CentriLogic, a provider of managed hosting, cloud hosting and colocation with data center facilities throughout North America, Europe and Asia, has acquired Adveniat Corporation, a U.S. Virgin Islands data center operator and hosting services provider. Through the acquisition, CentriLogic can now directly support customers who are looking for both managed hosting solutions and significant income tax savings.
Adveniat Corporation operates a Tier 1, N+2, data center in the U.S. Virgin Islands (USVI). The company delivers managed hosting, virtualization, custom server architecture and disaster recovery services to enterprise customers within the telecom, education, government and finance industries. Financial details of the transaction were not disclosed.
Through this acquisition, CentriLogic customers can now leverage the company’s hosting solutions delivered from the USVI data center while also having the opportunity through University of the Virgin Islands Research and Technology Park (RTPark) to qualify for income tax reductions on revenues generated from ecommerce and digital media activities in the USVI.
The U.S. Virgin Islands is an increasingly-attractive hosting destination for ecommerce companies because it offers up to a 90 percent reduction in income tax liability on qualifying revenues harmonized to U.S. Treasury Department regulations. The area is also a critical telecommunications hub connecting South America, Central America, and the Caribbean to North America and Europe.
“By acquiring Adveniat, we have established CentriLogic as the RTPark’s premier independent gateway and hosting provider, and we are now the first carrier-neutral managed hosting provider in the USVI,” said Robert Offley, President & CEO, CentriLogic. “With a state-of-the-art data center and fiber connectivity in the USVI, we can now directly support customers who are looking for both reliable managed hosting solutions and significant income tax savings. We are also motivated to help fulfill the RTPark’s goal of attracting competitive and innovative ecommerce business to the region and helping develop the economies of its USVI Territories.”
Headquartered in Toronto, Ontario, Canada, and Rochester, New York, USA, CentriLogic is a global provider of managed hosting, cloud computing, and advanced IT outsourcing solutions. Its acquisition of Adveniat Corporation is strategic to the company’s global expansion program.