Year - recognition that came before the Megaport chapter, when he was still operating inside a much larger machine. The award signaled something about how he was seen inside Cisco: as a builder, not just a manager. Someone who grew things.

On Day 1 as Megaport CEO, Reid posted publicly on LinkedIn: "I'm honored and grateful for the privilege." It read like an understatement, given what was in front of him. He had walked into a company mid-reinvention, with the market watching and the clock running. What he delivered - profit, growth, and a transformed organization - is the kind of outcome that turns a career milestone into a case study.

The Megaport Network

1,000+
LOCATIONS

Data centers worldwide in the Megaport network

26
COUNTRIES

Global footprint with carrier licenses

6,000
FIBER ROUTES

Spanning the Megaport global fabric

100 Gbps
MAX SPEED

Private connection provisioned in ~60 seconds

120+
OPERATORS

Different data center operators on platform

$200M
ARR

Annual recurring revenue milestone reached FY24

A Career Built on Controlled Burns

Megaport - ASX: MP1

CEO & Executive Director

Took the helm May 15, 2023. Rebuilt the sales organization, product suite, and go-to-market from the ground up. Delivered Megaport's first-ever profit after tax (FY24). Grew Customer Lifetime Value 50% year-on-year to $2.1 billion.

2023 - Present
Cisco / ThousandEyes

Chief Revenue Officer

Scaled ThousandEyes from 150 to nearly 400 employees, hired approximately 300 people in a single year during the pandemic, and grew ARR by 2.4 times. Built the world's largest cloud, SaaS, and internet visibility platform.

2021 - 2023
Cisco - San Jose, CA

Worldwide Head of Sales / Acquisitions

Spearheaded six corporate acquisitions and their integration into Cisco's business from the San Jose headquarters. Managed Cisco's global acquisition strategy and post-merger operations.

2018 - 2021
Cisco - Australia

Regional Leader & Financial Services

Ran Cisco's Northern Australia region (Queensland, NT, Papua New Guinea). Led Cisco Sales for Australia's largest financial services customers. Built deep enterprise banking relationships.

2008 - 2018

From Rocket Science to NaaS

Early 2000s

Completes Aerospace Engineering at QUT, Brisbane. Discovers there are effectively no aerospace jobs in Australia - especially post-9/11, when remaining roles require US security clearance. Pivots to tech sales.

2003-2008

Enters enterprise tech sales in Brisbane, working on PBX and IP telephony systems. Earns Cisco certifications (CCNA, CCDA) on his boss's recommendation - without knowing much about Cisco beforehand.

2008

Joins Cisco during the global financial crisis. Manages banking and financial services clients in Sydney. Begins a 15-year run at the company spanning four different continents.

2008-2018

Rises through Cisco's Australian operations. Runs the Northern region (Queensland, NT, Papua New Guinea). Leads financial services sales for Australia's largest banks.

2018-2021

Relocates to San Jose. As Worldwide Head of Sales, spearheads and integrates six corporate acquisitions into Cisco's business. Named CEO Magazine Sales Executive of the Year in 2019.

2021-2023

Becomes CRO at ThousandEyes. Grows team from 150 to 400, hires ~300 people in one year during pandemic, grows ARR 2.4x. Builds the world's largest cloud/SaaS/internet visibility platform.

May 2023

Becomes CEO & Executive Director of Megaport (ASX: MP1). Inherits a company known for burning cash. Retains one executive from the prior team. Rebuilds everything else.

FY24

Megaport posts first-ever profit after tax. Net cash swings from -$34.5M to +$28M. $200M ARR milestone reached. Adds ~$100M to balance sheet without raising capital.

FY25-2026

Customer Lifetime Value grows 50% year-on-year to $2.1 billion. Keynote panelist at International Telecoms Week 2026 on the new landscape of digital infrastructure for the AI era.

What Reid Actually Says

Where a 10 Gbps circuit once sufficed, customers now ask for 100 Gbps to train or run inference for a defined window.

- On AI-driven demand for bandwidth

Software-defined control atop pre-provisioned capacity represents the necessary industry direction for handling AI-driven compute arbitrage.

- On the future of networking

I've always been good at figuring out a multidisciplinary function - finding and igniting talented individuals for specialized roles.

- On leadership philosophy

Megaport is a global Network-as-a-Service platform that 'lives' inside the world's data centers.

- Defining Megaport's position

Three Things That Define Him

The Talent Igniter

Reid promotes people into roles they have never held before, then builds the scaffolding around them. He hired roughly 300 people in a single year at ThousandEyes during the pandemic. His superpower, by his own description: finding the right person, then getting out of the way.

📈

The Profitability Operator

He walked into Megaport when the company was burning cash and rebuilt it into a profitable operation - first time in company history - without raising a dollar of capital. The balance sheet grew by approximately $100M through operating discipline alone.

🌐

The Integration Specialist

Six corporate acquisitions integrated at Cisco. Most acquisitions fail at the organizational seams. Reid's track record across cultures, geographies, and product lines turned post-merger integration from a liability into a core competency.

Five Things Worth Knowing

01

He studied aerospace engineering because he thought it would be "the coolest job in the world." After graduating, he discovered there were essentially zero aerospace jobs in Australia - a country famous for many things, but not its rocket industry.

02

Colleagues call him "Chopper" - a nickname that predates his CEO title and has followed him across continents. The origin is murky. The implication - decisive, willing to cut through - seems apt.

03

Megaport can provision a private 100 Gbps connection between two of the world's most important data centers in approximately 60 seconds. Reid runs the only platform where an enterprise can treat bandwidth the way it treats cloud compute: elastic, self-service, and metered by the minute.

04

His podcast rotation includes All-In, This Week in Startups, and Uplink. For a CEO who manages a global network, he keeps his own information infrastructure deliberately broad - markets, technology, and operations in roughly equal measure.

05

Before Reid joined Cisco, he had never heard of the company. One CCNA certification later, he spent 15 years there, integrating six acquisitions, scaling a SaaS product 2.4x, and building a global go-to-market reputation. Sometimes the detour is the route.