![]() ![]() ![]() Existing Q9 management will continue operating the company, including Chief Executive Officer Osama Arafat and President & Chief Operating Officer Paul Sharpe.īell Canada teamed with an investor group including the Ontario Teachers' Pension Plan and private equity investors Providence Equity Partners and Madison Dearborn Partners. The company will continue to be headquartered in Toronto and operate as a stand-alone entity under its new ownership. Q9 Networks has 11 data centers in the Toronto area, Calgary and British Columbia. The deals provide compelling examples of why private equity firms have been focused on investments in the data center industry. The transaction marks the second time ABRY has acquired a data center provider and sold it to a telecom provider for a substantial premium, a model previously followed in ABRY's 2007 purchase of Texas provider CyrusOne, which it sold to Cincinnati Bell in 2010 for $525 million. The deal is also a huge win for private equity firm ABRY Partners, which bought Q9 Networks in 2008 for $361 million. It's the latest in a series of deals in which telcos have bought up data center companies to expand into the growing market for cloud computing services. The Toronto-based provider is being acquired by Bell Canada and a team of investors.īell Canada is partnering with a group of investors to buy data center provider Q9 Networks for $1.1 billion Canadian ($1.06 billion US), the company said today. The interior of a Q9 Networks data center. ![]()
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