Ad Image

TeraGo to Acquire RackForce for $33 Million

TeraGo Networks to Acquire RackForce

TeraGo Networks to Acquire RackForceRackForce Networks Inc., Canada’s largest Enterprise Cloud service provider is selling 100% of its outstanding shares to TeraGo Networks Inc., a Canadian national provider of end-to-end data solutions for $31 million (CA). Rackforce will also sell TeraGo $2 million of common shares.

TeraGo will become Canada’s leading provider of enterprise cloud solutions after the acquisition.

“The RackForce acquisition provides TeraGo with a growth platform in the attractive cloud services industry,” said Stewart Lyons, President and CEO of TeraGo, in a press release last Thursday. “Rackforce will complement our business and transform TeraGo into Canada’s premier enterprise-class network, data, voice, and cloud services provider.”

Rackforce has been a leading advocate of cloud adoption in Canada and was named VMware Cloud Partner of the Year for 2014.

The deal is expected to close on March 27, 2015.


Widget not in any sidebars

Share This

Related Posts