Canadian cable operator Cogeco announced this morning that it has reached an agreement to buy Quiettouch, which is a provider of outsourced managed IT and infrastructure services, for an undisclosed sum.
Quiettouch offers medium- and enterprise-size businesses in Canada managed infrastructure and hosting, virtualization, firewall services, and data backup with end-to-end monitoring and reporting, as well as enhanced and traditional colocation services.
Quiettouch operates three data centers in Toronto and Vancouver, as well as a fiber network within business areas of downtown Toronto.
"We're thrilled to announce this acquisition. It is in line with our strategy of developing the business market. It also demonstrates our willingness to seize upon external growth opportunities in our Canadian footprint when they arise," said Louis Audet, president and CEO of Cogeco Cable. "This acquisition will enable us to widen our market focus and better serve the medium and large business market. Quiettouch is very well positioned in the managed IT and infrastructure services market and provides tremendous growth potential in the foreseeable future."
Cogeco said the transaction would close once certain arrangements and commercial approvals were obtained. Cheverny Capital was Cogeco Cable's advisor on the deal.
Cogeco is the second-largest cable operator in Ontario, Quebec and Portugal, based on the number of basic cable subscribers it serves.
Cogeco also provides its business customers with data networking, e-business applications, video conferencing, Web hosting, Ethernet, private line, VoIP, HSI, data storage and security, and colocation services.