365 Data Centers buys Atlantic Metro for East Coast expansion

Nov. 17, 2020
Both companies operate largely on the U.S. East Coast, although the deal does open new markets for 365 Data Centers.

Colocation and infrastructure-as-a-service (IaaS) provider 365 Data Centers says it has acquired another colocation and network services company, Atlantic Metro Communications, for an undisclosed sum. Both companies operate largely on the U.S. East Coast (see, for example, "Atlantic Metro and InfoRelay announce merger"), although the deal does open new markets for 365 Data Centers.

For example, the purchase adds a data center facility in Herndon, VA, as well as partner-operated colocation space and available power in northern Virginia and Los Angeles. 365 Data Centers says it will gain 65 points-of-presence (PoPs), particularly in the Boston, New York, New Jersey, Philadelphia, and Virginia metro markets as well as in “several” international locations. The company also gains cloud platforms in New York, New Jersey, Virginia, Miami, and Los Angeles. Overall, 365 will be able to serve customers at 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,” commented Bob DeSantis, CEO 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.”

Several executives from Atlantic Metro will join 365 Data Centers, all reporting to DeSantis. They include Stephen Klenert, now senior vice president, customer solutions and implementation; James Cornman, now CTO; and Steve Oakie, newly named senior vice president, sales and marketing.

Stonecourt Capital purchased 365 Data Centers last month (see "Stonecourt Capital buys 365 Data Centers"). 365 noted in the announcement of this latest acquisition that the involvement of Stonecourt provided "substantial financial resources to fund its internal and external growth strategies."

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