Data center services provider Compass Datacenters
(Compass) has acquired Canadian provider Root Data Center (Root), a company which operates two “highly energy-efficient data centers” in Greater Montreal. Dallas, Texas-based Compass was established in 2011. The company offers services to cloud and Software-as-a-Service (SaaS) providers, colocation companies and hosting providers. It was in the news recently for working on a $20 million expansion of a 9,000 square feet data center facility owned by St. Louis, Missouri-based company, TierPoint. The financial aspects of its acquisition of Root Data Center have not been released.
Root has headquarters in Montreal, Quebec, Canada. The company specializes in “next-generation colocation that goes beyond just security and reliability” and prides itself on “enabling IT organizations to outperform their competitors”. Its services extend to infrastructure solutions and disaster recovery options. Root represents Compass’ first acquisition since announcing plans to develop new data center campuses at a cost of up to $3 billion.
The development is being supported by investors that include RedBird Capital Partners, Ontario Teachers’ Pension Plan, and Israeli real estate company Azrieli Group Ltd.
“We are on track to deliver substantial capacity in some of the fastest growing hyperscale markets across the U.S. and Canada,” explained Compass’ CEO Chris Crosby. “Compass now has a foothold in three of the fastest-growing markets in North America – Montreal, Phoenix, and Northern Virginia. Montreal, a particularly strong market, is a hub for both enterprise and hyperscale deployments,” said Kelly Morgan, Vice President of Research at The 451 Group. “With this acquisition, Compass immediately becomes one of the top three wholesale providers in Montreal and gains an experienced management team there that can enable continued expansion in the area and beyond.”Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.