HAMILTON, ON – Telecom consulting firm Clearcable has reached an agreement with the City of Hamilton to acquire the Hamilton Technology Centre.
The 40,000-square-foot-fibre-optic facility has been operated by the city of Hamilton’s Economic Development Department since 1993.
Clearcable said Wednesday that it plans to develop the facility into a private, flexible incubator and co-working space, plus a permanent home for Clearcable staff, including space for a datacentre, technologists, and software developers.
“This acquisition will help us realize our vision of a private technology innovation centre,” said Clearcable founder and president Rob McCann, in the news release. “As a business operator with close ties to Hamilton, both personally and professionally, I look forward to an opportunity to invest in Hamilton’s success.”
McCann added the overall process is expected to take five years and represents a “tremendous investment” by Clearcable. Financial terms were not made available.
