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Acquires zColo in Historic Data Center Deal

DataBank Acquires zColo in Historic Data Center Deal

Highlighting its already-successful growth trajectory, DataBank, catapulted itself into being one of the largest privately held data center operators in the U.S. In a deal announced this morning, DataBank signed definitive agreements to acquire the zColo data center assets from Zayo Group. This deal establishes DataBank as a national edge data center provider serving 29 key markets via 64 data centers and more than one million square feet of colocation space.

THE NEW DATABANK EDGE

The transaction will add 44 data centers and 13 key interconnect locations across 23 markets in the U.S. and Europe to the DataBank portfolio. This positions DataBank as a leading provider of edge colocation and connectivity solutions to hyperscale, technology and content customers across the U.S. 

The combined customer base will benefit from DataBank’s proven customer-focused service framework and operations, which will expand dramatically to include the following:

  • 64 data centers in 29 markets (up from 20 data centers and 9 markets)
  • Over 3,000 customers including many Fortune 100 and leading cloud and content providers
  • Pro forma annual revenue of over $450M 
  • 1.1M raised square feet of data center space 
  • 141 MW of installed UPS capacity 
  • Over 30,000 network cross connects 
  • 18 major network interconnection points 
  • 12 cloud nodes 

MORE OPTIONS

DataBank’s customers will also have new cloud and geographic options for colocating their mission-critical content, data and workloads closer to end-user populations in key markets like Los Angeles, Denver, Chicago, Miami, Boston,New York City and others.  

“Simply put, this highly complementary acquisition will allow us to serve customers better. The strategic rationale is fully aligned with our core ‘Data Center Evolved’ strategy built around providing customers broad geographic reach as they move their content and applications closer to the edge. We look forward to integrating zColo into our portfolio while elevating our existing level of service to meet the increasingly diverse workloads of our enterprise customers.”  – Raul K. Martynek, CEO of DataBank

Exciting times for all! This deal will allow each organization to focus on their core strengths. The transaction is anticipated to close by year-end 2020.

You can read the full announcement HERE. Please also follow DataBank’s news and developments on LinkedIn and Twitter.

 

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