Regional operator 365 Data Centers this week announced its acquisition of Atlantic Metro Communications, which provides network and cloud services to enterprise customers, continuing to build 365’s presence in the data-intensive Northeast corridor.
The expansion comes just a month after 365 Data Centers was acquired by private equity firm Stonecourt Capital, which said it intends to “deploy significant additional capital” to accelerate the company’s growth and transform 365 into a leading provider of hybrid data infrastructure services.
The Atlantic Metro acquisition provides momentum towards that goal, especially on the East Coast. The deal extends the 365 network into major carrier hotels across the country and in several key international markets, along with a data center facility in Herndon, Virginia. 365 now operates 13 data centers, has colocation space in five partner-operated facilities, and has 86 points of presence (PoPs), including 65 former Atlantic Metro network PoPs in the Boston, New York, New Jersey, Philadelphia and Virginia metro markets.
“This transaction is a milestone event for both companies,” says Bob DeSantis, Chief Executive Officer of 365 Data Centers. “365’s acquisition of a highly respected business with a track record of providing customers with high touch, hybrid infrastructure solutions is a tribute to Atlantic Metro’s management and employees, who will become part of the 365 team.”
Atlantic Metro’s founders and leaders will join the 365 executive team, reporting to DeSantis. Stephen Klenert has been named 365’s Senior Vice President, Customer Solutions & Implementation, James Cornman becomes 365’s Chief Technology Officer, and Steve Oakie joins 365 as Senior Vice President, Sales & Marketing.
“The product knowledge and expertise of these industry veterans will be invaluable as we quickly integrate into one, robust 365 brand,” said DeSantis.
“Since 2011, we’ve built a company that we’re very proud of and did it without a lot of capital,” says Matthew Lombardi, CEO of Atlantic Metro. “This transaction will enable continued growth through increased investment in infrastructure and managed services. 365 has a talented team of experienced investors, operators, and technologists who share our vision and bring enterprise-scale resources.”
The Stonecourt acquisition provided financial resources for 365 to pursue growth both organically and through acquisitions. “365 will continue to remain strategically disciplined by focusing on acquisition targets in the northeast quadrant of the U.S., Tennessee and Florida that further enhance 365’s network centric colocation and related network and virtual service offerings,” said DeSantis.