Data center company Cologix has acquired a five-acre data center campus from vXchnge. The acquired facility has an existing 9 MW of power, with room to expand by a further 10 MW. In Silicon Valley, one of the world’s largest interconnection hubs and home to quite some iconic technology companies.
The acquisition would bring Cologix dozens of leading cloud, software and carrier customers as well as land to expand in response to accelerated demand for cloud deployments “at the digital edge.”
This data center acquisition will bring the Cologix Platform more space, power and connectivity in the region, while enhancing Cologix’s market position as an interconnection leader. Financial terms of this acquisition were not disclosed.
“Silicon Valley continues to have one of the fastest growing data center markets in the world with strong fiber connectivity to Internet backbones and a growing density of hyperscale on-ramps,” said Bill Fathers, Chief Executive Officer (CEO) of Cologix. “This acquisition fits into Cologix’s cloud-first growth strategy by expanding our national footprint into the heart of Silicon Valley, starting with an established interconnection hub. Through this acquisition, we will fulfill our strategic goal of providing total coverage of the U.S. markets with cloud gateways in Ashburn, Silicon Valley, Dallas, Minneapolis, New Jersey, Jacksonville and Columbus, OH – complementing our national coverage of Canada in Toronto, Montreal, and Vancouver.”
It’s not the first vXchnge data center acquired by Cologix. In August last year, Cologix purchased vXchnge’s 16,000 square foot data center in Minneapolis, Minnesota.
Public Cloud Onramps
Customers on this data center campus will get access to Cologix Access Marketplace, which provides on-demand connectivity to onramps including Amazon Web Services Direct Connect, Google Cloud Platform Interconnect, Microsoft Azure ExpressRoute, IBM Cloud Direct Link and Oracle Cloud Infrastructure FastConnect, as well as to many other cloud platforms and network services.
The transaction, which is only subject to customary regulatory approvals, is expected to close in early Q2 2021. It will be funded through a combination of equity from Cologix’s partner, Mubadala, and an increase to their debt facilities.