CoreSite Buys Comfluent

April 20th, 2012 by · Leave a Comment

Data center REIT CoreSite (NYSE:COR, news, filings) hit the acquisition trail today and entered their eighth US market.  They have purchased Comfluent, a carrier-neutral, network-centric colocation provider located in Denver.  Comfluent provides colocation space and cross connects across 9,300 square feet at 910 15th and Pearl Plaza, including the Rocky Mountain Internet eXchange.

It's not a huge deal of course, checking in at just $3M plus earn-out payments over the next three years, and will contribute just $0.01-0.02 per share in funds from operations this year. But with a foothold in Denver, CoreSite probably has additional expansion projects in mind.

CoreSite also recently announced that Jarrett Appleby will be its COO next month, moving over from his CMO role at Equinix.  Appleby's tenure at Equinix was an aggressive one both organically and inorganically, and it's not a long bet to guess that he will be of similar mind with CoreSite.

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Categories: Datacenter · Mergers and Acquisitions

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