MONTREAL – Videotron said Wednesday that it has acquired Quebec City’s 4Degrees Colocation for $31.5 million.
The transaction will allow Videotron Business Solutions to expand the services it offers business customers and meet its customers' growing technological and hosting needs, reads the announcement.
Built in 2014 in the heart of the Quebec Metro High Tech Park, 4Degrees provides businesses and institutions with a sophisticated, secure colocation facility. With a total capacity of more than 2,000 cabinets and the equivalent of 85,000 servers, it is also one of the few data centres in Quebec to be Tier III certified by the Uptime Institute.
“The integration of 4Degrees into our operations is very much in keeping with our vision of making life simpler than ever for our business customers”, said Videotron president and CEO Manon Brouillette, in the news release. This investment also enables our teams to more effectively support Quebec companies of all sizes seeking integrated business solutions that meet their needs. By linking up with experts in a high-tech field, we are reaffirming our commitment to innovation and to supplying Quebec businesses with the technology of their choice."
"For us, this connection strengthens and enhances our business plan”, added outgoing 4Degrees Colocation president Martin Bouchard. “It is very motivational for our people: being part of a flagship telecommunications provider will serve as a powerful magnet, bringing 4Degrees new customers and bringing economic benefits to the Quebec City area."
