Data center services, cloud, and Internet infrastructure marketplace UPSTACK has acquired yet another company. This time it has acquired DataCenterAndColocation.com, a consulting firm advising midmarket enterprises on data center and colocation solutions. Financial terms of the acquisition were not disclosed.
UPSTACK’s acquisition of DataCenterAndColocation.com is part of the company’s plan to expand its platform, which would bring together some of the industry’s best Advisor Partners with cutting-edge technology, support resources, and data.
UPSTACK also announced in April that Berkshire Partners had made a $50 million equity investment in the firm, which will allow it to continue to grow its platform through technological expansion and partner acquisitions.
John Giaquinta, President and CEO of DataCenterAndColocation.com, will join UPSTACK as a Partner and Managing Director, as well as a genuine equity shareholder in UPSTACK, as part of the agreement. He will also act as an advisor to corporate clients using the UPSTACK platform to source data center, colocation, cloud, network connection, and other services.
“We’re excited to bring a data center expert like John to the team,” said Christopher Trapp, Chief Executive Officer (CEO) of UPSTACK. “UPSTACK got its start by streamlining data center sourcing, so adding an Advisor of John’s caliber and reputation in the data center industry is a welcome validation of our model. We’re pleased to be working together to bring even more services and greater value to our customers.”
Data Center and Colocation Services
John Giaquinta founded DataCenterAndColocation.com in 2009 after years of working directly for data centers to better service organizations with multivendor data center requirements across several states or countries. Mr. Giaquinta has more than 30 years of telecommunications expertise, working for Fortune 500 firms in operations and sales.
According to Mr. Giaquinta, DataCenterAndColocation.com developed fast because of its single-minded emphasis on data center and colocation services and a continuous supply of leads, receiving a number of awards, including the Gold Partner Award from Digital Realty Trust in 2018.
John Giaquinta began to attract takeover approaches as the firm’s reputation expanded. “I had reached a growth plateau, so I knew I’d either need to add more people or sell,” he said, noting that his original low-overhead model focused on managing customer sourcing challenges rather than personnel. Finally, Giaquinta picked UPSTACK as a partner because of his lengthy relationship with the company’s executives and the chance to provide his clients an even larger range of services and expertise.
“We chose UPSTACK because we have close relationships with our customers, and we wanted to make sure the high-level of expertise and support they have come to expect would only grow moving forward,” added Mr. Giaquinta.