Transaction Network Services Acquires BornTec's Managed Hosting and Colocation Business
April 18, 2023
Transaction Network Services (TNS) acquired BornTec's managed hosting and colocation business to expand TNS' global connectivity and low-latency trading infrastructure capabilities. BornTec said the divestiture lets it focus on its CrossCheck trading data analytics platform; the transaction closed on March 21, 2023.
- Buyers
- Transaction Network Services (TNS)
- Targets
- BornTec (managed hosting and colocation business)
- Sellers
- BornTec
- Industry
- IT Services
- Location
- Illinois, United States
- Transaction Type
- Divestiture
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