Clearcable acquires Hamilton Technology Centre

A Hamilton-based telecommunications company has reached an agreement with the City of Hamilton to acquire the Hamilton Technology Centre (HTC).

Clearcable now owns the 40,000-square-foot fibre-optic facility that had been operated by the City’s Economic Development Department since 1993. The HTC is located on Innovation Drive in Dundas.

“This acquisition will help us realize our vision of a private technology innovation centre,” said Rob McCann, president and founder of Clearcable. “As a business operator with close ties to Hamilton, both personally and professionally, I look forward to an opportunity to invest in Hamilton’s success.”

Clearcable was founded in 2004 in Hamilton and is a specialized telecommunication technical consulting firm focused on the needs of broadband service providers and rural municipalities.

“Clearcable will adopt the original vision of HTC by applying their own expertise contacts within this industry, and continue to foster the development of emerging technology companies such as theirs,” said Mayor Fred Eisenberger. “We see Clearcable as a business and community leader in supporting Hamilton’s technology sector.”

The financial terms of the deal have not been released.