Center3

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Center3 - overview

Established

2020

Location

Riyadh, -, Saudi Arabia

Primary Industry

Telecoms

About

Based in Riyadh, Saudi Arabia, and founded in 2020 and led by CEO Fahad AlHajeri, Center3 is a provider of a network of data centers and submarine cable systems in various countries such as Europe, Asia, and Africa. In December 2023, Center3 agreed to acquire CMC Networks from Alterra Capital Partners. Center3 specializes in providing advanced communication platforms designed to manage collaboration among teams, as well as integrated management tools that facilitate project execution. The company’s products focus on remote work and global collaboration, targeting businesses that require infrastructure for communication and project management.


As of 2024, it serves various clients, including enterprises in technology, finance, and healthcare, and operates in a wide range of geographical markets such as North America, Europe, and Asia-Pacific. The firm’s solutions such as white space, colocation, hands and eyes, flexible space, subsea capacity, IP transit, terrestrial capacity, and many more are utilized by a wide range of end-users, including project managers, IT teams, and corporate executives.


Primary Industry

Telecoms

Sub Industries

Telecoms Towers & Infrastructure, Telecoms Providers & Services, Cable Service Providers

Website

www.center3.com

Total Amount Raised

Subscriber access only

Center3 - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedCMC Networks-

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