This follows the $26.5 million in Venture Capital financing the company received in September, for a total of $115 million.
The Internet infrastructure and Web hosting firm said the new funds will be used to build and staff a national network of data centres in Montreal, Ottawa, Toronto, Calgary and Vancouver.
Funding for the round comes from a group of Canadian investors, including Scotia Merchant Capital, OMERS, TD Capital Canadian Private Equity Partners, J.L. Albright Venture Partners, Vengrowth Capital, e-Scotia Acquisition, Shaw Ventures and Working Ventures.
"Raising this amount of capital, despite very difficult market conditions, confirms our investors' belief in Q9's business plan and the ability of our team to execute that plan," CEO Osama Arafat said in a release.
Q9 will hire more than 100 additional staff, primarily in technical and sales disciplines, bringing its total complement to more than 160 full-time employees.
"Q9 has established itself as the premier offering in the outsourced Internet infrastructure management market, which made it a very attractive investment," said Jeff Hebel, a partner with Scotia Merchant Capital. "With the continued scarcity of IT talent and the clear economic benefits of outsourcing, we see a large and growing market in Canada which we believe Q9 is best positioned to capitalize on."
