Marlborough data center part of acquisition
TierPoint, a St. Louis-based provider of colocation and cloud services has acquired a privately held provider of similar services Xand, which is based in Hawthorne, N.Y. and employees 40 at its data center located in Marlborough, the company announced Thursday. Terms of the deal were not disclosed.
A company spokesman said it was premature to announce plans for the Marlborough location, but the company anticipates adding to its headcount as it expands its reach outside of New England.
The combined company will operate under the TierPoint name and have 13 data centers in 10 markets serving approximately 3,700 customers, it said. TierPoint added that the consolidated company will also share a common cloud infrastructure supported by industry-leading partners such as Cisco, NetApp, and Fortinet.
The acquisition is being funded through a combination of incremental equity from TierPoint’s existing investors as well as a new investor, Ontario Teachers’ Pension Plan (Teachers’), Canada’s largest single-profession pension plan, TierPoint said.
The transaction is expected to be finalized in November.
WBJ Web Partners
Most Recent
Most Recent
0 Comments