DataBank expands US edge infrastructure in £590m data centre deal

Data centre
DataBank expands US edge infrastructure in £590m data centre deal
Fin is an experienced editor with a focus on the frontlines of global business news and cutting-edge technological trends. He has published engaging interviews with leading industry figures from the likes of CBS, Rakuten, Spotify, and more. When not tapping away behind a laptop, he can be found researching and exploring the cryptocurrency and NFT markets. You can follow his Twitter @FinStrathern or connect with him at https://www.linkedin.com/in/finstrathern/.

DataBank, a connectivity and managed services provider, has closed its acquisition of four existing Houston, TX area data centres from CyrusOne for $670 million (£590m). The transaction makes Houston the 28th metro market in DataBank’s US portfolio, expanding what is already the largest edge infrastructure footprint in the country.

The four Houston facilities collectively add more than 300,000 square feet of raised-floor data centre capacity, and 42.5 megawatts of power, bringing DataBank’s total portfolio to more than 65 facilities and two million square feet of raised-floor data centre capacity.

Under the terms of the agreement, DataBank acquired the data centre located at 4201 Southwest Freeway formerly known as the CyrusOne Galleria, as well as the Houston West Campus, which is the metro’s primary interconnection point with more than 30 fibre networks, 3,500 cross connects and public cloud on-ramps from AWS and Google. The campus is located 20 minutes west of Downtown Houston and is home to three data centres formerly known as West I, West II, and West III. 

“DataBank has deep roots in Texas, and we are excited to strengthen our partnership in the state even further with this expansion into the Houston market,” said DataBank CEO Raul K. Martynek. “We look forward to bringing our digital infrastructure to the fourth largest metro in the US. This acquisition underscores our commitment to this market and our belief in its continued prosperity.”

TD Securities and CIT, a division of First Citizens Bank, provided DataBank with the underwritten debt financing for the transaction. Jones Day served as legal advisor to DataBank in connection with the transaction.

Want to learn more about edge computing from industry leaders? Check out Edge Computing Expo. The next events in the series will be held in Santa Clara on 11-12 May 2022, Amsterdam on 20-21 September 2022, and London on 1-2 December 2022.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

Tags: , ,

View Comments
Leave a comment

Leave a Reply