ROOT Data Center, a provider of colocation data centers in Montreal, Canada, has secured $90 million in new financing from Goldman Sachs. This would allow the company to expand into new regions and continue to grow to meet customer demands.
ROOT Data Center, currently operating two data centers in greater Montreal while delivering enterprise colocation as well as wholesale colocation services, will utilize the influx of capital for enhancing and adding new colocation services characterized by “highly reliable” infrastructure, green energy solutions, and strict security standards.
ROOT has the ability to accommodate the most advanced and high-density servers today, up to 40kw per rack. The scalability and performance of its high-density power solutions, combined with free air-cooling systems and the cool, Canadian climate, would provide customers with “cost-effective” power in a “highly secured and reliable” colocation environment with storage solutions designed to suit businesses of any size.“ROOT Data Center is actively positioning itself to meet the ongoing demand for data center space in Montreal at a time when major cloud providers are seeking more colocation services in the Canadian market, and multinational companies are identifying the many business and economic advantages the province of Quebec has to offer for data hosting,” said AJ Byers, President and CEO, ROOT Data Center. “This funding improves ROOT’s financial strength and long-term stability, enabling the company to enter new regions and markets, complete facility expansions, and properly invest in capacity to better serve demand from growing business sectors such as the retail segment.”
ROOT Data Center’s customers include cloud hosting providers, telecommunications service providers, Internet Service Providers (ISPs), multinational enterprises, and one of the largest hyperscale technology providers in the world.
The announcement follows the news that ServerMania, a provider of dedicated servers and (hybrid) cloud, chose ROOT Data Center to co-locate in one of their Montreal data centers, MTL-R2. The data center location in Canada would help ServerMania expand its international reach to serve customers both in the U.S. and Canada.