Ontario Teachers-backed TierPoint completes acquisition of Xand
TierPoint LLC has completed its previously announced purchase of Xand, a portfolio company of U.S. private equity firm ABRY Partners. The acquisition, the value of which was not disclosed, was backed by Teachers’ Private Capital, the private equity arm of the Ontario Teachers’ Pension Plan, and other investors. Based in St. Louis, Missouri, TierPoint is a provider of cloud, colocation and managed services. It said the acquisition of Xand significantly expands its data centre capacity.
4 December 2014•3 mins read
