Wednesday Bytes: GTT, Hylan, T5, NaviSite

August 28th, 2019 by · Leave a Comment

A number of interesting items worth noting:

GTT has been under siege this summer, facing criticism over its integration of Interoute and other matters as it looks to sell off non-core assets to reduce debt levels. And as of the end of next month they'll be doing it without CFO Mike Sicoli, who will be leaving for 'a more senior role with a data center and cloud solutions provider'. Taking over while they search for a permanent replacement will be Dan Fraser, who is currently SVP, principal accounting officer, and global corporate controller.

Hylan has moved its headquarters over to the new New Jersey Bell Works building in Holmdel NJ. It's a revitalization of the historic Bell Labs facility featuring 2M square feet on 472 acres of land at 101 Crawfords Corner Road. The opening of the building was a convenient moment for Hylan to move as it integrates four recent acquisitions and plans additional expansions.

T5 Data Centers says it is going to be significantly expanding its facilities management and construction services businesses. In order to prepare for new contracts T5 plans to nearly triple staff in each of those divisions, adding some 250 to their current headcount of 150. A few months back, T5 and QuadReal Property Group to develop, acquire, and operate more data center space, and this seems like it's the next step down that road.

And Charter Communications has finally made a move with its Navisite managed cloud division. According to an announcement on Monday, RDX will be buying the business and merging it into its own. Thus ends one of the earliest forays by a cable MSO in the cloud space. It was Time Warner Cable that bought Navisite back in 2011 for $230M. Financial details on RDX's purchase were not disclosed.

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Categories: Cloud Computing · Datacenter · Engineering & Construction · Managed Services · Mergers and Acquisitions

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