Videotron buys 4Degrees Colocation for $31.5M

MONTREAL – Videotron said Wednesday that it has acquired Quebec City’s 4Degrees Colocation for $31.5 million.The transaction will allow Videotron Business Solutions to expand the services it offers business customers and meet its customers' growing technological and hosting needs, reads the announcement.Built in 2014 in the heart of the Quebec Metro High Tech Park, 4Degrees provides businesses and institutions with a sophisticated, secure colocation facility. With a total capacity of more than 2,000 cabinets and the equivalent of 85,000 servers, it is also one of the few data centres in Quebec to be Tier III certified by the Uptime Institute.“The...