In an effort to meet the increasing demand for data center services, DataBank, a leading provider of colocation and managed services, has recently completed seven expansion projects across the United States. These strategic expansions have not only added significant power capacity, but also increased the available floor space, enabling DataBank to accommodate the growing needs of its customers without requiring costly relocations.
Expansion projects: Adding power and floor space
The completion of these seven expansion projects marks a significant milestone for DataBank. With the addition of over 15MW of power and 114,000 square feet (10,590 sqm) of raised floor space, DataBank can now provide its customers with state-of-the-art infrastructure to support their critical applications and workloads. By increasing power capacity and floor space, these expansions allow organizations to scale their compute resources without the inconvenience and disruption of moving to a new data center.
Benefits for organizations
For organizations planning to deploy or expand their operations within DataBank’s data centers, these expansions offer numerous advantages. The increased floor space allows for seamless growth, ensuring that organizations can scale up their infrastructure as their business demands evolve. By eliminating the need for costly relocations, organizations can focus on their core objectives and streamline their IT operations more efficiently.
Recent developments: EdgePresence and French data centers
In a recent strategic move, DataBank sold EdgePresence, a leading Edge data center firm, as well as five French data centers. This decision was part of Backer DigitalBridge’s recapitalization efforts, which included selling a stake in DataBank to investment firms Swiss Life Asset Management AG, EDF Invest, and IMCO. These developments have positioned DataBank for further growth and expansion, enabling the company to concentrate on its core business of providing robust and scalable data center solutions.
Funding and expansion program
To fuel its expansion program, DataBank issued $715 million of secured notes earlier this year, marking its third securitization offering since 2021. The proceeds from this offering have played a crucial role in funding DataBank’s recent expansion projects. With a sound financial foundation, DataBank is well positioned to continue its growth trajectory and meet the evolving needs of its customers.
Overview of DataBank’s data center portfolio
DataBank currently operates an impressive network of 74 data centers across the United States. With a combined raised floor space of 2.79 million square feet (259,471 sqm) and a power capacity of 378MW, DataBank offers extensive options for organizations seeking secure and reliable data center solutions. These expansions contribute to DataBank’s commitment to delivering high-performance infrastructure and supporting the increasing data storage and processing requirements of businesses across various industries.
DataBank’s completion of seven expansion projects, adding substantial power capacity and floor space, demonstrates the company’s dedication to meeting the evolving needs of customers in the data center market. The added capacity enables organizations to grow their computing resources seamlessly, eliminating the need for disruptive relocations. Furthermore, recent strategic moves and the allocation of funding have solidified DataBank’s position as a leading provider in the industry. With a comprehensive portfolio of data center services and a strong commitment to customer satisfaction, DataBank is well-equipped to support businesses’ data storage and processing demands and foster their continuous growth.