Terago Acquires BoxFabric in Ottawa, CanadaIn cloud and managed services
This is a Press Release edited by StorageNewsletter.com on 2016.10.04
BoxFabric provides cloud and managed services, including the delivery of mission critical IS/IT systems and applications, broadband network connectivity, related professional services, and technical support to clients including federal and provincial government entities, hospitals, non-profit organizations and private enterprises.
"The BoxFabric acquisition extends TeraGo's cloud presence into Ottawa, which has a robust and growing high-tech industry that we believe is well suited for TeraGo's full suite of IT solutions," says Stewart Lyons, president and CEO, TeraGo. "The BoxFabric team has built strong relationships with its clients and we look forward to continuing their role as a trusted partner, while also expanding the capabilities and services available."
The acquisition was funded without accessing TeraGo's existing credit facilities and therefore offers additional financial flexibility for TeraGo to continue to pursue opportunities within its acquisition pipeline.
TeraGo, through its wholly-owned subsidiaries TeraGo Networks Inc. and RackForce Networks Inc., provides businesses across Canada and globally with network and voice services, data centre services and enterprise infrastructure cloud services. it owns and manages its IP network servicing over 4,200 business customers in 46 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg, as well as operating seven data centres in the Greater Toronto Area, the Greater Vancouver Area, Kelowna and Winnipeg.