Let's start off the week by finishing off last week, with a look five news items from the data center sector: more money for IO and QTS, and customer wins at CoreSite, Cologix, and 365Main.
IO raised $260M in financing via a new credit facility that saw their current bank group duo bring in seven new faces. The modular/software datacenter specialist plans to use its larger war chest to do pretty much what it has been doing, which is a bit different from the construct-lots-of-datacenter-properties approach that is so prevalent these days. IO's focus is more on dominating the unified hardware/software technology front with a flexible geographical result - as demonstrated by the LexisNexis project out in Ohio this Spring.
QTS has apparently added $135M to its own credit facility, bringing it up to $575M. The additional funds will go toward continued expansion in Atlanta, Richmond, and Santa Clara and toward further developing their most recent purchases in Sacramento and Dallas. I'll bet they'll also be looking for additional properties too.
In New York City, 365Main saw one of its Washington DC customers expand northward into its recently expanded New York City facility. InfoRelay offers managed services to the enterprise sector, and needs a presence in Manhattan for closer proximity to customers. 365Main immediately re-emerged as a player in the data center space when it bought 16 of Equinix's non-core facilities last year.
Rogers Business Solutions extended its network into Cologix's new downtown Toronto facility at 905 King Street West last week. The new PoP has easy connectivity to the main Toronton hub at 151 Front, and will help them better serve Toronto enterprises. Cologix has been busy with organic growth since buying its way into Minneapolis last year, but seems due for a new market someplace soon.
And finally, CoreSite is helping Chunghwa Telecom to expand its US network presence. CHT Global, the US subsidiary of Taiwan's largest network operator, is establishing nodes at both One Wilshire in Los Angeles and Reston, Virginia. That will give it a physical bi-coastal presence.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Datacenter