Data center services company DataBank, headquartered in Dallas, has closed its acquisition of Indianapolis-based colocation, Internet, voice, network and cloud services provider, LightBound.
This transaction expands DataBank’s growing portfolio of edge data centers in secondary markets with the addition of two “enterprise-grade” facilities with over 56,000 gross square feet of colocation space and 9.5MW of installed UPS.
LightBound’s data centers are located in the downtown Indy Telcom Center, a densely interconnected facility in the Indianapolis metro area providing Tier III quality data center services. DataBank now operates 20 data centers in 9 US markets, including Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, Baltimore, Atlanta, and Indianapolis.
Colocation and Cloud Solutions
Concurrently with the closing, DataBank has divested the LightBound fiber/CLEC assets to Everstream, a “business-only” fiber network provider. The divestment would allow DataBank to focus on its core data center and managed services offering. It would also allow Everstream to enter the Indianapolis market, serving the needs of existing LightBound fiber/CLEC customers as well as new enterprises in the area.
“Our investment in LightBound and divestment is a part of our customer-centric strategy to offer high quality colocation and cloud solutions to enterprise and cloud and content customers,” said Raul K. Martynek, CEO of DataBank. “We look forward to continuing the phenomenal customer service reputation that LightBound built as a trusted provider and adding DataBank’s broad infrastructure services suite and national footprint to the Indianapolis market. We also expect LightBound customers who have purchased fiber/CLEC services to benefit from the scale and resources of Everstream as that is the core focus of their business.”
With more than 10,000 miles of fiber across the Midwest, the transaction would accelerate Everstream’s planned entry into the Indianapolis market, and provide Everstream with a lit fiber network extending across the metro area. With this transaction, Everstream is on track to grow to more than 15,000 miles of fiber with more than 3,000 on-net locations in 12 markets throughout the Midwest by the end of 2020.
DataBank and Everstream intend to partner closely with each other as they integrate the legacy LightBound assets into DataBank and Everstream’s operations.
“Everstream is expanding its footprint across the Midwest and this transaction in Indianapolis aligns with our focus on delivering enterprise-grade fiber to businesses that require network speed, reliability and scalability,” said Brett Lindsey, President and CEO of Everstream. “We look forward to serving existing customers in Indianapolis and expanding with additional route miles of fiber that will bring added benefits across the region.”