Solidifies DataBank as a Leading Edge Data Center Provider with over 1 Million Sq. Ft. of Colocation Space and 20 Major Network Interconnect Hubs.
Dallas, TX –December 15, 2020 – DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, announced it has closed its acquisition of zColo data center assets from Zayo Group Holdings. With this transaction, DataBank now offers its secure colocation, connectivity, cloud, and managed services in 60 data centers spread across 28 key markets in the U.S. and U.K. A second closing for the five data centers in France is expected in Q1 2021.
This announcement comes after DataBank recently added modular data center capabilities to its traditional data center portfolio which accelerates the company’s edge data center strategy. Modular data centers provide the space, power, and bandwidth to further reduce latency and improve performance for key applications.
These developments put DataBank at the forefront of the edge infrastructure wave, enabling enterprises, hyperscalers, cloud, content, and software customers to move their mission-critical workloads and platforms closer to end-user populations in second-, third-, and fourth-tier markets.
“DataBank has now assembled a unique portfolio of data center infrastructure and network interconnect options to address customer workloads anywhere from Tier 1 markets to the far edge,” comments Raul K. Martynek, DataBank’s CEO. “With an open interconnect architecture and virtually unlimited geographic options, we are poised to help our customers in the U.S. migrate their workloads and adapt to the next evolution of the internet: the hyper-localization of data and compute being unleashed by 5G networks.”
With the closing announced today, DataBank now offers its customers access to:
The addition of zColo’s facilities and footprint gives DataBank’s existing customers tremendous new options for geographic diversity, but it also gives zColo’s base of 1500+ blue chip customers access to DataBank’s deep reservoir of managed security, data protection, cloud and compliance enablement capabilities, creating a true win-win for customers.
The transaction was funded by an investor group led by Colony Capital, Inc. (NYSE: CLNY), DataBank’s controlling shareholder. In addition to leading a consortium of world-class institutional investors to support the acquisition, Colony Capital invested $145 million from its balance sheet to maintain its 20% stake in DataBank.
TD Securities led the debt financing for the transaction, and along with Joint Lead Arrangers & Joint Bookrunners Société Générale and Truist Bank, provided the underwriting for the $500 million First Lien Credit Facilities and the $100 million Second Lien Credit Facility. CoBank ACB, Regions Bank, and Natixis, New York Branch additionally acted as Joint Lead Arrangers on the First Lien Credit Facilities
For more information, please visit www.databank.com.
About Colony Capital
Colony Capital, Inc. (NYSE: CLNY) is a leading global investment firm with a heritage of identifying and capitalizing on key secular trends in real estate. The Company manages a $47 billion portfolio of real assets on behalf of its shareholders and limited partners, including over $23 billion in digital real estate investments through Digital Colony, its digital infrastructure platform. Colony Capital, structured as a REIT, is headquartered in Los Angeles with key offices in Boca Raton, New York, and London, and has over 350 employees across 20 locations in 12 countries.
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Recognized by Deloitte as one of the fastest-growing private U.S. companies in 2023, DataBank helps the world’s largest enterprises, technology, and content providers ensure their data and applications are always on, always secure, always compliant, and ready to scale to meet the needs of the artificial intelligence era.
Our edge colocation and infrastructure footprint consists of 65+ “HPC-ready” data centers in 27+ markets, 20 interconnection hubs, and on-ramps to an ecosystem of cloud providers with virtually unlimited reach.
We combine these platforms with contract portability, managed security, compliance enablement, hands-on support, and a guarantee of 100% uptime availability, to give our customers absolute confidence in their IT infrastructure and the power to create a boundless digital future for their business.
Discover the DataBank Difference today:
Hybrid infrastructure solutions with boundless edge reach and a human touch.