ROOT Data Center Inc. Signs TekSavvy as Strategic Investor and Anchor Colocation Client
MONTREAL, QC, and CHATHAM, ON, May 13, 2014
Investment in independent facility helps bring new competitor to the telecom market
MONTREAL, QC, and CHATHAM, ON, May 13, 2014 /CNW/ - ROOT Data Center Inc. and TekSavvy Solutions Inc., one of Canada's leading independent telecommunications service providers, are pleased to announce a new partnership. The partnership makes TekSavvy an anchor tenant and strategic investor in ROOT's next generation energy efficient Montreal colocation data centre designed to Tier 3 standards.
TekSavvy's investment in ROOT will ensure high availability and geographic redundancy for TekSavvy's growing portfolio of telecommunications services, and serve as a basis for building out TekSavvy's managed services and Software-as-a-Service offerings. The investment follows TekSavvy's detailed review of the ROOT data centre design, growth strategy, and capacity to meet clients' long-term requirements. For ROOT this investment, combined with that of other financial investors including ROOT's management, will shore up long-term corporate stability and improve ROOT's ability to access future financing required to fuel corporate growth.
"We're pleased to partner with ROOT. ROOT is a company that focuses on offering high-value, reasonably-priced products that bring real competition to the marketplace," said Marc Gaudrault, CEO of TekSavvy. "Our strategic investment in ROOT ensures that we can offer our customers even more reliable products and services in the future. Like us, ROOT is different in a good way. We're happy to be a part of that."
ROOT is pleased to have TekSavvy as a long-term investor and partner.
"TekSavvy's established business is built on the same fundamental values as our own, offering customers exceptional services at fair prices," said Jason van Gaal, CEO of ROOT. "We are delighted to be joined by TekSavvy, and look forward to the growth of our relationship."
About ROOT Data Center Inc. ROOT Data Center is a disruptive, independent, next-generation data centre colocation provider that offers colocation services for less than the cost of power. The $20 million, carrier-neutral, 5MW, 500-server-rack facility is strategically located less than 15 minutes from downtown Montreal and the airport. ROOT will be the first data centre provider in Montreal to deploy a next-generation cooling technology, allowing ROOT to offer services for 30-70% less than some other providers. For more information visit www.rootdatacenter.com
About TekSavvy Solutions Inc. TekSavvy Solutions Inc (TSI), is one of the leading independent providers of telecommunications services in Canada. Founded in 1998, TSI provides residential, business and wholesale Internet and phone services in Canada. Today, TSI's services are used by tens of thousands of Canadians. Based in Chatham, Ontario, TSI operates offices in Chatham and Ottawa. TSI is a privately held company that is in the forefront of protecting Canadian consumers' rights online. For more information, visit www.teksavvy.com. We're Different. In a Good Way.