Hawaiian Telcom completes purchase of data center for $16M
COURTESY NASDAQ
<b>CLOSING THE DAY:</b> Hawaiian Telcom officials and employees participated Friday in the ceremonial ringing of the Nasdaq closing bell. Front row: Hawaiian Telcom board member Bernard Phillips
<b>CLOSING THE DAY:</b> Hawaiian Telcom officials and employees participated Friday in the ceremonial ringing of the Nasdaq closing bell. Front row: Hawaiian Telcom board member Bernard Phillips
Hawaiian Telcom today completed its acquisition of SystemMetrics Corp., a local data center, for $16 million.
SystemMetrics, which generates annual revenue of approximately $8 million, founded in 2011 and provides data center services to more than 400 small and medium-size businesses.
“We are really excited to close this transaction and take and important step in meeting our goal to be the preeminent data center services provider in the state of Hawaii,” said Eric Yeaman, Hawaiian Telcom’s president and chief executive officer.
SystemMetrics has 6,500 square feet of data center capacity, with room for expansion. The company becomes a wholly-owned subsidiary of Hawaiian Telcom.
