This transaction will allow Host.net to continue its growth and expansion, it said.
“The transaction will allow Host.net to continue to lead the industry, to grow to the next stage by adding more data centers, and to expand their portfolio of services to remain the industry’s benchmark,” said Ted Mocarski, senior advisor at Novacap.
For Novacap, the transaction also represents the next step in the path of expanding its successful investment strategy to the US. The firm has $790m in assets under management
“It is part of a plan to increase our presence in the US, and this agreement shows that we are a serious player in the market,” said Pascal Tremblay, president of NOVACAP Technologies. “Our expansion will benefit our portfolio of companies, and will help us find additional opportunities throughout North America and in international markets.”
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