Investment Marks Expansion of Footprint on Heels of zColo Acquisition Announcement, Bringing Customer Workloads to the “Far Edge”
With the mushrooming demand for 5G and the expansion of Internet infrastructure, the need for geographic specific solutions has never been greater. As a result, DataBank today announced that it has made a $30M strategic investment in EdgePresence, an owner and operator of multi-tenant, modular data centers, providing space, power, bandwidth, and interconnection across key U.S. markets.
These colocation solutions allow data centers to take customer workloads to the “far edge” to further reduce latency and improve performance for select applications. The far edge sites typically exist at the base of cell towers and at key real estate and enterprise campus locations. EdgePresence’s Edge Data Centers (EDCs) are modular, purpose-built data centers, comprehensively and compactly designed to include critical power, monitoring, physical security and cooling.
This modular capability complements and expands DataBank’s edge strategy and comes just weeks after the company announced a tripling of its footprint with the acquisition of Zayo Group’s zColo data centers. EdgePresence’s modular installations will allow DataBank to deploy these targeted solutions for specific applications and use cases where traditional data center options are not optimal.
The combination of DataBank’s expanded footprint with zColo facilities and EdgePresence modular solutions will enable DataBank to offer customers almost unlimited geographic flexibility for its infrastructure.
The announcement is yet another example of the convergence of digital infrastructure and the ecosystem benefits of DataBank’s lead investor Digital Colony. In addition, EdgePresence has partnered with fellow Digital Colony portfolio company Vertical Bridge, the largest private owner and operator of communications infrastructure and locations in the United States. For that purpose, EdgePresence has deployed at more than a dozen Vertical Bridge cell towers.