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Sunday, Sep 25, 2022
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RedIT Agrees to Be Acquired

RedIT, a San Diego business offering Internet connectivity and data center services on both sides of the U.S.-Mexico border, said that it has agreed to be acquired by Mexico-based KIO Networks for undisclosed terms.

According to a statement issued by redIT on June 17, KIO Networks plans to add redIT’s metropolitan fiber optic networks and six technology campuses to its infrastructure, expanding to a total of 12 technology campuses with 28 data centers. The redIT workforce, which exceeds 500 employees, will be integrated with KIO Networks, resulting in a total workforce of more than 2,000 people.

Regulators still need to approve the acquisition.

RedIT also offers managed cloud computing services.

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