Minneapolis St Paul News

EdgeConneX will be acquiring Israeli-based Global Data Center (GDC). Global Data Center was founded in 2013, and it operates two data centers in Petah Tikva and Herzliya, near Tel Aviv. The Petah Tikva and Herzliya facilities have 64,600 square feet and 48,400 square feet, respectively. GDC re...

Flexential has made a leaseback agreement with Legacy Investing and Invesco Real Estate for its data center facility in Plano. The deal will see Flexential add 130,000 square feet to its existing space, which means it will be doubling its capacity with the expansion. None of the companies disc...

Lumen Technologies has announced that it is selling its current local exchange carrier (ILEC) business in 20 states for $7.5 billion. The firm will be selling the business to Apollo Funds. Lumen Technologies currently operates the ILEC business under the CenturyLink name, and the business incl...

Lumen Technologies has announced the sale of its entire Latin American business to Stonepeak Infrastructure Partners. The sale is said to be worth $2.7 billion. Australia’s largest pension fund, AustralianSuper, is also investing funds in the deal with Stonepeak. The current leadership team of...

DataBank has announced that it has purchased an existing land and building in Denver. The land and building acquired would be DataBank’s home for its fifth data center in Denver. This facility is located at 6961 S. Quentin Street in Centennial, CO. DataBank says the facility will help it meet ...

Cyxtera is joining the industry-wide push for a carbon-neutral future with the announcement of its selection of NextEra Energy Resources to supply its renewable energy. As part of this partnership, NextEra will also “advise, support, and accelerate” Cyxtera’s efforts to increase its use of re...

Unisys says it will be closing two of its data centers in New Zealand in 2022. The two data centers in question are the Kapiti and Auckland data centers. According to Reseller News, the Company said since new technologies evolve, it has to evolve too. Unisys was also quoted to have said, “The ...

Cyxtera has announced that it is expanding its data center data footprint in Silicon Valley and Chicago. This includes the leasing of a 9MW data center based in Santa Clara, which offers 121,000 sq ft across four floors. In addition to this, the company is also adding around 1.6 MW of capacity...

EdgeConneX has announced that it will add almost 20MW of new capacity across six of its data centers in North America. The facilities that will benefit from this expansion are Seattle, Portland, Phoenix, Miami, Detroit, and Chicago.According to Phillip Marangella, Chief Marketing Officer at Ed...

Colocation provider DataBank will issue $658 million of secured notes. The new securitization notes will refinance DataBank's existing credit facility. This securitization and refinancing of previous loans adds more than $200M in liquidity to DataBank's balance sheet, providing funding for gen...

Cyxtera Technologies has announced it has agreed to a $3.4 billion acquisition by Starboard Value Acquisition Corp (SVAC). SVAC is a SPAC, which stands for "special-purpose acquisition company." SPACs have become popular vehicles to raise public money and then acquire real operating businesses...

DataBank has closed deal to acquire 45 of Zayo's data centers across 20 markets in the US and UK. A second closing for zColo’s data centers in France is expected to be completed in Q1 2021. The deal instantly transforms Databank into a large player in the colocation market. With zColo's facili...

DataBank will acquire Zayo's zColo division for $1.4 billion. The deal includes the sale of 44 data centers in more than 20 markets across the United States and Europe. The transaction is expected to close in December 2020. Once closed, DataBank will operate 1.1 million square feet of data cen...

Cologix has announced it has acquired vXchnge's 16,000 square foot data center in the 511 Building in Minneapolis. The move further strengths Cologix's dominant position in the building. The company's press release is below. Previously in 2015, vXchnge acquired the site from SunGard.Cologix Pr...

The Swedish investment firm EQT AB has announced that it acquired the US-based colocation company EdgeConneX. EdgeConneX has a global footprint, operating over 40 facilities in 33 markets across North America, Europe and South America and continues to expand after being founded a decade ago.  ...

DALLAS, Jan. 6, 2020 /PRNewswire/ -- DataBank, a leading provider of enterprise-class data center, connectivity and managed services, today announced that Colony Capital (NYSE: CLNY) has made a $185 million investment into DataBank through the purchase of secondary equity interests from existi...

Chris Bair has joined Stream Data Centers as the SVP of Sales and Leasing. Bair, who has arguably the quickest wit in the industry, has over 20 years of experience in the sector. Bair started his career as a Pilot and Captin in the US Air Force. Had a stint at Time Warner Telecom before joinin...

Cyxtera Technologies has announced that founder and CEO Manuel D. Medina has been elevated to the position of Executive Chairman for both Cyxtera and its recently announced AppGate spin-out. Current Cyxtera President and Chief Operating Officer Nelson Fonseca has been promoted to the role of C...

WAYNE, Pa – Sungard Availability Services (Sungard AS) named Terrence J. (TJ) Anderson as its new executive vice president and chief financial officer, and Brian Crotty as its new executive vice president and chief commercial officer. “TJ is a results-oriented senior executive with a wide brea...

According to Bloomberg, Sungard Availability set a record for the fastest bankruptcy. The company filed for Chapter 11 protection on Wednesday May 1st, 2019 and emerged 20 hours later with an approved reorganization plan which reduces its debt and allows Sungard to continue to operate its busi...