The U.S. colocation and network operations from Sungard will be acquired by 365 Data Centers, a provider of Infrastructure-as-a-Service (IaaS) solutions and network-centric colocation. Along with its U.S. network infrastructure, routes, and clients, 365 is purchasing the worldwide colocation brand’s data center facilities and clients in eight important edge markets.
The transaction would complement 365’s existing data center presence in Boca Raton, Bridgewater (NJ), Buffalo, Chicago, Commack (NY), Detroit, Fort Lauderdale, Herndon (VA), Nashville, Philadelphia, New York City, and Tampa, and its interconnected, low latency, nationwide fiber network across the US.
“This acquisition demonstrates 365 Data Centers’ adherence to its network-centric colocation growth strategy,” said Bob DeSantis, Chief Executive Officer (CEO) at 365 Data Centers. “We have already successfully doubled our business two times since inception in 2017 by acquiring, financing, integrating, and growing quality assets. We look forward to doing the same with the addition of the Sungard colocation and network portfolio, which will further enable us to provide quality services, grow our customer base, and deliver exceptional financial performance, all of which benefits our customers, employees, and investors.”
Sungard employees associated with the acquired business are expected to continue to serve existing clients. They will be complemented by the 365 Data Centers technical team.
20 Interconnected Data Centers
365’s current equity owners, including Stonecourt Capital, which invests money from some of the biggest family offices, institutions, and sovereign wealth funds in the world, and the company’s bank syndicate, which represents the top lenders to the data center industry, have already secured funding for the transaction.
Within the following three months, the agreement is anticipated to be finalized. With direct network access to owned facilities in important western markets, 365’s position as one of the major privately held IaaS providers operating in the Eastern United States with those geographic needs would be further cemented by this deal.
Once this acquisition is closed and integrated, 365 Data Centers will feature:
- 20 interconnected network-centric data centers
- 1,000,000 data center square feet which would include ample expansion space
- 53 MW of available power
- 105 carriers across the platform with about 300 Carrier Points-of-Presence (PoPs)
- 90 additional network PoPs outside the 20 data centers
- Direct on-ramps from each data center to the public clouds
- Cloud storage, cloud compute, BaaS, DRaaS, and business continuity offerings
- 1,700 carrier, content, and enterprise clients
365 Data Centers provides hybrid data center solutions in 12 strategic, primarily edge, markets. Along with network-centric data centers in Boca Raton, Bridgewater (NJ), Buffalo, Chicago, Commack (NY), Detroit, Fort Lauderdale, Herndon (VA), Nashville, Philadelphia, New York City, and Tampa, 365 operates an interconnected, low latency, nationwide U.S. fiber network.
