MARKET MOVEMENT
Mubadala Investment Company and Stonepeak announce deal to sell Cologix to accelerate market growth
Mubadala Investment Company and Stonepeak , an investment firm specialising in infrastructure and real assets , have announced an agreement to sell Cologix – the largest private interconnection and hyperscale edge platform in North America . The transaction is expected to close in early 2022 .
Cologix is North America ’ s leading network-neutral interconnection and hyperscale edge data centre company with more than 600 networks and over 300 cloud providers across the platform . The company provides critical IT infrastructure to more than 1,600 customers through its operations that span 40 interconnection and hyperscale data centres in 11 North American markets .
“ Our success as a leading investor lies in our ability to identify uniquely-placed quality businesses to venture into , and equally importantly , assess monetisation opportunities to ensure that we maintain significant capital growth and a healthy portfolio of business investments . We firmly believe that our involvement with Cologix ticked all those boxes from the outset and we are pleased to have contributed to this successful partnership ,” said Khaled Al Qubaisi , CEO , Real Estate and Infrastructure Investments , Mubadala .
Mounir Barakat , Executive Director , Digital Infrastructure Investments , Mubadala , said : “ Mubadala is very proud of its positive involvement in the latest chapter of Cologix ’ s journey and of the collaborative and constructive engagement with Stonepeak .”
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ConnectWise announces acquisition of SmileBack
ConnectWise , a software company dedicated to the success of IT solution providers , has announced it has acquired SmileBack , a customer experience solution provider . The acquisition will pair ConnectWise ’ s best-in-class IT solution provider software and services platform with the industry ’ s premier customer feedback system designed specifically for managed service providers ( MSPs ) from SmileBack .
“ With quantitative and qualitative customer insights , our IT solution provider partners can improve the efficiency of their operations , retain more customers , and go to market more effectively ,” said Chris Timms ,
EVP , Growth , ConnectWise . “ The immediate visibility into customers ’ perceptions is important for recognising what businesses are doing right and where improvement is needed . The acquisition of SmileBack is a logical and natural evolution of our existing relationship , and we look forward to bringing SmileBack into the ConnectWise Asio Platform to help our partners achieve greater levels of success in their business .”
Andrew Wallace , Managing Director , SmileBack , said : “ ConnectWise is the clear leader in our market and we are excited about expanding our collaboration . Our instant surveying , data analysis and reporting capabilities complement ConnectWise ’ s already robust platform and will help our shared partners further improve their business operations and increase client retention through better understanding of their customer relationships .”
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