CentriLogic has acquired managed infrastructure provider Advanced Knowledge Networks (AKN), it announced Thursday, combining two growing companies into a one-stop-shop for IT outsourcing. The acquisition improves CentriLogic’s Canadian market access as well as its service capabilities, according the announcement. The financial details of the deal were not disclosed.
AKN was founded in 2000, and delivers managed IT infrastructure solutions including hosting, cloud, and private WAN services to mid-market and large enterprises in Canada. It now has locations in Vancouver, Calgary, Toronto, and Halifax, and has achieved profitability and consistent growth, according to a statement. Its team will immediately be integrated with CentriLogic.
“We believe that our two companies combined will serve Canadian and International organizations through delivering a wide variety of adaptable offerings for IT infrastructure management, while enabling CentriLogic to immediately extend our Canadian presence from Ontario to nationwide,” Robert Offley, President & CEO of CentriLogic said in a statement.
Toronto-based CentriLogic will now offer a secure end-to-end infrastructure solution including managed, cloud, and co-location hosting, private network connectivity, and supplementary managed services. CentriLogic’s hosting services and AKN’s infrastructure and network will benefit both customer bases, the companies said.
CentriLogic recently surpassed 1000 percent five-year revenue growth, and is on pace to for nearly $40 million in revenue after taking in closer to $25 million in 2014, according to The Globe and Mail. It opened a 1.5 MW Tier 3 data center in Ontario in September to bring it to 10 interconnected data centers in North America, Europe, and Asia.
“Building on the September opening of its 28,000 square foot enterprise-grade facility in Ontario, we believe this acquisition is another key step in CentriLogic’s ability to become a leading independent provider of end-to-end IT outsourcing solutions in Canada,” Mark Schrutt, Research Vice-President, Services and Enterprise Applications at IDC Canada said in a statement. “Combined service capabilities will accelerate CentriLogic up the managed services stack, and the synergies derived from the acquisition will enable CentriLogic to extend well into the Canadian mid and large-sized enterprise market.”