With Canadian companies clamoring to store data at home, and key data center locations in Toronto and Montreal expected to grow 20 percent annually over the next few years, newcomer eStruxture announced this week it is entering the data center services market.
The Montreal-based company said it will use $80 million in raised capital from Canderel and Caisse de dépôt et placement du Québec to expand its footprint.
“Cloud adoption and the overall proliferation of data are driving increased demand for hyper-scaled, enterprise class data centers to support processing and storage capacity,” Todd Coleman, president and CEO of eStruxture, said in a statement. “Customers are looking for experienced data center operators with the expertise and financial ability to grow with customer needs."
eStruxture also announced it has acquired Montreal-based Netelligent Hosting Services, one of the largest data center operators in the city with more than 850 customers using its downtown data center facility.
“This first acquisition gives us access to high-quality infrastructure and a strong enterprise customer base," Coleman said. "Thanks to the experience and expertise of the team already in place, we will benefit from growth opportunities in Montréal, Toronto, Vancouver, and elsewhere in the country.”
The Canadian market has advantages that global customers looking to process and store data in North America may find appealing, including relatively low energy costs, cooler climate, and a business-friendly regulatory environment.