Data center services provider Element Critical has expanded its platform into the Texas data center market by acquiring a 62,000 square foot facility in Austin from colocation provider vXchnge. This data center is called ‘Austin One.’ As a result of the acquisition of Austin One, Element Critical now operates two data centers in Texas.
The acquisition of this Austin One facility would allow Element Critical to meet the long-term client demand in the booming Austin data center market. This data center is intended to sustain 7MW of critical IT load. Financial terms of the acquisition were not disclosed.
The facility is located in the northern section of Austin, just a few minutes from the Austin Bergstrom Airport and above the flood zone. On its 7-acre site, the data center serves more than 60 enterprise clients, including a number of creative companies with offices or headquarters in Austin.
A 2MW data hall has just been built at Element Critical’s new Austin location, and it is simultaneously maintained with N+1 redundancy. With its high-density rack support, Element Critical enables completely configurable power options to match any client deployment. Austin’s rising demand for high-quality data center space would need Element Critical to install roughly 6 MW of extra utility capacity in the next 1-2 years.
The Texas Triangle, which includes Austin, Houston, Dallas and San Antonio, would make the Austin data center campus an attractive location. According to Element Critical, Austin One can offer sub-10 millisecond latency to 70 percent of Texas via 10 on-site carriers. The company’s clients have access to a wide range of carrier partners. Megaport, a global leader in Network-as-a-Service (NaaS), provides on-ramp access to major cloud providers through the network ecosystem.
Element Critical and its investors were advised in this transaction by the law firms of Greenberg Traurig, and Shearman & Sterling. Bank Street Group served as exclusive financial advisor to vXchnge in connection with this transaction.