CAPRE’s Digital Infrastructure Round Up for February 6, 2020: SDC Capital Partners Closes Majority Acquisition of Fatbeam, Excelero Triples AI/ML and Hyperscale Customer Growth

Check out the latest in deals, new development and innovative strategies in hyperscale, colocation, 5G, cloud migration, cloud services, edge compute, Hybrid IT, power, cooling and energy efficiency for February 6, 2020:

  • SDC Capital Partners Closes Majority Acquisition of Fatbeam: SDC have acquired a majority interest (51%) in Fatbeam Holdings. The transaction will provide Fatbeam with significant capital resources to support its continued growth. Fatbeam’s majority shareholders prior to the transaction will continue to maintain a material ownership stake in Fatbeam following the close of the transaction. Fatbeam is a leading provider of purpose-built fiber infrastructure services to enterprise, education, healthcare, government and carrier customers in the western United States. The Company’s extensive network footprint spans over 45,000 fiber miles, primarily in population-dense metropolitan areas within Arizona, Idaho, Montana, Nevada, Oregon, Washington and Wyoming.
  • Riot Blockchain Announces Termination of SEC Investigation: Riot Blockchain, one of the few Nasdaq listed public cryptocurrency mining companies in the United States, received a written notification from the Division of Enforcement of the Securities and Exchange Commission on January 29, 2020 saying that the SEC has concluded its investigation of Riot, which was originally announced on April 9, 2018. Based on the information the SEC has as of the date of the letter, it does not intend to recommend an enforcement action against Riot, with respect to the matters investigated by the SEC. The Board of Directors and Management of Riot are pleased the SEC has concluded its investigation without recommending any enforcement action. Riot remains focused on the cryptocurrency sector with the goal of creating added shareholder value.
  • MOX Networks Announces New Columbus to Ashburn Route and Unveils New Brand as Growth Accelerates: MOX Networks, a leading fiber optic network specialist, announced today expected completion of its exclusive new Columbus to Ashburn route in Q2 2020, which has been under construction for the past eighteen months. The announcement coincides with the launch of its new corporate brand identity and tagline under the name MOX. Under the leadership of President and COO, Justin Melnikoff, MOX has built and delivered unique, high capacity network infrastructure, across North America and Japan. With the North American market experiencing an accelerated growth period bringing 353 million Internet users and five billion networked devices/connections by 2022, and continued exponential expansion between North America and Asia, MOX is focused on delivering the global long-haul, regional and metro requirements that will enable such developments. The new Columbus to Ashburn route, the only dark fiber route available across West Virginia, provides an avenue of immediate support for large bandwidth requirements from the region’s major industries.
  • Excelero Triples AI/ML and Hyperscale Customer Growth: Excelero, a disruptor in software-defined block storage, deployed 3x more new artificial intelligence and machine learning (AI/ML) customers during fiscal year 2019, and the company also grew new hyperscale web customers using its NVMesh Elastic NVMe solution by 3x. Revenue from Exceleros new deployments represented 70% of its full year total, while 30% came from existing accounts. New customers secured during January 2020 continue the trend. Exceleros strong 2019 affirms the appeal of NVMesh as high-performance GPU storage to serve AI/ML and hyperscale applications. With 270% growth in enterprise AI deployments in the past four years, and 154% growth in 2019 alone, data center operators are re-evaluating their storage architectures to ensure that they support the high-throughput and low latency of AI/ML systems and associated transactional databases. Exceleros NVMesh delivers up to 10x faster data processing for multi-server, multi-GPU compute nodes when working with massive datasets to carry out complex financial analysis, climate modeling and related workloads.
  • Grain Management Completes Acquisition of Summit Broadband: Grain Management, a leading Washington, D.C.-based investor focused on the global communications sector, announced today that it has completed the acquisition of a majority interest in Summit Vista, Inc., dba Summit Broadband,  from Cable Bahamas Ltd. Terms of the deal, originally announced on August 19, 2019, were not disclosed. Summit Broadband is a fiber-optic telecommunications provider that serves business and residential customers in central and southwest Florida. Its products include voice, video, data and high-speed internet services, as well as Ethernet and dark-fiber transport. TD Securities served as financial advisor to Grain in the transaction, Alston & Bird LLP served as legal counsel, and the Direct Lending team at Deutsche Bank provided committed debt financing for the transaction.

The post CAPRE’s Digital Infrastructure Round Up for February 6, 2020: SDC Capital Partners Closes Majority Acquisition of Fatbeam, Excelero Triples AI/ML and Hyperscale Customer Growth appeared first on CAPRE MEDIA | CAPRE EVENTS.

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