365 Data Centers Acquires Atlantic Metro

365 Data Centers Acquires Atlantic Metro

365 Data Centers, a leading provider of network-centric colocation and other Infrastructure-as-a-Service (IaaS) solutions, announces its acquisition of Atlantic Metro Communications, which provides tailored colocation, network and cloud services to large and mid-size enterprises. While continuing to build 365’s presence in the data-intensive northeast corridor, the transaction solidifies 365’s position as one of the largest, privately held IaaS providers in the Eastern U.S.

The acquisition adds a data center facility in Herndon, Virginia, along with partner operated colocation space and available power in northern Virginia and Los Angeles. The transaction delivers 65 additional network points-of-presence (PoPs), particularly in the Boston, New York, New Jersey, Philadelphia and Virginia metro markets and several international locations. The deal also contributes cloud platforms in New York, New Jersey, Virginia, Miami and Los Angeles. 365 is now positioned to serve customers at its 13 redundantly interconnected data centers and 5 additional partner operated facilities, and from 86 PoPs and 7 cloud platform locations.

“This transaction is a milestone event for both companies,” says Bob DeSantis, Chief Executive Officer of 365 Data Centers. “365’s acquisition of a highly respected business with a track record of providing customers with high touch, hybrid infrastructure solutions is a tribute to Atlantic Metro’s management and employees, who will become part of the 365 team. For 365, this acquisition expands our geographic and infrastructure footprint, complements our existing IaaS offerings, and significantly increases our customer base, revenue, and cash flow – all of which greatly benefits our customers. 365 remains strategically disciplined with a focus on network-centric colocation assets and complementary network and virtual services in edge markets within the northeast quadrant of the United States, Tennessee and Florida.”

Atlantic Metro’s founders and key leaders will join the 365 executive team, reporting to DeSantis. Stephen Klenert has been named 365’s Senior Vice President, Customer Solutions & Implementation; James Cornman becomes 365’s Chief Technology Officer; and Steve Oakie joins 365 as Senior Vice President, Sales & Marketing. “The product knowledge and expertise of these industry veterans will be invaluable as we quickly integrate into one, robust 365 brand,” comments DeSantis.

“Since 2011, we’ve built a company that we’re very proud of and did it without a lot of capital,” says Matthew Lombardi, CEO of Atlantic Metro. “This transaction will enable continued growth through increased investment in infrastructure and managed services. 365 has a talented team of experienced investors, operators, and technologists who share our vision and bring enterprise-scale resources. This combined technology platform provides 365 with an advantage at an exciting time in our industry.”

The Atlantic Metro acquisition continues 365’s rapid growth trend. Over the last year, the company acquired colocation businesses and facilities in New Jersey and Long Island. Last month, 365 announced that Stonecourt Capital acquired a majority stake in the company and original investors Lumerity Capital and Longboat Advisors reinvested into the new partnership. That transaction provided 365 with substantial financial resources to fund its internal and external growth strategies.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to Atlantic Metro. Shipman & Goodwin LLP and Polsinelli PC served as legal counsel to 365, and Ferdinand IP served as legal counsel to Atlantic Metro. Affiliated funds and accounts of Cerberus Business Finance, Everberg Capital, and ORIX Corporation USA’s Special Opportunities Group provided financing for the transaction.

About 365 Data Centers

365 Data Centers is a leading network centric colocation provider operating 13 carrier-neutral data centers located in strategic, primarily edge markets. We offer a comprehensive suite of solutions that includes secure and reliable edge colocation, nationwide network connectivity, cloud compute and storage, DRaaS, BaaS, and business continuity services.

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Stonecourt Capital Acquires 365 Data Centers

Original Investors Lumerity Capital and Longboat Advisors Remain Onboard, and 365’s Management Team, including CEO Bob DeSantis, Will Continue Operating the Company

Norwalk, CT – October 6, 2020 – 365 Data Centers (“365” or the “Company”), a leading provider of hybrid data center solutions, today announced that Stonecourt Capital LP (“Stonecourt”) has acquired the Company and original investors Lumerity Capital and Longboat Advisors have reinvested into the new partnership. Under the leadership of the Company’s Chief Executive Officer, Bob DeSantis, 365 has developed into one of the largest privately owned data center solutions providers offering a comprehensive set of services to over 650 customers in the eastern United States. 365 currently operates 230,000 square feet of data center space and 22 MW of available power, along with a fully redundant 100G network interconnecting its 12 data centers, 21 other points of presence, and over 400 peering partners.

Mr. DeSantis will continue to lead the Company as CEO, a Board member, and investor. He has led the transformation of the Company from a strictly colocation business operating 8 data centers with an aggregate of 125,000 square feet and 9MW of available power, into a network-centric, full-service, hybrid data solutions provider. Since inception in 2017, the Company has acquired, financed, and fully integrated four complementary businesses. 

“We are pleased to welcome Stonecourt as a partner in 365 Data Centers,” said DeSantis.  “Stonecourt has a proven reputation of supporting growth businesses with financial and strategic resources, and we are excited to partner with them to foster the next phase of the Company’s expansion. The 365 team will remain fully intact, and this partnership will enhance our ability to execute on our organic and acquisition growth strategies. On behalf of the entire 365 team, I want to thank our outgoing investors, Chirisa Investments and Turning Rock Partners, and our outgoing Board members Colm Piercy and Maggie Arvedlund, who have supported the Company and me since the beginning.”

Lance Hirt, Managing Partner at Stonecourt, commented, “We are very impressed by the portfolio of data center and fiber assets that Bob and the 365 team have successfully integrated. The Company’s blue chip enterprise and carrier customer base creates a unique platform. We are excited to partner with Bob, Lumerity Capital, Longboat Advisors, and the 365 team to deploy significant additional capital to accelerate the Company’s growth trajectory. We are already engaged on several near-term acquisition opportunities which will meaningfully enhance the Company’s service offerings.”

Matt Kim, Managing Partner of Lumerity Capital and a continuing Board member of 365, stated, “This transaction represents an important milestone for the Company as it recognizes the unrivaled achievements of the team to significantly scale and transform the business into a leading provider of hybrid data infrastructure services. We look forward to partnering with Stonecourt to support Bob and the 365 team in executing on the Company’s growth strategy and in enhancing the Company’s value to its customers.”

Bank Street Group LLC served as exclusive financial advisor to both 365 Data Centers and Stonecourt Capital in connection with the transaction. Shipman & Goodwin LLP acted as legal counsel to 365, and Polsinelli PC acted as legal counsel to Stonecourt. 

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About 365 Data Centers

365 Data Centers is a leading provider of hybrid data center solutions in 12 strategic, primarily edge, markets. With Data Centers in Boca Raton, Bridgewater (New Jersey), Buffalo, Chicago, Commack (Long Island), Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City, and Tampa, the Company operates facilities aggregating 230,000 square feet and 22 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network.

365’s robust, carrier neutral ecosystem and secure, reliable edge colocation, network, IP, DRaaS, BaaS, cloud compute and storage, and business continuity services help organizations reduce costs, drive innovation, and improve their customer experience. 365 Data Centers supports mission-critical application infrastructure by providing industry leading Service Level Agreement protections and adhering to industry standards such as HIPAA, PCI DSS, SOC 1 Type 2, SOC 2 Type 2, SSAE 18, and ISAE 3402. 365 Data Centers’ corporate office is located in Norwalk, Connecticut.

Visit 365datacenters.com for more information.

About Stonecourt Capital

Stonecourt Capital is a private investment firm focused on providing financial and strategic resources to facilitate the transformational growth of companies across a broad array of industries. Stonecourt is backed by some of the largest family offices, sovereign wealth funds, and other institutional investors. Over the last 20 years, its team has invested over $4 billion of equity capital, partnering with exceptional managers in the growth of their companies. Stonecourt’s flexible mandate allows it to customize the term and structure of each investment to create a bespoke solution for sellers, management teams, and strategic partners.

About 365 Data Centers

365 Data Centers is a leading network centric colocation provider operating 13 carrier-neutral data centers located in strategic, primarily edge markets. We offer a comprehensive suite of solutions that includes secure and reliable edge colocation, nationwide network connectivity, cloud compute and storage, DRaaS, BaaS, and business continuity services.

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Enhanced Available Power at our Tampa Data Center

365 Data Centers Significantly Enchances Available Power at its Tampa Data Center

365 Data Centers, a leading Infrastructure-as-a-Service provider in 12 primarily edge markets for carrier, content and enterprise customers, announces the addition of a new 4,000 amp Direct Current (DC) plant at its Tampa, Florida facility. 365 Data Centers has upgraded its DC power system with a new Vertiv NetSure 8000 4,000-amp A&B DC plant with expansion capacity up to 16,000 amps. The new system is both efficient and reliable, allowing for expansion without any downtime to the customer, and it offers state-of-the-art digital continuity, which enables remote monitoring and seamless adjustments to customer loads.

“The newly installed power system almost doubles the capacity of the former plant, allowing for larger DC power deployments, while ensuring that our clients’ data stays protected and accessible no matter the circumstances, which is our highest priority,” said Sam Zurzolo, 365 Data Centers’ VP, Data Center Operations. “This new plant will enable our carrier, content and enterprise customers to continue to grow and expand with 365 Data Centers, easily scaling without interruption.”

365’s network-centric colocation facility, located at 655 North Franklin Street in the heart of downtown Tampa, features redundant power, cooling, connectivity and 24/7/365 security. With access to 25 different carriers, the data center allows customers to choose the connectivity and services that best meet their requirements and tap into the Tampa Internet Exchange. Features at this location include 31,000 total square feet, 1.6 MW of available power, DC power A and B options, direct connectivity to 25 carriers, and 365’s fully redundant, interconnected network. Like all 12 of 365’s data centers, the Tampa facility is HIPAA, PCI DSS, SSAE 18, SOC 2 and ISAE 3402 compliant.

Click here for more information on 365 Data Centers and the Tampa facility.

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About 365 Data Centers:

365 Data Centers is a leading provider of hybrid data center solutions in 12 strategic, primarily edge, markets. With data centers in Boca Raton, Bridgewater (New Jersey), Buffalo, Chicago, Commack (Long Island), Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City, and Tampa, the Company operates facilities aggregating 230,000 square feet and 21.6 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network.

365’s robust, carrier neutral ecosystem and secure, reliable edge colocation, network, IP, DRaaS, backup, cloud compute and storage, and business continuity services help organizations reduce costs, drive innovation, and improve their customer experience. 365 Data Centers supports mission-critical application infrastructure by providing industry leading Service Level Agreement protections and adhering to industry standards such as HIPAA, PCI DSS, SOC 1 Type 2, SOC 2 Type 2, SSAE 18, and ISAE 3402. 365 Data Centers’ corporate office is located in Norwalk, Connecticut.

Visit www.365datacenters.com for more information.

365 Data Centers’ Tampa Facility Contact:

Curtis Dwyer

Tampa Facility Site Manager

[email protected]

DC Plant Vendor – AET, LLC Contact:

Joseph Sweeley

Electrical Engineer

[email protected]

 

About 365 Data Centers

365 Data Centers is a leading network centric colocation provider operating 13 carrier-neutral data centers located in strategic, primarily edge markets. We offer a comprehensive suite of solutions that includes secure and reliable edge colocation, nationwide network connectivity, cloud compute and storage, DRaaS, BaaS, and business continuity services.

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Ongo Homes of your back office systems provides 10,000 homes for people

Overview

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Tenet has remained constant: we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Problems

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Challenge

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Solution

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Ongo Homes of your back office systems provides 10,000 homes for people

Overview

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Tenet has remained constant: we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Problems

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Challenge

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Solution

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Virtual environment in order to scale up their back office of your back office systems

Overview

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Tenet has remained constant: we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Problems

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Challenge

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Solution

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Ongo Homes of your back office systems provides 10,000 homes for people

Overview

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Tenet has remained constant: we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Problems

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Challenge

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Solution

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Virtual environment in order to scale up their back office of your back office systems

Overview

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Tenet has remained constant: we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Problems

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Challenge

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Solution

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Ongo Homes of your back office systems provides 10,000 homes for people

Overview

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Tenet has remained constant: we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Problems

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Challenge

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Solution

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Virtual environment in order to scale up their back office of your back office systems

Overview

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Tenet has remained constant: we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Problems

Sure, the technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Challenge

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.

Solution

Technology has come a long way since then, and the variety of the information objects we’re managing has changed a lot, but one tenet has remained constant we’ve always focused on the intersection of people, processes, and information. As the Association for Intelligent Information Management, we help organizations put their information to work.