Telus has signed a $21-million agreement to acquire Mississauga, Ont.-based information technology infrastructure solutions provider,
Arqana Technologies.
Arqana has a number of blue chip clients in the financial, manufacturing
and utilities sectors including, ATI Technologies, Bank of Montreal, Bank of
Nova Scotia, Charles Schwab, Dofasco, Hydro One, Manulife Financial, Research
in Motion (RIM) and Royal Bank.
Darren Entwistle, Telus president and CEO said Arqana advances Telus’ data networking integration capabilities in Central
Canada and provides them with key clients and employees. Arqana is an excellent strategic fit with Telus’ data and Internet
Protocol strategy, said Entwistle.
The purchase price is up to $21 million, with $12 million payable in cash
on closing and the remainder payable in cash or Telus non-voting shares
subject to Arqana meeting certain targets. The deal is expected to close next
month subject to regulatory approval.
Established in 1988, Arqana’s 85 employees are located in offices in
Mississauga, Waterloo and London. The company provides consultation and
deployment of local and wide-area networks, enterprise servers, storage
devices and information security and management tools.
Arqana is a provider of IT infrastructure
solutions for optimizing business critical applications. Arqana enables its
customers to deal effectively with change by aligning their IT infrastructure
with the business goals and application demands of the organization. Arqana
has strategic supplier relationships with leading technology vendors including
Cisco Systems, EMC, Hewlett Packard, Oracle and Sun Microsystems. For more
information about Arqana visit
Arqana can be reached at http://www.arqana.com. Telus, in Burnaby B.C., is at http://www.telus.com.