365 Data Centers Buys Into New Jersey

September 10th, 2019 by · Leave a Comment

The national data center provider 365 Data Centers has acquired some more data center space in suburban NJ. Yesteday the company announced the purchase of NYI-NJ's Bridgewater facility, complementing the company's existing presence in Manhattan.

NYI-NJ was one of NYI's six data centers nationwide, featuring 25K square feet of space and 2.3MW of capacity. The deal gives 365 Data Centers a total of 11 facilities nationwide, adding 120+ enterprise customers to their rolls and expanding its ecosystem's carrier network PoPs to 150 total. At least some employees from NYI-NJ are also making the switch as part of the deal.

The financial capital for the purchase came from a recent equity investment into 365 Data Centers by Turning Rock Partners, which joins Chirisa, Lumerity, and Longboat as an equity Partner. Financial details of the purchase and the investment were not disclosed.

As for the rest of NYI, they still operate two locations in NYC, one in Chicago, one in Los Angeles, and another in Seattle. I haven't heard much about them lately, but if they're selling off NYI-NJ then perhaps the other locations are similarly on the market.

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Categories: Datacenter · Mergers and Acquisitions

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