CentralColo appoints new CEO to lead expansion plans
Investment company Safanad has made a “significant investment” – but undisclosed – in Silicon Valley data centre operator CentralColo in readiness for expansion plans.
At the same time CentralColo has appointed a new CEO, Ken Parent, former CEO of ByteGrid.
CentralColo, founded in 2015, is an operator of data centres offering both retail and wholesale services to a global client base. Its first facility is in the heart of Silicon Valley providing colocation services to a broad array of customers.
Craig Kahler, director of private equity at Safanad who has joined the board of CentralColo, commented: “CentralColo will be well capitalised to support the growth of its current operations in Silicon Valley as well as new locations to meet the needs of the growing client base. We are thrilled to work with Ken Parent and the rest of the management team.”
Parent added: “Our partners have funded our growth strategy and support both our organic growth and strategic asset acquisition plans. This is a great opportunity to expand upon our customer centric model that focuses on offering scalable data and compute centre solutions.”
Norman Villarina, managing partner at Industry Capital, which has funded CentralColo since last year, added: “Our expansion plans are well supported by Ken joining us as CEO as he not only brings significant expertise in managing and acquiring data centres, but also significant skills in leading the growth of organizations.”