Wednesday Bytes: DataBank, Stream DC, Clearfield, Peerless

May 18th, 2022 by · Leave a Comment

Two data center items, one fiberoptic vendor M&A, and some UCaaS:

DataBank now has some new land to work with down in Atlanta. The data center operator has purchased 18 acres of land with an existing building at 200 Selig Drive. They plan to build out ‘Lithia Springs Campus’ on the property, starting with ATL4. ATL4 will have an initial footprint of 200K+ square feet and 40MW of critical IT load. DataBank is already doubling the raised floor capacity over at ATL 2/3.

Stream Data Centers says it has launched a new, separately-managed investment vehicle. It is based by a ‘leading public pension plan’ and will look to invest in data center opportunities across the US. The targets will be ‘stabilized and modest value-add opportunities’ in major markets. It should be interesting to see where that turns out to be.

Clearfield has made an inorganic move with the announced purchase of Finland-based Nestor. Nestor is an existing supplier of fiber optic cables to Clearfield, and the deal brings that longstanding relationship in-house. It also gives Clearfield some additional European customers and revenues. The deal cost some $23M and is expected to close in a few months.

Peerless Network has teamed up with Jazzware to take on the hospitality industry. They have launched a new cloud-based UCaaS system that incorporates Jazzware’s property management system into Peerless’s UCaaS platform. The result is a PBX with the extra features needed in this sector beyond what the usual business would be looking for.

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Categories: Datacenter · Fiber optic cable · Mergers and Acquisitions · Unified Communications

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