Q9 makes a graceful (and profitable) exit
Toronto-based Q9 networks has bucked the doom and gloom of the current economic climate and is the latest acquisition of Boston's ABRY Partners. Q9 supplies outsourced data center infrastructure to firms that require mission-critical IT operations, such as managed bandwidth, data center space and complete management packages. ABRY, a private equity firm with over history of over $21 billion in leveraged transactions since 1989, is buying Q9's common shares (at a price of $17.05 a share). As a result, Q9's stock will no longer appear on the TSX, which will likely please many of the newly-enriched shareholders in a market with precious few moments of good news from the stock market. And Q9 looks to have run a pretty tight ship... if nothing else, they certainly saved money on their website design.
