Hundreds of Calgary-based employees at CoolIT Systems are set to receive substantial cash payouts following the company’s USD $4.75 billion acquisition by Ecolab, marking one of the most significant employee liquidity events in the city’s tech sector. Under a broad-based ownership program introduced when private equity firm KKR acquired CoolIT in 2023, all 650 employees […]
CoolIT Systems
Calgary’s CoolIT Exits for USD $4.75B in AI Boom
A Calgary-founded company that spent more than two decades building quietly in the background of high-performance computing has emerged as one of the city’s biggest tech success stories. CoolIT Systems, a leader in liquid cooling for data centres, is being acquired by U.S.-based Ecolab for approximately USD $4.75 billion—underscoring how critical thermal management has become […]
Calgary’s Data Centre Moment Arrives
Calgary’s role in the global data centre boom is accelerating—and it’s being powered by something the city already understands better than most: energy. At this week’s Tech Thursday panel on The Tech Behind Data Centres, industry leaders including Joe Gentile of eStruxture Data Centers, Tom Farran of Longbow Capital, and Ben Sutton of CoolIT Systems […]
CoolIT Systems Scales Liquid Cooling For AI Era
Calgary’s CoolIT Systems says it has increased global production capacity across its product lines at triple-digit rates over the past two years as global demand for artificial-intelligence infrastructure accelerates the shift toward liquid-cooled data centres. The 25-year-old company, a pioneer in direct liquid cooling (DLC) for high-density computing, increased output of coolant distribution units (CDUs) and […]
CoolIT’s Patrick McGinn on Alberta’s Data Centre Boom
As global demand for data centre capacity and sustainable technology solutions continues to surge, Alberta is emerging as a significant player in the high-tech space. At the forefront of this evolution is Calgary-based CoolIT Systems, a world leader in liquid cooling technology for data centres. In this interview, we speak with Patrick McGinn, Chief Operating […]
MRU Honors Scaling Success: Goodlawyer, Kathairos, and ZayZoon Win at ScaleUP Awards 2024
As part of the inaugural ScaleUP Week 2024, Mount Royal University announced the winners of the first ScaleUP Awards in celebration of outstanding achievements in scaling companies across Western Canada. Powered by Growth Compass, the awards highlight exceptional companies and entrepreneurs who have demonstrated significant growth and innovation in their fields. “ScaleUP Week is dedicated to propelling entrepreneurs and […]
CoolIT, Jobber, Neo, and WaitWell Honored at 2023 Start Alberta Tech Awards
The 6th annual Start Alberta Tech Awards took place in Edmonton on October 11th. The awards recognize 12 individuals and organizations for their success and contributions to Alberta’s innovation ecosystem, and for making a significant impact in the province’s tech sector. Calgary’s WaitWell was recognized as the A100 One to Watch. This award recognizes one […]
Calgary’s CoolIT Systems Acquired by KKR for $365 Million
Calgary’s CoolIT Systems has been acquired by global investment firm KKR for a reported $365 million. The investment will support CoolIT’s ability to scale and serve its global customers across the data center market, including the enterprise, high-performance computing, and cloud service provider segments as well as in desktop computing. Founded in 2001, CoolIT designs, […]
Cooling Data Centres with Liquid Spurs Major Growth for Calgary Company
Founded in 2001, CoolIT Systems is still seeing rising success more than two decades later. The Calgary-based leader in advanced cooling solutions for data centres recently reported record revenue and profitability growth. “2022 was a year of major achievements for CoolIT Systems and we are excited to continue our leadership as the innovation beacon, authority […]
6 Alberta Tech Companies Named Deloitte Technology Fast 50 Winners
Deloitte Canada has announced this year’s winners of the Technology Fast 50, Companies-to-Watch, and Enterprise Fast 15 awards, recognizing the world-class achievements of the best in tech companies across Canada for the 25th year. The program reaches a milestone this year, celebrating 25 years of recognizing Canadian technology companies’ achievements, outstanding innovation, leadership, and growth. […]