Data Center Developer/Operator ServerFarm Acquires 5NINES

ServerFarm Chicago Data Center 3
ServerFarm Chicago Data Center

After announcing the completion of a $200 million credit facility led by TD Securities, ServerFarm has completed the acquisition of 5NINES Global Holdings. The data center developer and operator will integrate the organization’s employees, customers, subsidiaries, operations and assets into the company’s global business.

This development expands ServerFarm’s network to several new locations around Europe and the United States. It would also boost ServerFarm’s ability to deliver digital transformations for global enterprises.

Since 2016, UK-headquartered 5NINES Global Holdings has developed unique data center platforms delivering colocation and managed data center services. 5NINES Global Holdings’ rapid expansion has grown to include operational subsidiaries in the U.S., Finland, the Netherlands and the UK, all of which have become part of ServerFarm Global’s operations, adopting the ServerFarm brand and operating model.

“We are delighted to have acquired one of the world’s most innovative data center operators,” said Avner Papouchado, CEO of ServerFarm. “This acquisition not only extends our global data center footprint, but also provides a platform to help more customers by repeating a well-proven model. We built ServerFarm because we recognized that global enterprise customers are looking to be released from owning and operating cost- and capital-intensive data center and IT infrastructure and move to more cloud-like as a service, flexible model. This acquisition positions ServerFarm to help more customers around the world realize this objective, and our significant portfolio and services combined with 5NINES’ innovation will define how enterprise data center owners deliver digital strategies for years to come.”

E²P Data Center Solution

Justin Gilbert
“It’s a great pleasure to see that our vision for E²P data centers, underpinned by proven customer contracts, has been recognized by ServerFarm as being a game changer,” said 5NINES Chairman Justin Gilbert.

The founders of 5NINES Global Holdings and ServerFarm have also entered into an agreement to jointly accelerate the 5NINES ‘Enterprise to Public’ (E²P) data center solution. For global clients who are looking to remove their existing data center assets and operations from their internal portfolio and convert to a pure service model, E²P would offer a “quick, reliable and flexible solution.”

“It’s a great pleasure to see that our vision for E²P data centers, underpinned by proven customer contracts, has been recognized by ServerFarm as being a game changer,” said 5NINES Chairman Justin Gilbert. “We are looking forward to working with the team at ServerFarm to help more customers take advantage of the incredible opportunities to transform their business.”

ServerFarm worked closely with NIBC Bank to complete this acquisition. “NIBC are excited to be partnering with ServerFarm, a highly respected and innovative data center player,” said Jan Willem van Roggen, Managing Director at NIBC Bank. “We look forward to working closely with ServerFarm‘s management team and supporting their strategic growth objectives.”

The announcement follows the news of ServerFarm successfully completing a $200 million credit facility led by TD Securities as part of a strategic recapitalization and financing program to drive accelerated growth.

“For almost two decades we have built a strong, highly flexible and innovative business and team with outstanding customers, partners and assets,” said Avner Papouchado, CEO of ServerFarm. “Our new partnership with TD Securities enables us to expand our reach, asset base and services capability.  As the market continues to evolve quickly, the opportunity for our unique mix of services has never been greater. This partnership will enable us to maximise that opportunity for our customers, partners, shareholders and employees.”

Avner Papouchado has been the guiding force behind ServerFarm since its inception. Mr. Papouchado has a proven track record of successful real estate investments and is an active member of the executive management team responsible for ServerFarm’s worldwide investment strategy.

https://hostingjournalist.com/colocation/data-center-developer-operator-serverfarm-acquires-5nines/

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