- Initial $80 million capital funding round led by Canderel and Caisse de dépôt et placement du Québec
- Acquisition of leading Montréal data center operator
MONTRÉAL, June 14, 2017 /PRNewswire/ - eStruxture Data Centers Inc., a new network and cloud-neutral data center operator based in Montréal, announced the creation of its Canada-wide platform. It will serve the increasing demand for large, energy efficient data centers, driven by the adoption of cloud services and a move to store data within Canada. The initial $80 million in capital raised, led by Canderel and Caisse de dépôt et placement du Québec, will be used to expand eStruxture's footprint across Canada through the acquisition of existing data center operators and new data center development.
"Cloud adoption and the overall proliferation of data is driving increased demand for hyper-scaled, enterprise class data centers to support processing and storage capacity," said Todd Coleman, President and Chief Executive Officer of eStruxture. "Customers are looking for experienced data center operators with the expertise and financial ability to grow with customer needs. The Canadian market provides competitive advantages that global customers, looking to process and store their data in North America, find appealing, including the low energy costs, cooler climate and business-friendly regulatory framework."
"We are excited about developing this new platform with world-class partners. We intend to share our expertise and network with eStruxture to help the company expand in new markets across Canada," stated Jonathan Wener, founder and CEO of Canderel and founding partner of eStruxture.
"With this investment in the cloud-data management industry, la Caisse once again supports a promising, fast‑growing sector. eStruxture is backed by seasoned managers whose expertise will benefit local, national and international companies alike that are adopting cloud computing to improve efficiency. We believe in the company's business model and aim to support it in its expansion across Canada," said Christian Dubé, Executive Vice-President, Québec at la Caisse.
A first acquisition in Montréal
eStruxture completed its first acquisition by purchasing the assets of Netelligent Hosting Services, one of the largest data center operators in Montréal.
Netelligent provided now colocation, cloud, managed services and bandwidth to over 850 customers and has developed a cloud-neutral ecosystem enabling its customers to access diverse private and public cloud providers. The downtown data center facility is uniquely positioned to provide eStruxture customers with high-density power of up to 30 kW per cabinet.
"This first acquisition gives us access to high-quality infrastructure and a strong enterprise customer base. Thanks to the experience and expertise of the team already in place, we will benefit from growth opportunities in Montréal, Toronto, Vancouver and elsewhere in the country," concluded Todd Coleman.
eStruxture provides network and cloud-neutral data center solutions designed with the capacity, performance and flexibility to run modern, demanding enterprise applications, and the control to rapidly scale in response to unpredictable changes in business processes. Headquartered in Montreal, the company provides access to an ecosystem of over 850 customers that trust and depend on eStruxture's mission critical infrastructure and customer-centric support, including carriers, cloud providers, media, content, financial services and enterprise customers. eStruxture offers colocation, private cloud, managed services, bandwidth, and security and support services to customers of all sizes. For more information, go to www.estruxture.com.
Now celebrating its 43rd year of operations, Canderel (www.canderel.com) is a national real estate development, investment and management company, with landmark projects in Montréal, Toronto, Ottawa, Calgary, Edmonton and Vancouver.
ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2016, it held $270.7 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.