DataBank Announces the Acquisition of VeriSpace in Minneapolis
Acquisition drives DataBank's expansion into a thriving new market
Dallas - March 18, 2013 - DataBank Holdings, Ltd., a leading custom data center and colocation provider based in Dallas, announced today the company's acquisition of VeriSpace, a colocation service provider based in Minneapolis, MN. With the acquisition, DataBank enters an active new market, and brings the company's total of data centers facilities under their management to eight.
"DataBank has been working diligently on expansion into new markets, and VeriSpace offered us the perfect vehicle," said Tim Moore, CEO of DataBank. "VeriSpace has a strong market presence and provides service to a number of the region's top businesses." Moore continued, "We are continuing to execute on our plan. This first step in Minnesota gives us a great location in which to launch our expansion efforts and we will be developing additional high-quality data center capacity here, in the coming year."
Following the acquisition of VeriSpace, DataBank now operates over 180,000 square feet of data center space in Texas and Minnesota. For additional information on DataBank's available products and services, please visit the company web site at www.databank.com.
VeriSpace is a leading provider of data center infrastructure offering secure, reliable space and high speed dedicated and Internet based communications for primary and backup data facilities, hosting or remote storage. VeriSpace currently operates a 10,000 square foot facility located in the Minneapolis suburb of Edina, Minnesota.
DataBank is a leading provider of enterprise-class data center services which are aimed at providing customers with a 100% uptime availability of their data, applications, and infrastructure. DataBank's managed data center services are anchored in our world-class facilities, a multi-homed internet access hub and a multi-terabyte storage area network. Our customized technology solutions are designed to help customers effectively manage risk, improve their technology performance, and allow them to focus on their core business objectives. For additional information on DataBank, please visit www.databank.com or call 1(800) 840-7533. ###