Deals

“We want to support our thriving UK tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this.”

The speech-recognition pioneer's technology is aimed at helping doctors predict patients’ needs and upgrading hospitals’ digital record-keeping.

Prospective suitors are said to include other telecom companies and private equity firms.

eStruxture's acquisition of eight Aptum facilities is the latest of multiple Canada-focused data center deals in recent years.

Its revenue has grown over the past three years while losses have held relatively steady.

Its platform includes secure components, such as code and open source libraries, to develop so-called cloud-native applications.

Former CyrusOne CTO Kevin Timmons is leading the InterPrivate IV SPAC as CEO, with Gary Wojtaszek and Peter Gross on the board.

The operator recently said it was expanding its data center footprint in cities including Mumbai, Noida and Chennai.

The investment, together with Onix Data Centres management team, will ramp up the size of the facility into the largest in the country.

The combined company is slated to be worth about $2 billion and a deal is set to be announced in coming weeks.