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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