Digital Realty makes strategic investment in AtlasEdge

Oct 15, 2021 | Posted by AbdulRahmanOladimeji

Digital Realty has reached an agreement to make a strategic investment in AtlasEdge Data Centres. The investment will also see Digital Realty’s Executive VP, Strategic & Business Segments, Giuliano Di Vitantonio, join AtlasEdge as CEO, starting January 2022. AtlasEdge delivers smooth, localized, and ultra-low latency digital infrastructure from a vast network of over 100 facilities in Europe.

Chief Technology Officer at Digital Realty, Chris Sharp, said AtlasEdge is becoming a major partner to businesses in Europe. He added that Digital Realty is happy to partner with them to meet the demands of the European region. Sharp also expressed his satisfaction about Giuliano Di Vitantonio joining AtlasEdge as CEO.

Digital Realty's Press Release on October 14, 2021

AUSTIN, Texas, Oct. 14, 2021 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has reached an agreement to make a strategic investment in AtlasEdge Data Centres, a European edge data center provider.  In conjunction with the investment, Giuliano Di Vitantonio, Executive Vice President, Strategy & Business Segments at Digital Realty, will join AtlasEdge as Chief Executive Officer, effective January 2022.  

AtlasEdge delivers seamless, localized and ultra-low latency digital infrastructure through an extensive network of more than 100 facilities across Europe located close to consumer and enterprise end users, at the edge of the last-mile network.  The company aims to serve the growing demand from cloud providers, streaming services and enterprises for high-performance, scalable and secure facilities through which they can distribute low-latency applications and services such as 5G, gaming and IoT. 

AtlasEdge is an ideal partner for Digital Realty's edge strategy, given the unique last-mile network reach of AtlasEdge's assets in addition to their highly distributed reach across Europe.  As interconnection and other data center solutions move towards the edge, Digital Realty's expertise in designing and operating solutions at scale enhances the value of partnerships for both parties. 

"AtlasEdge is quickly becoming a key partner to businesses across Europe, and we are pleased to partner with them to meet the needs of this important region, and to advance our edge strategy as the market develops," said Digital Realty Chief Technology Officer Chris Sharp.  "Our global edge strategy includes partnering with key players around the world, and we are excited for AtlasEdge to accompany us on the journey with their unique assets and strong market position.  We are also pleased that Giuliano, who has been a key contributor to our global strategy, will lead AtlasEdge's promising growth trajectory going forward." 

Mr. Di Vitantonio added, "It has been a privilege to help develop and strengthen Digital Realty's customer relationships and industry-leading innovation, and I'm excited to continue working alongside the company, leveraging its unparalleled data center expertise to fuel AtlasEdge's growth."  

The transaction is anticipated to close by the end of the year.  

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