class="entry-title">Phillips Realty Capital Arranges $67M Refinancing Loan for Data Center, Office Building in Northern Virginia: Phillips Realty Capital has arranged a $67 million refinancing loan for a 199,097-square-foot Tier III data center and office building in Vienna. The borrowers acquired the building in 2016 and immediately began renovations. The funds are being used to refinance the initial construction loan as well as add 130,000 square feet of raised floor, including an 8 MW expansion of critical power. The data center is categorized as a Tier III center due to having 99.982 percent operational time and not more than 1.6 hours of downtime per year, according to The Uptime Institute. The property also features a “N+1 configuration,” which gives the building 72-hour power outage protection. The building is located 17 miles west of Washington, D.C. William Lawson, Adam Bieber, and Harmon Handorf of Phillips Realty Capital arranged the loan through EagleBank on behalf of the borrowers, Element Critical, Safanad and Industry Capital.

ePlus Acquires ABS Technology, Expanding Reach in Mid-Atlantic Region: ePlus inc. has acquired certain assets and liabilities of Innovative Technology Systems & Solutions, Inc. The acquisition further establishes ePlus as a leading provider of consultative technology solutions in the region and gives it a stronger foothold in commercial accounts, as well as in Healthcare, Education and Government vertical industries. ABS, a Virginia Beach-headquartered solutions provider with deep expertise in managed services, networking, collaboration, and security solutions, will provide a strong strategic enhancement to ePlus’ existing solutions portfolio, which includes cloud, data center, security, AI/emerging solutions, along with a comprehensive set of managed, professional and staffing services.

Oracle to Appeal Court of Federal Claims JEDI Decision: Oracle America today filed notice of appeal regarding the court decision which found the underlying JEDI procurement unlawful. “The Court of Federal Claims opinion in the JEDI bid protest describes the JEDI procurement as unlawful, notwithstanding dismissal of the protest solely on the legal technicality of Oracle’s purported lack of standing. Federal procurement laws specifically bar single award procurements such as JEDI absent satisfying specific, mandatory requirements, and the Court in its opinion clearly found DoD did not satisfy these requirements. The opinion also acknowledges that the procurement suffers from many significant conflicts of interest. These conflicts violate the law and undermine the public trust. As a threshold matter, we believe that the determination of no standing is wrong as a matter of law, and the very analysis in the opinion compels a determination that the procurement was unlawful on several grounds,” reads an official statement by Dorian Daley, General Counsel for the Oracle Corporation.

Contegix Appoints Joe Deney as Chief Operations Officer: Contegix, the leading Managed Service Provider for digital applications, today announced that it has named Joe Deney as its new chief operations officer. Deney is responsible for driving increased customer satisfaction and is charged with evolving the company’s support organization, which manages many of the top Content Management Systems and DevOps toolsets. He most recently served as executive vice president of customer operations and customer success at Flexential where he built programs to significantly increase customer loyalty and retention. Under his leadership, the support organization provided seamless, uninterrupted service for a large customer base. Prior to Flexential, Deney held leadership roles at CA Technologies and Savvis, Inc.

 

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