Cogeco Cable Inc. has reached a definitive agreement to acquire all of the shares of Quiettouch Inc., an independent provider of outsourced managed IT and infrastructure services to mid-market and larger enterprises in Canada.
Quiettouch offers a full suite of differentiated services that allow customers to outsource their mission-critical IT infrastructure and application requirements, including managed infrastructure and hosting, virtualization, firewall services, data backup with end-to-end monitoring and reporting, and enhanced and traditional colocation services. Quiettouch operates three data centres in Toronto and Vancouver, as well as a fibre network within key business areas of downtown Toronto.
“We’re thrilled to announce this acquisition. It is in line with our strategy of developing the business market. It also demonstrates our willingness to seize upon external growth opportunities in our Canadian footprint when they arise,” said Louis Audet, President and CEO, Cogeco Cable. “This acquisition will enable us to widen our market focus and better serve the medium and large business market. Quiettouch is very well positioned in the managed IT and infrastructure services market and provides tremendous growth potential in the foreseeable future.”
“We’re pleased with this transaction. Cogeco Cable is a well-respected and a well positioned company in the telecommunications industry,” said Dave Templeton, President, Quiettouch. “We feel strongly that this transaction will also create added value for our customers, employees and management, who will benefit from Cogeco Cable’s expertise and market knowledge.”
The transaction will close once certain arrangements and commercial approvals are obtained. Cheverny Capital was Cogeco Cable’s advisor for this proposed transaction.