May 12, 2022 | Posted by Abdul-Rahman Oladimeji | Switch SUPERNAP
DigitalBridge Group and IFM Investors have entered an agreement with Switch to take it private. The deal to take the US data center company private is worth $11 billion. The CEO and Founder of Switch, Rob Roy, said the development is a crucial moment in the company’s vision for its evolution a...
Mar 22, 2022 | Posted by Abdul-Rahman Oladimeji | Switch SUPERNAP
According to Bloomberg, Switch Inc. is mulling over different strategic options, including a potential sale. Reports show that the firm is working with advisers to determine the best option. The company is currently valued at over $7 billion. Cowen analysts wrote to clients earlier in the mont...
Jul 24, 2021 | Posted by Abdul-Rahman Oladimeji | GlobalConnect A / S
The data center industry is a multibillion-dollar industry. According to Gartner, end-user spending on data center infrastructure for 2020 was $188 billion, a 10.3% decrease from 2019’s spending. With these figures, we can reach a consensus that there’s a massive market available for data cent...
Jun 02, 2021 | Posted by Bob Tester | Switch SUPERNAP
Switch will borrow $500 million to pay for its recent acquisition of Data Foundry for $420 million. Switch will be borrowing $500 million in senior notes. Senior notes are less risky, and the lender gets to pay lower interest. However, senior notes are a priority over other types of debt. Thi...
May 03, 2021 | Posted by Bob Tester | Data Foundry
Switch will acquire Data Foundry for $420m in an all-cash transaction. The acquisition is expected to close by mid-2021 if it meets all customary closing conditions. Data Foundry has three highly connected data centers in Austin with an expansion capability of up to 44 MW. It also has one data...
Jun 25, 2019 | Posted by Bob Tester | Switch Las Vegas CORE Campus
Switch held a groundbreaking ceremony that included Governor Steve Sisolak and CEO Rob Roy. The company is expanding near it's existing CORE campus in Las Vegas. The expansion will add up to 1.1 million square feet and 115 megawatts of power capacity to the existing campus. Read More: ReviewJ...
Apr 02, 2018 | Posted by Bob Tester | Switch SUPERNAP
Switch and Rackspace announced a new agreement to deliver Rackspace private cloud solutions and connectivity to managed public cloud solutions on AWS, Azure and Google in Switch’s highly secure and reliable Tier 5® Platinum data center PRIME locations. The agreement builds on Rackspace’s Fanat...
Jun 15, 2017 | Posted by Bob Tester | Switch Las Vegas 10
LAS VEGAS – Switch, the global technology solutions corporation that is powering the future of the connected world™, today announced the opening of its LAS VEGAS 10 data center, a Switch MOD 250 (Modularly Optimized Design), at Switch’s Core Campus. The Switch MOD 250 is designed, constructe...