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Cologix to Acquire Cloud Gateway Data Center in Heart of Silicon ValleyDENVER, April 14, 2021 /CNW/ -- Cologix, North America's leading network-neutral interconnection and hyperscale edge data center company, today announced it has entered into a definitive agreement with vXchnge to acquire a five-acre campus with an existing 9 MW of power, with room to expand by a further 10 MW, in Silicon Valley, the world's second largest interconnection hub. This Santa Clara site serves as a network-dense hub and has a rich ecosystem of fiber-based carriers that continues to attract traffic-intense global customers. The site has received industry recognition for its power and resource design efficiencies. "Silicon Valley continues to have one of the fastest growing data center markets in the world with strong fiber connectivity to Internet backbones and a growing density of hyperscale on-ramps," said Cologix CEO Bill Fathers. "This acquisition fits into Cologix's cloud-first growth strategy by expanding our national footprint into the heart of Silicon Valley, starting with an established interconnection hub. Through this acquisition, we will fulfill our strategic goal of providing total coverage of the U.S. markets with cloud gateways in Ashburn, Silicon Valley, Dallas, Minneapolis, New Jersey, Jacksonville and Columbus, OH – complementing our national coverage of Canada in Toronto, Montreal and Vancouver." This agreement will bring Cologix dozens of leading cloud, software and carrier customers as well as land to expand in response to accelerated demand for cloud deployments at the digital edge. This acquisition will strengthen the Cologix Platform with more space, power and connectivity in the region, while enhancing Cologix's market position as an interconnection leader. Customers on this campus will get access to Cologix Access Marketplace, which provides on-demand connectivity to onramps including Amazon Web Services® Direct Connect, Google Cloud Platform™ Interconnect, Microsoft® Azure ExpressRoute, IBM Cloud™ Direct Link and Oracle® Cloud Infrastructure FastConnect, as well as to many other cloud platforms and network services. Market Highlights:
The transaction, which is only subject to customary regulatory approvals, is expected to close in early Q2 2021. It will be funded through a combination of equity from our partner, Mubadala, and an increase to our debt facilities. About Cologix Inc. i Source: FRED Economic Research, 451Research, US Census Bureau, Census Reporter ii Source: FRED Economic Research, 451Research, US Census Bureau, Census Reporter iii https://datacenterfrontier.com/silicon-valley-data-center-market/ iv https://datacenterfrontier.com/silicon-valley-data-center-market/ View original content to download multimedia:http://www.prnewswire.com/news-releases/cologix-to-acquire-cloud-gateway-data-center-in-heart-of-silicon-valley-301268296.html SOURCE Cologix Inc. |