Data Center M&A: QTS Buys Herakles

January 3rd, 2013 by · Leave a Comment

The steady drumbeat of expansion in the colocation space has had both an organic and inorganic component.  We start off the new year with a bit of the latter, as QTS is expanding its presence into Sacramento with the purchase of Herakles.

heraklesThe deal gives QTS a 92,000 square foot Tier III data center with 9.0MW of power on tap in the Californian capital. It’s just 120 miles from their Santa Clara facility, but on the safer side of the state when it comes to earthquakes and such.

Financial details were not revealed, but The Bank Street Group advised Herakles on the transaction.  Herakles was apparently named for the Greek divine hero, perhaps because  cloud computing is the only real way he could have cleaned out the Augean stables in a single day.  Ok, maybe not, but it might have helped!

More on this topic (What's this?)
Northam loses R46.2m in Zondereinde strike
Friday New Highs
Read more on Mergers and acquisitions (M&A), Cosmopol Intl HLDGS at Wikinvest
Categories: Datacenter · Mergers and Acquisitions

Discuss this Post


Leave a Comment

You may Log In to post a comment, or fill in the form to post anonymously.





  • Ramblings’ Jobs

    Post a Job - Just $99/30days
    Jobs by Simply Hired
  • Event Calendar