Following a series of quiet acquisitions, a new colocation and interconnection company has formally opened its doors. Cologix, headed by Level 3 alumni Grant van Rooyan, starts off in life with 9 Meet-Me facilities in the markets of Dallas, Vancouver, Toronto, and Montreal, as well as 400+ customers.
It's a nice time to be entering the colocation business if one takes TeleGeography's report today to heart. With vacancy rates down in top markets, Cologix will have an easier time gaining a foothold and establishing its brand. Their interconnection business features 200+ carriers to choose from, one wonders if they have any interest in the Ethernet Exchange business or some variant in the future, a la Telx.
The acquisitions that got them this far include the Navisite datacenter in the Dallas Infomart last winter, Montreal's Canix Colo, Toronto's Standard Connections, and Telehouse Centre Canada in Toronto and Vancouver. They've also been expanding on those assets, leasing another 10,000 square feet in Dallas and doubling their Vancouver footprint, for instance. No doubt we will be hearing more from them going forward, both on the organic and inorganic fronts.
The company is backed by a private equity group led by Columbia Capital, Greenspring Associates, and vR Equity Partners.