QTS Realty Trust, a provider of data center facilities and cloud hosting services, has closed the previously announced acquisition of Carpathia Hosting, a Virginia-based colocation, cloud hosting and managed services provider for $326 million.
Carpathia Hosting‘s customers now have access to QTS’ unique portfolio known as QTS’ 3Cs: custom data center (C1), colocation (C2) and cloud and managed services (C3). Similarly, QTS customers have access to additional cloud hosting and managed services, along with Carpathia’s international portfolio. The leverage neutral transaction was financed through cash and available capacity under QTS‘ credit facilities. Peter Weber, former CEO of Carpathia Hosting, joins the QTS executive team as Chief Product Officer.
“Carpathia is a strong complement to QTS’ fully integrated technology services platform,” said Chad Williams, Chief Executive Officer (CEO) of QTS. “We look forward to leveraging the expertise, experience and scale that Carpathia adds to the QTS platform.”
“Enterprise customers are increasingly looking for scale and flexibility to enhance their data center solutions through a fully integrated 3C product offering including managed services layered on top of cloud capabilities, and supported by complex orchestration and advanced customer portals,” added Williams. “With the addition of Carpathia, QTS has strengthened our differentiation in the market.”
The QTS Realty Trust and Carpathia Hosting teams will operate through their current organizational structure while actively developing a near and long term integration plan. The Carpathia leadership team will continue to play key roles in further developing and delivering products and services that meet the needs of an evolving marketplace.