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Root Data Center secures $90 million

Montreal-based colocation company Root has raised $90 million from Goldman Sachs.

Root currently operates two data centers in greater Montreal. The facilities are Tier 3, carrier neutral and designed to achieve an energy-efficient PUE of 1.17 according to the company website.

[Image courtesy: Root Data Center]

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Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.