Cable & Telecom

TeraGo acquires AirVm’s international hosting business; Q1 revenue jumps 22%

TORONTO – TeraGo Inc. subsidiary TeraGo Networks is buying the hosting business currently operated and carried out by Ottawa-based AirVM Inc.  Financial terms of the deal were not disclosed.The company said Friday that the pending acquisition will bring expanded Infrastructure as a Service (Iaas) offerings to TeraGo from locations in the United States and the United Kingdom, as well as add new international channel partners."This acquisition gives us some international presence, and enables us to serve European and American customers with very competitively priced offerings due to foreign exchange rates”, said TeraGo president and CEO Stewart Lyons, in the news...