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New Deal


Announced

Completed

HostedBizz completed the merger with Opti9 Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

Friendly

Canada

data center

IT Services: Other

Private

infrastructure as a service

Merger

Cross Border

Single Bidder

Acquisition

Synopsis

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HostedBizz, a cloud Infrastructure-as-a-Service provider, completed the merger with Opti9 Technologies, a cloud services provider. Financial terms were not disclosed. "The opportunity to combine the capabilities of Opti9 with HostedBizz's expertise in the Canadian cloud computing market and the strength of their partner ecosystem will broaden the range of available services we bring to our customers. HostedBizz has been a market maker for cloud and security solutions in Canada for over 10 years, and today we are excited to join forces to deliver a multifaceted, hybrid cloud capability set that delivers unprecedented scale, reach, performance, reliability, security and value to partners and customers across North America," Bill Bancroft, Opti9's CEO.

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