Ever since Sidera Networks emerged from ABRY Partner's acquisition of RCN, it seemed likely that further moves were in the offing. Today, Sidera unveiled another piece of the plan, announcing that it has acquired Cross Connect Solutions. Cross Connect Solutions offers carrier neutral colocation in Philadelphia via a 28,000 square foot facility at 401 North Broad Street, a site that is already on-net for Sidera.
The deal boosts Sidera's colocation footprint in Philadelphia, and adds to its current 100K square feet of space. The city is one of Sidera's core markets, but less so than the big four of New York, Boston, Chicago and Washington DC where the company is strongest. A deeper presence in Philly does make quite a bit of sense, and according to their map this was the largest market in which they did not have a colo facility paired with their metro fiber.
What the deal does not do though is add to the company's fiber holdings, which is where I have expected them to seek further inorganic expansion. They still might of course. As for this deal, terms were not disclosed so we don't know how much it cost them. But it's not so large as to prevent them from further purchases, assuming ABRY's wallet continues to stand ready.