Announced
Completed
Financials
Tags
Canada
Friendly
Internet
Private
internet connectivity services
Majority
Private Equity
Acquisition
Single Bidder
Domestic
Completed
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.