Flexential has raised $2.1 billion to accelerate its growth strategy, and will use the money to deploy highly-sustainable data centers and enter new markets. Flexential is the latest data center company to use asset-backed securities to raise funds, including a green bond component.
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Flexential CEO Chris Downie says recovery from the COVID-19 pandemic will bring a sharper focus on hybrid IT, Flexential aims to use its growing portfolio of services and markets to help enterprise customers sort out a complex IT landscape
The steady stream of new about the data center industry continues. This week: third-party maintenance specialist Park Place Technologies acquires Curvature, Hivelocity expands its bare metal edge with Vapor IO, and Flexential adds capacity in its Atlanta data center.
Data center developers continue to deploy more capacity, as the digital economy races to keep pace with demand for more capacity due to pandemic-driven societal shifts. Here’s a roundup of this week’s development and finance news.
Colocation specialist Flexential has lined up $250 million to help the company continue to reduce debt, expand its data center footprint and invest in new services.
Financial services is a target market for Flexential as it adds capacity in Atlanta’s “Transaction Alley” in the latest phase of a broader expansion of its national footprint.
Flexential has expanded into the market for wholesale data center space, and begun expanding its facilities, including a 115,000 SF addition in Hillsboro, Oregon.
Peak 10 has become Flexential, adopting a new name as it seeks to establish a national brand following its $1.7 billion acquisition of ViaWest.
Social networks had a big appetite for server space in 2021, as large leases by Meta, TikTok and Twitter made it another blockbuster year for U.S. data center developers, according to a new report from North American Data Centers.
What lies ahead for the data center industry in 2022? We’ve identified 8 themes that will shape the data center business this year. The overarching theme is dealing with the challenges of growth and the data center industry’s vital role in a digital society.