Here's a move that was bound to happen as the cable industry went from TV- to broadband-centric and started greedily eyeing a new breed of business customers. Canadian MSO Cogeco Cable has acquired Toronto-based outsourced managed IT and infrastructure service provider Quiettouch.
The acquisition is "in line with our strategy of developing the business market (and) also demonstrates our willingness to seize upon external growth opportunities in our Canadian footprint when they arise," Louis Audet, Cogeco's president-CEO said in a news release.
The acquisition brings a company that handles a multitude of IT functions for commercial customers. Thus, as Cogeco approaches these customers, it will have the support system in place to handle their ongoing needs, Audet said.
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