Transaction Network Services (TNS) has acquired BornTec’s managed hosting and colocation business. The acquisition will expand TNS’ global connectivity footprint and mission-critical connectivity for its diverse customer portfolio.
Facts
- TNS has acquired BornTec’s managed hosting and colocation business.
- The acquisition expands TNS’ global connectivity footprint and mission-critical connectivity for its diverse customer portfolio.
- BornTec divested its managed hosting and colocation business to sharpen its focus on its CrossCheck trading data analytics platform.
- TNS’ acquisition fits seamlessly into its managed hosting strategy that it embarked on five years ago.
- BornTec’s managed hosting customers will receive uninterrupted service and will have the opportunity to upgrade to TNS’ Layer 1 connectivity with ultra-low 5-85 nanosecond latency.
- BornTec vetted several acquirer candidates and found TNS to be a partner that shares its customer-centric values.
- The transaction closed on March 21, 2023.
