TeraGo buys RackForce Networks for $31M

TORONTO – TeraGo is buying Canadian enterprise cloud service provider RackForce Networks for $31 million, the companies said Thursday.TeraGo said that the acquisition, which is expected to close on or about March 27, 2015, increases the scale and reach of its data centre and cloud services business. Specifically, due to the addition of RackForce's GigaCenter in Kelowna, BC, the move increases TeraGo's data centre footprint from 40,000 to 58,000 square feet of raised floor space and available power from 6MW to approximately 13MW.Based in Kelowna and in operation since 2001, RackForce Networks says it is the country's largest enterprise cloud...