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Announced

Completed

Digital Colony-backed Beanfield Technologies completed the acquisition of Openface.

Synopsis

Digital Colony-backed Beanfield Technologies, a digital services provider, completed the acquisition of Openface, a provider of internet connectivity services. Financial terms were not disclosed. "We are excited to join forces with Openface and expand our presence into Montreal. This acquisition will allow us to meet our customers' growing connectivity needs as data speed and reliability become increasingly critical to business operations. Furthermore, the combined larger business will ensure customers in Canada's two largest markets can access our best-in-class fiber solutions," Dan Armstrong, Beanfield CEO.

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