Cogeco Data Services has opened a new data center in the heart of Toronto’s business district in order to provide low-latency connections to some of Canada’s largest businesses and financial institutions.
Instead of pushing the data center out into the suburbs, Cogeco chose to put it next to some of Canada's most important institutions.
"The trend has been to move data center outside the downtown core because real estate is at a premium in major economic hubs like Toronto," said Tony Ciciretto, president of Cogeco Data Services. "But Canada's largest business district has unique needs, including access to unparalleled speed and the ability to access facilities quickly for maintenance activities or in the event of an emergency. Even brief delays for a financial or business transaction can mean the difference of millions of dollars, and that means that customers of our downtown facility will have a distinct advantage in meeting and exceeding the extreme latency and proximity requirements of the business sector."
Cogeco Data uses its wholly owned, all-optical network to connect its data centers, private cloud services, and suite of managed IT and professional services that it offers its clients.
The new downtown facility will complement Cogeco Data's existing facilities in Toronto and its soon-to-be-constructed facility in Barrie – enhanced with remote backup, business continuity and disaster recovery services. Organizations often require both local and remote facilities depending on their business goals and regulatory parameters.
Cogeco said the investment was made because of the growing demand for its dedicated high-speed, low-latency network and managed IT and professional services as more organizations move from onsite environments to cloud computing and hybrid service models.