Carbon60 Expands to Eastern Canada with Acquisition of Cirrus9

December 17, 2019

Carbon60 Expands to Eastern Canada with Acquisition of Cirrus9

TORONTO — Carbon60, a leading pure-play managed cloud service provider, today announced that it has acquired Cirrus9, a leading managed cloud and hosting solutions provider based in Saint John, New Brunswick. This addition will provide Carbon60, backed by private equity sponsor M/C Partners, with an Atlantic coast presence creating a truly national footprint to provide managed public cloud, private cloud, managed hosting and security services to Canadian organizations.

Cirrus9 has an impressive track record of delivering complex managed IT solutions to a customer base extending from eastern Canada to British Columbia. Over the nine years since the company’s founding in 2010, Cirrus9 has built a reputation for technical excellence, personalized service and high-quality customer support.

“Cirrus9 is a valuable addition to the Carbon60 organization with a team of skilled technical personnel and an impressive list of major enterprise clients across Canada,” said John Witte, Carbon60 CEO. “Cirrus9 is a natural fit with Carbon60’s strategy to lead businesses across Canada in their IT cloud transformations combined with a culture of delivering superior client experiences.”

“The Cirrus9 team is excited to be joining Carbon60,” said Fred Bullock, CEO. “Carbon60 shares our belief in delivering high-quality client experience as a way to differentiate in the fragmented managed services market. As the market continues to evolve, clients are increasingly looking for a trusted partner to support their businesses across multiple cloud platforms. Cirrus9’s clients will be able to leverage Carbon60’s managed AWS and Azure cloud design, migration and management expertise for secure and compliant cloud-native and hybrid cloud transformation.”

As part of this transaction, Bullock will join Carbon60’s management team and serve as Senior Vice President of Business Solutions.

RBC acted as the exclusive adviser for the transaction on behalf of Cirrus9. Dentons served as the legal counsel for Carbon60 and McInnes Cooper and Pierce Law served as the legal advisers for Cirrus9.

About Carbon60

Carbon60 specializes in delivering secure managed cloud solutions for public and private sector organizations with business-critical workloads. Carbon60 provides secure and high-performance hosting services using its cloud platform in Toronto, Vancouver, Kelowna, New York, and London and using the leading hyperscale clouds for hybrid IT solutions. Carbon60 guides customers on their cloud journey and can engage with clients at any stage of their transition. Carbon60 provides a white-glove customer experience with a deep level of technical support services combined with a nimble approach making them the trusted choice for companies that need a partner to deliver solutions with exceptional reliability, performance and security. For more information, visit www.carbon60.com and LinkedIn.

About Cirrus9

Founded in 2010, Cirrus9 is a Canadian service provider headquartered in Saint John, New Brunswick operating multiple data centres, managed enterprise cloud infrastructure and related hosting services and support. The company offers highly available, carrier-neutral data centres, Canadian data residency, data security compliance, managed cloud, telephony and regional fibre connectivity. The company serves both public and private sector clients in many industries including automotive, energy, financial services, healthcare and telecom.

About M/C Partners

Based in Boston, M/C Partners is a private equity firm focused exclusively on the communications, information technology services and media sectors. The firm has invested over $2.2 billion of capital into nearly 100 companies, generally investing in companies with enterprise values of $25 million to $250 million. Related current and prior investments include Cavalier Telephone, Ensono, Everstream, Fusepoint, Denovo, ICG Communications, Involta, Lightower, NuVox, Thrive Networks and Zayo Group. The firm has strong institutional backing from the nation’s leading pension funds and endowments as well as a long track record of success. For more information, visit www.mcpartners.com.

Contacts
Bik Dutta | Carbon60 | VP, Marketing | 416-272-2554 | bik.dutta@carbon60.com

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Zack Halpryn

Zack Halpryn is an Associate at M|C Partners, where he focuses on investment opportunities in the digital infrastructure and technology services sectors. Prior to joining MC, Zack worked at HarbourVest Partners, where he was focused on buyout and growth equity investments. Previously he worked at Performance Equity Management and Credit Suisse. Zack received a B.B.A in Finance (summa cum laude) from the Isenberg School of Management at UMass Amherst. He currently lives in Boston’s West End and in his spare time enjoys playing sports (volleyball, basketball, golf), reading and watching the Celtics.

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celito

Established in 1999 and based in Raleigh, is a trusted, local communications and managed services provider to businesses leveraging its fully owned fiber network. celito creates technology solutions for businesses across all sectors both large and small. From supplying high-speed Internet service, to providing quality VoIP telecom service, to setting up your office network, they offer turnkey solutions from the desktop to the cloud

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Jason P. Stutman

Jason Stutman is a Senior Fund Accountant at M/C Partners, responsible for the cash management of co-investment vehicles, preparing quarterly financial statements, and communication with Limited Partners. Prior to joining the firm in 2023, Jason worked in the Portfolio Analytics Group at HarbourVest Partners. He earned a BSBA with honors in Finance with a minor in Computer Information Science from The Ohio State University. Jason lives in South Boston and enjoys cheering on Boston sports teams, playing hockey and golf and traveling.

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Cuba Burch Berner

Cuba Burch Berner is an Associate at M|C Partners, where he focuses on investment opportunities in digital infrastructure and technology services. Prior to joining the firm in 2022, Cuba was an Equity Research Associate at Citi covering infrastructure companies within the telecommunications industry, including data centers and wireless towers. He holds a B.S. in Mathematics with a specialization in Economics from the University of Chicago. Cuba currently lives in Boston’s West End and enjoys a myriad of outdoor activities including running, swimming, hiking, and skiing.

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AccentHealth operates an out-of-home advertising network that reaches over 12,000 physician office waiting areas in the U.S. – JOHN WATKINS

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James F. Wade

Jim Wade co-founded M/C Partners in 1986 with Dave Croll. He has been investing in communications and technology services since the advent of wireless and broadband, cornerstones of the firm’s sector focus. As Chairman, he manages the firm’s investment process, and continuously seeks out management teams, company prospects and financial resources to grow the portfolio. Jim’s successful track record includes MetroPCS (IPO), Lightower Holdings (acquired by Berkshire Partners), Cavalier Telephone (acquired by PAETEC), NuVox Communications (acquired by WindStream), Attenda (acquired by Darwin Private Equity), Melita (acquired by Apax Partners), PR Wireless (joint venture with Sprint affiliate in Puerto Rico), Thrive Networks (acquired/recapitalized by Court Square) and Involta (acquired by Carlyle Group). Today he serves as a director on the Board of Connectivity Wireless and has responsibility for Omega Wireless. Jim graduated from the University of Notre Dame a B.B.A in Finance and received an MBA from Harvard Business School. He lives outside Boston with his wife and four children. Jim was an avid boater and is now an average golfer.

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1986

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Abhishek Rampuria

Abhishek (A.B.) is a Partner at M/C Partners, where he leads origination, deal diligence and portfolio company support for investments in a variety of communications and technology services segments. He currently serves on the Board of Ascend Technologies, Connectivity Wireless, Edafio Technology Partners, TowerCom and serves as a Board Observer for Thrive Networks. A.B. previously served as a Board Observer for Ensono (acquired by KKR) and QOS Networks (acquired by Zayo). Prior to joining M/C Partners in 2015, A.B. worked at Altman Solon (formerly Altman Vilandrie), a technology, media & telecommunications focused strategy consulting firm, where he completed projects for both operating companies and private equity investors. A.B. received a B.S. in Materials Science & Engineering from the Massachusetts Institute of Technology. He lives in Boston’s South End and outside of work, enjoys skiing, cycling, traveling and cheering on his home-town Patriots and Celtics.

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