Thursday, December 12, 2024

TNS acquires BornTec managed hosting and colocation business

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.

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