Press release from Marketwire
TeraGo Networks Acquires Vancouver Data Center
Thursday, February 13, 2014
TeraGo Networks Acquires Vancouver Data Center07:00 EST Thursday, February 13, 2014
TORONTO, ONTARIO--(Marketwired - Feb. 13, 2014) - TeraGo Inc. (TSX:TGO) (www.terago.ca), a leading national broadband services and colocation provider to businesses in Canada, announced today that it has expanded its data center business in Western Canada through the acquisition of a 7,000 square foot data center facility in downtown Vancouver, B.C.
The acquisition of the Vancouver data center will provide TeraGo with the capability to service the co-location and disaster recovery needs of businesses through the BC Lower Mainland.
"TeraGo's strategy is to build and strengthen our position as a leader in data center services as a complement to our broadband services; expanding our data center presence in Western Canada represents another significant step toward this objective," said Stewart Lyons, CEO and President of TeraGo Networks. "The addition of this Vancouver site contributes to our continued growth by providing the tools that our small and medium business customers need to do business. We are experiencing strong demand for data center services, and this acquisition will assist us in meeting customer requirements in British Columbia."
TeraGo Networks acquired Data Centers Canada (DCC) in May 2013 as a part of its strategic initiative to offer complementary services to business and enterprise customers. The DCC facility in Vaughan, ON is 16,000 square feet and provides data center solutions to businesses, enterprises, public sector, and technology service providers. The Vancouver facility will operate under the Data Centers Canada brand.
Lyons concluded, "Combining data center services with our extensive IP-based network allows us to enable businesses across Canada to innovate and grow in a dynamic and fast-paced market. We remain focused on continuing to drive growth, both organic and through acquisition, in both broadband and data center services."
About TeraGo Networks
TeraGo Networks Inc. provides businesses across Canada with data services, including carrier-grade broadband communications, data centre colocation and related products. TeraGo owns and manages a national IP network servicing over 6,500 customer locations in 46 major markets across Canada and offers certified colocation and disaster recovery solutions provided by Data Centers Canada, a division of TeraGo Networks. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and is a wholly owned subsidiary of TeraGo Inc. (TSX:TGO). More information about TeraGo is available at www.terago.ca.
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Jody Burfening / Carolyn Capaccio