Colo M&A: 365 Data Centers Buys

September 28th, 2017 by · Leave a Comment

Yesterday there was a bit of consolidation in the data center marketplace.  365 Data Centers has announced the acquisition of hybrid data center services provider operated two data centers down in the cities of Boca Raton and Fort Lauderdale in the state of Florida.  Combined they span 62K square feet of floor space, 8K square feet of business continuity space, and 4.5MW of power.   Meanwhile, on the network side of the fence the company also has 330 miles of fiber, which hooks them up to the NAP of Americas down in Miami, and a national IP transit network.  The company had lately been broadening its suite of managed services for the enterprise space.  We had’s Lenny Chesal here last summer for an Industry Spotlight.

365 Data Centers had already been in Tampa on Florida’s other coast, and the deal expands their footprint to 10 markets nationwide.  But perhaps the more important change is the move into a wider product set.  The company plans to add Ethernet and MPLS networking, IP transit, and hybrid colo/cloud services to its other markets as well.

They bought from the private equity guys at Novacap.  Financial details were not disclosed.

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Categories: Datacenter · Managed Services · Mergers and Acquisitions

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