ROOT Data Center Inc. has secured $90 million in new financing from Goldman Sachs.
ROOT Data Center is backed by Abry Partners, a Boston based private equity investment firm which had backed Q9 Networks. TekSavvy Solutions Inc. is a strategic investor in ROOT Data Center.
ROOT currently operates two data centers in greater Montreal. The facilities exceed Tier 3 standards, are carrier-neutral and designed to achieve market leading energy-efficiency.
ROOT Data Center will use new funds to expand into new regions and continue to grow to meet customer demands. ROOT Data Center continues to experience high demand for expansion from both existing and new customers, and the influx of capital underscores the company’s commitment to provide cutting-edge colocation services characterized by highly reliable infrastructure, low-cost, green energy solutions, and strict security standards.
“ROOT Data Center is actively positioning itself to meet the ongoing demand for data center space in Montreal at a time when major cloud providers are seeking more colocation services in the Canadian market, and multinational companies are identifying the many business and economic advantages the province of Quebec has to offer for data hosting,” states AJ Byers, President and CEO, ROOT Data Center. “This funding improves ROOT’s financial strength and long-term stability, enabling the company to enter new regions and markets, complete facility expansions, and properly invest in capacity to better serve demand from growing business sectors such as the retail segment.”
Companies benefit from ROOT’s unmatched deployment speeds and locally sourced, low-cost renewable hydro-electric power. Located along one of the most heavily-trafficked routes on the internet connecting Europe with the U.S., its data centers are ideally positioned to ensure low-latency connectivity for international business operations.
photo credit: ROOT Data Center