Following the acquisition, Beanfield Technologies plans to expand its services to the U.S.
DLA Piper Canada has helped seal the acquisition of Beanfield Technologies, an independent Canadian bandwidth infrastructure provider, by Digital Colony, a global mobile and internet infrastructure investment firm.
According to a news release, the firm’s legal team, which acted on behalf of Beanfield, was led by partner Russel Drew and associate Sydney Kert. The team likewise included Mackenzie Clark, Rachel Kurtzer, Joanne Pierucci, Kevin Fritz, Michael Richards, Ryan Campbell and Catherine Pawluch.
As per a video interview, Beanfield was established 30 years ago, and currently serves as the largest independent fibre provider in Ontario. The extent of its vast fibre optic network covers more than 76,000 strand kilometers of fibre infrastructure, 367 commercial locations, 161 multi-dwelling units and 13 data centers.
“Ontario, for us, is just the first step in our national strategy,” said Daniel Simmons, Beanfield’s Director of Cloud Strategy. “We’re looking forward to the U.S. market to deliver cloud services and to really build out our service offering and address client needs for products that can only be found in the U.S. market.”
Simmons then said that the company is looking forward to extending its network beyond Toronto and Montreal, to be able to service Vancouver as well as the U.S.