TeraGo buys Ottawa-based BoxFabric

TORONTO – TeraGo Inc. has bought 100% of the issued and outstanding shares of Ottawa-based Codeninja Ltd., which operates as BoxFabric.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 a range of clients including federal and provincial government entities, hospitals, non-profit organizations and private enterprises.Financial terms of the deal were not disclosed. TeraGo did say, however, that the deal was funded without accessing its existing credit facilities, offering additional financial flexibility for it to continue to pursue opportunities within its “acquisition pipeline”."The BoxFabric acquisition...