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365 Data Centers’ Acquisition of Atlantic Metro Doubles Customer & Revenue Base

365 Data Centers announced an acquisition that doubles the company’s size and revenue base. 365 acquired Atlantic Metro Communications, which provides tailored colocation, network and cloud services to large and mid-size enterprises. The acquisition adds to 365’s presence in the data-intensive northeast corridor by providing more connectivity options through an added network of data centers, network points-of-presence (PoPs) and cloud platforms.

Atlantic Metro Acquisition Delivers A Stronger Network

365’s acquisition of Atlantic Metro brings value for customers by offering more ways to connect in more areas. The acquisition:

  • Adds a data center facility in Herndon, Virginia, with partner operated colocation space and available power in northern Virginia and Los Angeles.
  • Delivers 65 additional network points-of-presence (PoPs) across the U.S. and international locations.
  • Contributes cloud platforms in New York, New Jersey, Virginia, Miami and Los Angeles.

365 is now positioned to serve customers at its 13 redundantly interconnected data centers and five additional partner operated facilities, and from 86 PoPs and seven cloud platform locations.

“This transaction is a milestone event for both companies,” says Bob DeSantis, Chief Executive Officer of 365 Data Centers. “365’s acquisition of a highly respected business with a track record of providing customers with high touch, hybrid infrastructure solutions is a tribute to Atlantic Metro’s management and employees, who will become part of the 365 team. For 365, this acquisition expands our geographic and infrastructure footprint, complements our existing IaaS offerings, and significantly increases our customer base, revenue, and cash flow – all of which greatly benefits our customers. 365 remains strategically disciplined with a focus on network-centric colocation assets and complementary network and virtual services in edge markets within the northeast quadrant of the United States, Tennessee and Florida.”

A Growing Network & Leadership Team

In addition to strengthening 365’s network, the acquisition also adds to the company’s leadership team. Atlantic Metro’s founders and key leaders, all industry veterans experienced at creating network solutions, will join the 365 executive team. Stephen Klenert has been named 365’s Senior Vice President, Customer Solutions & Implementation; James Cornman becomes 365’s Chief Technology Officer; and Steve Oakie joins 365 as Senior Vice President, Sales & Marketing.

The Atlantic Metro acquisition continues 365’s rapid growth trend. Over the last year, the company acquired colocation businesses and facilities in New Jersey and Long Island. Last month, 365 announced that Stonecourt Capital acquired a majority stake in the company and original investors Lumerity Capital and Longboat Advisors reinvested into the new partnership.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to Atlantic Metro.

Visit www.365datacenters.com to learn more.

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