Investment Firm Digital Colony to Acquire Cloud Company Cogeco Peer 1
February 28, 2019
Investment firm Digital Colony is to acquire cloud company Cogeco Peer 1. Digital Colony, which has headquarters in Boca Raton, Florida, United States alongside a presence in New York and London, United Kingdom, was only established in 2018. The company specializes in investing in “the next generation of digital infrastructure” with investments in mobile and internet infrastructure, data centers, and fiber networks. Its investments “help meet the demand for digital infrastructure capacity” and Cocego Peer 1 will continue to operate as an independent entity after the acquisition.
A Cogeco Communications subsidiary, Cocego Peer 1 has global headquarters in Toronto, Ontario, Canada while its EMEA headquarters are in Southampton, Hampshire, United Kingdom. The company focuses on data, networking and servers, and “helps keep small startups to Fortune 100 companies from around the world connected and up and running, 24/7”. Founded in 1999, the company offers a team of experts that specialize in cloud, hosting, managed IT, security, recovery, colocation, and DDoS services. Under the leadership of CEO Susan Bowen Cocego Peer 1 will remain a stand-alone entity with a focus on hybrid networking and cloud services. Financial aspects of the deal have not been released.
"We are grateful for the support and resources Cogeco Communications has provided as we established a strong fiber footprint in Canada’s two largest cities, and served customers across the globe with secure enterprise data center solutions,” suggested Susan Bowen in a press release. “As we enter our next phase of growth as a stand-alone company, we will continue to focus on meeting the needs of customers while looking for new ways to innovate and deliver the digital infrastructure solutions they need."
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