Telus signs $21-million agreement

Telus has signed a $21-million agreement to acquire Mississauga, Ont.-based information technology infrastructure solutions provider,

Arqana Technologies.

Arqana has a number of blue chip clients in the financial, manufacturing

and utilities sectors including, ATI Technologies, Bank of Montreal, Bank of

Nova Scotia, Charles Schwab, Dofasco, Hydro One, Manulife Financial, Research

in Motion (RIM) and Royal Bank.

Darren Entwistle, Telus president and CEO said Arqana advances Telus’ data networking integration capabilities in Central

Canada and provides them with key clients and employees. Arqana is an excellent strategic fit with Telus’ data and Internet

Protocol strategy, said Entwistle.

The purchase price is up to $21 million, with $12 million payable in cash

on closing and the remainder payable in cash or Telus non-voting shares

subject to Arqana meeting certain targets. The deal is expected to close next

month subject to regulatory approval.

Established in 1988, Arqana’s 85 employees are located in offices in

Mississauga, Waterloo and London. The company provides consultation and

deployment of local and wide-area networks, enterprise servers, storage

devices and information security and management tools.

Arqana is a provider of IT infrastructure

solutions for optimizing business critical applications. Arqana enables its

customers to deal effectively with change by aligning their IT infrastructure

with the business goals and application demands of the organization. Arqana

has strategic supplier relationships with leading technology vendors including

Cisco Systems, EMC, Hewlett Packard, Oracle and Sun Microsystems. For more

information about Arqana visit

Arqana can be reached at Telus, in Burnaby B.C., is at