Digital Fortress Reports on New Data Center Acquisitions
Apr 05, 2012 (Close-Up Media via COMTEX) --
Digital Fortress, Inc., a newly formed operator of data center colocation facilities, announced that it has acquired the data center businesses of digital.forest, Inc. and Fortress Colocation Services.
According to a release, Digital Fortress was formed by Halyard Capital, Meritage Funds and Sweetwater Capital as a platform to consolidate the data center colocation market in the Pacific Northwest. Mark Hughes, former Chief Financial Officer of Inflow Communications and Executive Vice President of Operations at SunGard Availability Services, has been appointed Executive Chairman. Terms of the transaction were not disclosed.
Headquartered in Seattle, WA, Digital Fortress provides collocation and related services with a focus on the underserved market of regional small to medium sized enterprises seeking to enhance their overall IT infrastructure capabilities through outsourcing. Large enterprise collocation customers from the Pacific Northwest, North America and beyond are also attracted to the Company's facilities due to their ability to service high-density power applications with low-cost, green energy. The Company is also expanding through the development of new data center facilities. Digital Fortress is currently refurbishing an existing enterprise-class data center located in downtown Seattle, which will offer over 18,000 square feet of raised-floor space and will be ready for occupancy by July 2012.
"Digital Fortress differentiates its service offering by delivering high-density power applications serviced with a highly efficient and effective operating model," said Executive Chairman Mark Hughes. "We believe this model delivers best-in-class infrastructure solutions comparable to nationally recognized competitors, but at a more attractive value to customers."
"During the past few years, we have seen increasing demand in the market for high quality, power dense colocation services, driven by significant growth in digital information and enterprise migration towards IT outsourcing, as well as fundamental advancements in computing technology, which Digital Fortress is uniquely positioned to deliver" said Robert Pistilli, Vice President at Halyard Capital.
"Meritage is pleased to re-enter the data center market with the establishment of the Digital Fortress platform and to reconnect with Mark Hughes, Halyard and Sweetwater in the process. We have great confidence in this team's ability to serve the needs of Digital Fortress' growing base of true enterprise customers," added Derek Pilling, Managing Director at Meritage Funds.
The investors received legal counsel from Edwards Wildman Palmer. Webster Bank provided debt financing for the transactions. digital.forest, Inc. was advised by Media Venture Partners.
Digital Fortress is a provider of enterprise collocation and related services to large and medium-sized enterprise customers.
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