CentriLogic, a Mississauaga-based global provider of cloud, managed hosting, co-location and advanced IT outsourcing solutions, has acquired Adveniat Corporation, a U.S. Virgin Islands (USVI) data center operator and hosting services provider. Adveniat’s data centre has the largest single concentration of unused Internet bandwidth in the world, according to a release.
The deal is CentriLogic’s third acquisition in the past 18 months. CentriLogic has nine data centers in seven markets throughout Canada, United States, United Kingdom, Hong Kong, and now the U.S. Virgin Islands.
The webhosting company was founded in 2001, and will bring to the USVI substantial experience in enterprise-class hosting and infrastructure services for e-commerce and payment processing activities worldwide.
“By acquiring Adveniat we have established CentriLogic as the RTPark’s premier independent gateway and hosting provider, and we are now the first carrier-neutral managed hosting provider in the USVI” said CEO Robert Offley. “With a state-of-the-art data center and fiber connectivity in the USVI, we can now directly support customers who are looking for both reliable managed hosting solutions and significant income tax savings. We are also motivated to help fulfill the RTPark’s goal of attracting competitive and innovative e-commerce business to the region and helping develop the economies of its USVI Territories.”
A release said that the USVI is an increasingly-attractive hosting destination for e-commerce companies because it offers up to a 90 percent reduction in income tax liability on qualifying revenues harmonized to U.S. Treasury Department regulations. The area is also a critical telecommunications hub connecting South America, Central America, and the Caribbean to North America and Europe.
Adveniat Corporation operates a Tier 1, N+2, data center in the USVI, which has the largest single concentration of unused Internet bandwidth in the world. With this acquisition, CentriLogic customers will be able to leverage to company’s hosting solutions from the USVI data center, while also having the opportunity through RTPark to qualify for income tax reductions on revenues generated from e-commerce and digital media activities in the USVI.
“This is a great opportunity for our current and prospective customers to work with a world-class organization to support their growing demands,” said Adveniat Corporation’s COO Corey Blanton. “We are very proud of what Adveniat has done for the technology sector in the US Virgin Islands and we are looking forward to its future growth with CentriLogic.”