TeraGo, an end-to-end data solutions provider has completed its acquisition of RackForce Networks, an enterprise cloud service provider for $33 million to become Canada's leading enterprise class network, data, voice and cloud services provider. TeraGo, through its wholly owned subsidiary TeraGo Networks, provides businesses across Canada with data and voice communications services, data center colocation and hosting services as well as cloud Infrastructure as a Service (IaaS) computing and storage solutions.
The acquisition will see RackForce contributing its expertise in the management of enterprise cloud services including the IaaS and Application Hosting Services (SaaS). The company delivers it services via extensive collaboration with other players in the cloud services market, including Cisco, VMware, IBM, Kaltura and Mitel, it said.
Tim Dufour, President & CEO, RackForce
The RackForce team is excited and highly motivated to build on the momentum we are seeing in the cloud services industry. We look forward to continuing our commitment to delivering exceptional customer service. Together, the expanded capabilities of TeraGo and RackForce are very positive for our employees, customers and partners, and further strengthen our position as the largest Canadian cloud service provider.
Stewart Lyons, President & CEO, TeraGo
The combination of RackForce and TeraGo creates a unique and competitive value proposition for customers looking for a national provider of end-to-end data solutions. Together, we deliver a comprehensive portfolio that can serve the needs of customers of all sizes, from SMBs to large global enterprises. We are delighted to welcome the RackForce team to TeraGo and we look forward to jointly pursuing the significant opportunities ahead of us.
