Friday Bytes: CoreSite, Fatbeam, Rackspace

August 12th, 2016 by · Leave a Comment

I'm on the road again, and will be on and off for much of August.  Here's a quick look at some other news from this week that is worth a quick look:

CoreSite has plans to expand its footprint in a big way in, where else, Northern Virginia. They have agreed to add another 21.75 acres to their footprint in Reston via the purchase of the Sunrise Technology Park. There are already four buildings there spanning 315,000 square feet, but CoreSite foresees as many as 660,000 square feet of data center space on the site when fully built out. The purchase itself will cost them $60M, with another $90M planned for the first phase and up to $400-500M when all is said and done.

Up in the Pacific Northwest, Fatbeam says it has won 11 new E-Rate contracts across the four states of Washington, Oregon, Idaho, and Montana. The buildouts will add up to over 200 route miles of new metro fiber network. In Sandpoint, Idaho, for example, they will be building 49 route miles of fiber to connect up 13 facilities with gigabit connections. As always, they'll be using those E-Rate contracts to enter smaller markets, moving on to use those assets to serve enterprises and other customers.

And it turns out that Rackspace did make a move this week, selling off a piece of themselves rather than the whole thing which was the earlier rumor. Rackspace sold its Cloud Sites business to Liquid Web, a fellow web hosting and cloud player. That's their platform-as-a-service division that focused on providing all-in-one service to enterprises based on Rackspace's cloud infrastructure more generally. No financial terms were disclosed, but the deal will boost Liquid Web to 550 employees and 30,000 customers.

Categories: Cloud Computing · Datacenter · Mergers and Acquisitions · Metro fiber

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