Hypertec Sells Hyperscale Data Center Operations to Vantage Data Centers
Hypertec will be further investing in the growth of its technology product and digital health business units as well as new high growth verticals
Montreal, November 20, 2020 – Hypertec, an end-to-end global provider of technology products and value-added services, announces today that it has completed the sale of its hyperscale data center and colocation business assets to Vantage Data Centers, a leading global provider of hyperscale data center campuses.
This transaction is exclusively related to Hypertec’s data center and colocation operations, which will now be branded under Vantage Data Centers.
As part of its continuing growth strategy, Hypertec plans to significantly increase its investments in research and development, artificial intelligence and green technologies as a means to enhance its product and service offerings to its targeted customers in the financial services, healthcare, media and communication sectors, as well as to optimize and increase the efficiency of its own operations.
“The velocity at which digital transformation is occurring across the globe is unprecedented, making our portfolio of cutting-edge products and services more necessary than ever for the markets and customers we serve,” said Robert Ahdoot, Hypertec’s Founder and Chief Executive Officer. “This sale to Vantage allows us to provide the necessary resources to propel our fast growing technology solution and digital health businesses as well as to pursue new synergistic growth opportunities.”
The acquisition of Hypertec’s data center and colocation operations enables Vantage to continue capitalizing on Montreal’s hyperscale growth, given its access to scalable, renewable energy and attractive power costs.
“I would like to express my sincere appreciation for the contributions and dedication of our data center colocation team over these last years,” continued Mr. Ahdoot. “I wish them well and am confident that the business is in good hands under the leadership of Vantage.”
RBC Capital Markets acted as exclusive financial advisor to Hypertec, and BCF acted as legal counsel.
Founded in 1984, Hypertec is a global technology provider, offering a wide range of cutting-edge infrastructure technology products and services and trusted by leading cloud, communication, financial services, media and entertainment, healthcare and public sector organizations. Deploying to customers in more than 80 countries worldwide, Hypertec has the unique ability to rapidly deliver innovative, scalable, tailored technology solutions that are true to its reputation for quality and reliability.
For more information please visit: www.hypertec.com.
About Vantage Data Centers
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across six markets in North America and six markets in Europe, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
For more information, visit www.vantage-dc.com.
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