More data center mergers and acquisitions (M&A) appear likely amid reports of two new special purpose acquisition corporations (SPACs) featuring teams of data center executives. Meanwhile, the industry’s busiest consolidator is raising a huge new round of capital.
Vantage Data Centers
Founded in 2010, Vantage Data Centers specializes in custom-built data centers with a “near-maniacal focus on efficiency, operational excellence, reliability, testing, and maintenance.” Their data halls with “variable resiliency”, involving less elaborate backup power infrastructure, provides a cost-effective solution for non-mission critical compute loads. With the backing of Digital Bridge, Vantage has continued to grow in the cloud provider market.
Headquarters: Santa Clara, CA
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Vantage Data Centers has raised $1.25 billion in equity funding from its current investors, led by Digital Colony. The funding reinforces the value proposition of building wholesale data center space for hyperscale customers, including the leading players in cloud computing and online commerce.
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Vantage Data Centers is continuing its global expansion by adding capacity in the two largest U.S. markets, Northern Virginia and Silicon Valley. Both markets are seeing strong customer demand, with developers working steadily to provide inventory to keep pace.
Lee Kestler, Aligned and Amazon Web Services were among those honored as the Northern Virginia Technology Council recognized the industry’s accomplishments at its 2020 Virginia Data Center Awards.
Silicon Valley — one of the largest and most important data center markets in the U.S. — has entered a new phase of acceleration and competition, and is positioned for its strongest growth in years.
Colony Capital is leading an investor group that will invest $1.2 billion in Vantage Data Centers’ data centers, providing Vantage with capital to build more data centers.
Vantage Data Centers is continuing its expansion into European markets with a definitive agreement to acquire Next Generation Data (NGD), a massive data center facility in Cardiff, Wales.
Vantage Data Centers is going global with a $2 billion push into Europe, acquiring service provider Etix Everywhere along with land parcels in five markets.