Clearcable Moves Forward with the Acquisition of the Hamilton Technology Centre
September 6, 2017
HAMILTON, Sept. 6, 2017 – Clearcable announced today it has reached an agreement with the City of Hamilton to acquire the Hamilton Technology Centre.
Clearcable, a Hamilton-based telecommunications company is now the proud owner of the 40,000-square-foot-fibre-optic facility that had been operated by the city of Hamilton’s Economic Development Department since 1993.
“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 on the principles of integrity, reliability and innovation. The company is a specialized telecommunication technical consulting firm focused on the needs of broadband service providers and rural municipalities. Clearcable has invested heavily in helping clients adopt new technology quickly through research and development, building technical acumen, and employing an in-house team.
“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.”
Steel Image President Shane Turcott agrees with the mayor and is excited to work with Clearcable. Steel Image, a metallurgical engineering company, is the second largest tenant at HTC with five employees. Turcott has been a tenant at the Hamilton facility for the past eight years and credits the city with helping him start his business.
“The Hamilton Technology Centre helped me learn how to manage my business, but this is a huge opportunity to work with an experienced entrepreneur like Rob,” said Turcott, who founded his company in 2009. “I am very interested in the concept of having a private technology centre. That will mean more research, development, and commercialization. I want to be a part of that.”
Ward 15 Councillor, Judi Partridge was pleased with the Clearcable acquisition as it will ensure the incubator concept to support new businesses in Flamborough will continue.
“This is an exceptional example of the way we leverage the private sector to support entrepreneurship,” she said. “Our business community is the backbone of our city and we strive to support it through many different channels.”
Clearcable plans to make changes to accommodate a portion of space for co-working (where sole proprietor entrepreneurs can get a start), accelerator space (where production scaling businesses can interwork) and finally a few scale operations space for mature companies.
“The overall process is expected to take five years to execute, and will represent a tremendous investment on our part,” said McCann, who was named the Canadian Independent Telephone Association’s 2016 Supplier of the Year.
Clearcable’s objectives include:
- Revitalize and refresh the technology centre’s incubator function by providing investment and leadership.
- Develop the facility into a private, flexible incubator and co-working space.
- Appoint an advisory board, which would include key participants from local industry and academia.
- Strive to connect, integrate and align with other community initiatives such as McMaster Innovation Park, Innovation Factory and Hamilton Hive.
- Secure a permanent home for Clearcable staff, including space for a datacentre, technologists, and software developers.