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!

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Categories: Datacenter · Mergers and Acquisitions

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