Q9 Networks will invest $125 million in a major new data center in Toronto, the company said today. The 240,000 square foot data center will be able to house 6,500 cabinets and will be the company's sixth facility in the greater Toronto market. The first phase of capacity will be available to customers in January 2011.
Q9 recently secured $210 million in new financing and is backed by private equity investment firm, ABRY Partners, which has $4.4 billion of capital under management and is committed to Q9's continued expansion.
"Canadian businesses of all sizes are increasingly recognizing the inherent value of outsourcing to a data center and hardware infrastructure specialist like Q9," says Osama Arafat, Chief Executive Officer. "Today's announcement further strengthens our market leadership and demonstrates our commitment to meeting the needs of our customers well into the future."
ABRY Partners bought Q9 Networks for $361 million in 2008.