Beanfield acquires Aptum's WAN business; parent invests $255 million

TORONTO — Aptum Technologies (formerly Cogeco Peer 1) announced today it has completed a transaction with Beanfield Metroconnect for the acquisition of Aptum’s WAN (wide area network) business. Both companies are owned by global digital infrastructure investor Digital Colony. The agreement between the two companies allows Aptum to focus on growing its data centre and hybrid multi-cloud solution offerings, while the addition of Aptum’s metro networks in Toronto and Montreal enhances Beanfield’s connectivity and fibre solutions, says the news release. “We are confident that sharpening our long-term focus by investing more time and resources into the growth and enhancement of...