A month after closing a $6.2 Million Financing round, Calgary’s CoolIT Systems is putting some of that money to good use.
Today, CoolIT announced the acquisition of the assets of Delphi Thermal Liquid Cooling including intellectual property, machinery, and equipment. The Delphi acquisition will provide CoolIT the additional mass market production resources to better accommodate the rapidly growing global industry demand for liquid cooled computers.
As part of the purchase, CoolIT Systems inherits a couple industry giants as customers and will immediately start servicing Dell and Apple. With the acquisition, CoolIT reaffirms its position as the global leader in advanced liquid cooling for computers.
Since hitting the market in 2006, CoolIT has developed an expertise in high performance liquid cooling solutions and delivered to both the retail and OEM PC cooling markets. CoolIT recently shook up the PC industry with an extremely successful launch of Domino ALC delivering a powerful, maintenance free, liquid cooling solution for under $80 to the retail market.
March’s CDN $6.2 Million financing package was led by iNovia Capital and existing angel investors and AVAC Ltd.