365 Data Centers Makes a Deal for Atlantic Metro

November 17th, 2020 by · Leave a Comment

Some interesting infrastructure consolidation hit the market today. 365 Data Centers has announced the purchase of Atlantic Metro Communications. The deal nearly doubles 365's customer and revenue footprint.

Atlantic Metro's footprint includes a data center in Herndon VA, as well as some other colo space and power in northern Virginia and out in Los Angeles via a partner. They also operate network assets reaching some 65 PoPs, focusing on the northeastern US but stretching nationally and reaching  multiple key international destinations, as well as cloud platforms serving multiple markets.

Combined, the business now features 13 data centers of their own, 5 partner-operated facilities, a network reaching 86 PoPs, and 7 cloud platform locations. Clearly 365 has evolved into more than a mere data center operator.

Today's deal follows closely on last month's move by Stonecourt Capital to acquire a majority stake in 365 alongside the original investors Lumerity Capital and Longboat Advisors. Although financial details were not given, those additional resources obviously were part of making this deal happen. One wonders if 365 Data Centers has any additional targets in mind.

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Categories: Cloud Computing · Datacenter · Mergers and Acquisitions

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