Check out the latest in deals, development and disruptive technology in the data center industry for September 11, 2019:
- Digital Fortress Partners with Lincoln Rackhouse to Expand Data Center Operations to the North Seattle City of Lynnwood: Lincoln Rackhouse, the data center division of Lincoln Property Company with over 2.5 million square feet of mission critical space under management, announces the addition of Digital Fortress as an operating partner. Digital Fortress, a premier enterprise-level colocation provider, has added its third Seattle area location by leasing the entirety of Rackhouse Seattle, a 5.4 MW facility located 16 miles north of Seattle in Lynnwood, WA. Rackhouse Seattle provides 47,820 square feet of server-ready space, 5.4 MW of green-hydro power, N+1 mission-critical deployment, a diversity of carriers, and carrier-neutral and redundant feeds to all of the Digital Fortress data centers as well as the local peering exchange. The lease comes just three months after Lincoln Rackhouse and Principal Real Estate Investors purchased the site in May of 2019.
- Western Digital Accelerates Leadership in Next-Generation Data Center Architectures With Acquisition of Kazan Networks: Western Digital and Kazan Networks announced today that Western Digital has completed the acquisition of Kazan Networks, a provider of industry-leading NVMe-over-Fabric ASIC and adapter products for next-generation data center architectures. Financial terms of the transaction were not disclosed. Kazan Networks offers the industry’s highest performing and most power efficient NVMe-oF bridge solutions to seamlessly connect and share JBOFs and other data center resources over fabric. The addition of Kazan Networks’ portfolio of adapter- and ASIC-level integration products, which include the Fuji NVMe-oF Bridge ASIC and the Onyx NVMe-oF Bridge Adapter, will immediately accelerate Western Digital’s data infrastructure leadership, capabilities and offerings. The acquisition also expands Western Digital’s expertise in advanced fabric-enabled architectures that will enable the company to enhance its portfolio of NVMe fabric-ready platforms and systems, including its OpenFlex composable disaggregated infrastructure (CDI) offerings which were introduced by the company last year.
- 365 Data Centers Acquires Premier New Jersey Data Center and Secures Significant Growth Capital: 365 Data Centers, a leading provider of cloud, connectivity, and data center services for enterprise, carrier, and content customers, announces the addition of an 11th data center to its growing portfolio with the acquisition of NYI-NJ, a Bridgewater, New Jersey facility. The 25,000-square-foot data center offers an immediate 2.3MW of capacity 40 miles from New York City. The acquired business will be quickly integrated, with resilient connectivity, into 365’s existing platform of 10 data centers, 20 additional network PoPs, and cloud on-ramps. This New Jersey addition further enhances 365’s geographically diverse, interconnected data centers in Boca Raton, Buffalo, Chicago, Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City, and Tampa. The transaction adds over 120 enterprise customers and increases the carrier network PoPs within 365’s network-centric ecosystem to 150. Funding for the acquisition came, in part, from a portion of a significant equity investment recently made in 365 by Turning Rock Partners, a New York-based investment firm, and 365’s existing ownership group. 365’s acquisition credit lines with Antares, ING Capital, and TD Securities were also partially used to fund the purchase.
- Hurricane Electric Partners with H5 Data Centers to Expand High-Speed Connectivity Options in Seattle: H5 Data Centers, a national colocation and wholesale data center provider, today announced the addition of Hurricane Electric, the world’s largest IPv6-native internet backbone, to its downtown Seattle data center at 1000 Denny Way. Hurricane Electric’s new Point of Presence at H5 Data Centers’ Seattle colocation facility, will offer enterprises and cloud service providers alike with improved fault tolerance, load balancing and congestion management in the delivery of next generation IP connectivity services. Customers of H5 Data Centers now have access to Hurricane Electric’s extensive IPv4 and IPv6 network through 100GE (100 Gigabit Ethernet), 10GE (10 Gigabit Ethernet) and GigE (1 Gigabit Ethernet) ports. Additionally, customers can exchange IP traffic with Hurricane Electric’s vast global network, which offers over 20,000 BGP sessions to over 7,500 different networks via more than 200 major exchange points and thousands of customers and private peering ports.
- Advanced Energy Completes the Acquisition of Artesyn Embedded Power: Advanced Energy Industries, a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced that it has completed the previously announced acquisition of Artesyn Embedded Technologies’ Embedded Power business. With this highly strategic acquisition, Advanced Energy becomes a highly diversified, pure play power house with a global platform for accelerated earnings growth. Under the terms of the share purchase agreement, the total consideration for this acquisition was approximately $400 million. Advanced Energy paid approximately $375 million in cash at closing and assumed approximately $25 million in net liabilities, including estimated adjustments for net working capital and acquired cash. In conjunction with this transaction, AE completed the previously-announced credit financing, consisting of $350.0 million of a senior unsecured term loan A facility and an untapped $150.0 million senior unsecured revolving facility, before any fees, led by Bank of America, with commitments from HSBC Bank USA, Bank of the West and Citibank.
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