Welcome!

Big Data Journal Authors: Elizabeth White, Liz McMillan, Adrian Bridgwater, Kevin Benedict, Pat Romanski

News Feed Item

PTGi Sells BLACKIRON Data for CAD$200 Million to Canada's Rogers Communications

MCLEAN, VA -- (Marketwired) -- 04/17/13 -- Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI), a global facilities-based integrated provider of advanced telecommunications products and services, announced that it has sold BLACKIRON Data ULC (BLACKIRON Data), PTGI's pure data center operations in Canada, to Rogers Communications Inc. (Rogers) for approximately CAD$200 million. The transaction signed and closed on April 17, 2013.

BLACKIRON Data serves approximately 4,000 customers, reported 2012 revenues of US$34 million and owns and operates a total of eight data centers in five major cities in Canada: two data centers in Ottawa, Ontario, three data centers in the Toronto, Ontario area, one data center in London, Ontario, one data center in Edmonton, Alberta, and one data center in Vancouver, British Columbia, through which colocation, cloud computing, managed services, storage, backup, and other value added services are offered.

Peter D. Aquino, Executive Chairman, stated, "The sale of BLACKIRON Data to Rogers marks a successful monetization of one of our worldwide assets. Looking ahead, the Board will consider various options for deploying the net cash proceeds of this sale."

"Having separated our data center assets, rebranded BLACKIRON Data, and through our commitment to investing in fully certified Tier III capacity expansions and a second-generation cloud platform, we created a highly attractive portfolio across Canada," added Andrew Day, President and CEO of PTGi.

Terry Canning, Senior Vice President, Rogers Business Solutions, stated, "We are delighted to bring BLACKIRON Data into Rogers Business Solutions. BLACKIRON Data has an impressive national footprint of 8 data centers providing data center, cloud, managed and professional services to approximately 4,000 customers across Canada. This presence, along with its skilled and passionate team will ensure our collective sales teams are armed with the latest managed/hosted service offerings to meet the needs of current and prospective customers. We enthusiastically welcome BLACKIRON Data customers and employees to Rogers Communications."

The transaction was approved by the PTGi Board of Directors and the Special Committee of the Board of Directors.

About PTGi
PTGi (Primus Telecommunications Group, Incorporated) is a leading provider of advanced communication solutions, including traditional and IP voice, data, mobile services, broadband Internet, metro fiber and Carrier Ethernet to business and residential customers in Canada and the United States. PTGi is also one of the leading international wholesale service providers to fixed and mobile network operators worldwide. PTGi owns and operates its own global network of next-generation IP soft switches, media gateways, hosted IP/SIP platforms, broadband infrastructure, and fiber capacity in Canada. Founded in 1994, PTGi is headquartered in McLean, Virginia.

Cautionary Statement Regarding Forward Looking Statements
This press release contains or incorporates a number of "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on current expectations, and are not strictly historical statements. In some cases, you can identify forward-looking statements by terminology such as "if," "may," "should," "believe," "anticipate," "future," "forward," "potential," "estimate," "opportunity," "goal," "objective," "growth," "outcome," "could," "expect," "intend," "plan," "strategy," "provide," "commitment," "result," "seek," "pursue," "ongoing," "include" or in the negative of such terms or comparable terminology. These forward-looking statements inherently involve certain risks and uncertainties and are not guarantees of performance or results, or of the creation of shareholder value, although they are based on our current plans or assessments which we believe to be reasonable as of the date hereof. Factors or risks that could cause our actual results to differ materially from the results are more fully described in our annual report, quarterly reports or other filings with the Securities and Exchange Commission, which are available through our website at www.ptgi.com. Other unknown or unpredictable factors could also affect our business, financial condition and results. Although we believe that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that any of the estimated or projected results will be realized. You should not place undue reliance on these forward-looking statements, which apply only as of the date hereof. Subsequent events and developments may cause our views to change. While we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories from Big Data Journal
Predicted by Gartner to add $1.9 trillion to the global economy by 2020, the Internet of Everything (IoE) is based on the idea that devices, systems and services will connect in simple, transparent ways, enabling seamless interactions among devices across brands and sectors. As this vision unfolds, it is clear that no single company can accomplish the level of interoperability required to support the horizontal aspects of the IoE. The AllSeen Alliance, announced in December 2013, was formed wi...
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, B...
SYS-CON Events announced today that Connected Data, the creator of Transporter, the world’s first peer-to-peer private cloud storage device, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Connected Data is the creator of Transporter, the world’s first peer-to-peer private cloud storage device. Connected Data is focused on providing elegantly designed solutions for consumers, professi...
Goodness there is a lot of talk about cloud computing. This ‘talk and chatter’ is part of the problem, i.e., we look at it, we prod it and we might even test it out – but do we get down to practical implementation, deployment and (if you happen to be a fan of the term) actual cloud ‘rollout’ today? Cloud offers the promise of a new era they say – and a new style of IT at that. But this again is the problem and we know that cloud can only deliver on the promises it makes if it is part of a well...
Cisco on Wedesday announced its intent to acquire privately held Metacloud. Based in Pasadena, Calif., Metacloud deploys and operates private clouds for global organizations with a unique OpenStack-as-a-Service model that delivers and remotely operates production-ready private clouds in a customer's data center. Metacloud's OpenStack-based cloud platform will accelerate Cisco's strategy to build the world's largest global Intercloud, a network of clouds, together with key partners to address cu...
I write and study often on the subject of digital transformation - the digital transformation of industries, markets, products, business models, etc. In brief, digital transformation is about the impact that collected and analyzed data can have when used to enhance business processes and workflows. If Amazon knows your preferences for particular books and films based upon captured data, then they can apply analytics to predict related books and films that you may like. This improves sales. T...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the “Internet of Things” (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, will discuss the real...
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. The presentation will also discuss how IoT is perceived by investors and how venture capitalist access this space. Other topics to discuss are barriers to success, what is n...
When one expects instantaneous response from video generated on the internet, lots of invisible problems have to be overcome. In his session at 6th Big Data Expo®, Tom Paquin, EVP and Chief Technology Officer at OnLive, to discuss how to overcome these problems. A Silicon Valley veteran, Tom Paquin provides vision, expertise and leadership to the technology research and development effort at OnLive as EVP and Chief Technology Officer. With more than 20 years of management experience at lead...
BlueData aims to “democratize Big Data” with its launch of EPIC Enterprise, which it calls “the industry’s first Big Data software to enable enterprises to create a self-service cloud experience on premise.” This self-service private cloud allows enterprises to create 100-node Hadoop and Spark clusters in less than 10 minutes. The company is also offering a Community Edition via free download. We had a few questions for BlueData CEO Kumar Sreekanti about all this, and here's what he had to s...