Everstream completes purchase of DataBank assets

Brett Lindsey Everstream.jpg

Everstream has completed the acquisition of 200 miles of fibre and the competitive local exchange carrier (CLEC) from DataBank.

The undisclosed deal will allow DataBank to focus on its core data centre and managed service offerings, while at the same time enabling Everstream to enter the Indianapolis market. First acquired by DataBank in 2018, the assets previously belonged to LightBound, a colocation, Internet, voice, network and cloud services provider.

“As DataBank continues to expand its national footprint of edge data centres in secondary markets with the addition of two world-class facilities in the Indianapolis market, the sale of our LightBound fibre/telecom assets to Everstream is consistent with our focus on providing high-quality colocation and cloud solutions to enterprise, cloud and content customers,” said Raul K. Martynek, CEO of DataBank. “At the same time, the transaction will accelerate Everstream’s ongoing expansion of its fibre footprint throughout the Indianapolis metro area, bringing substantial scale and resources to new and existing customers as our organizations set out to partner closely with each other now and into the future.”

According to Everstream, the deal forms part of its strategy “to provide reliable, high-bandwidth connectivity to enterprises in the Indianapolis metro area and throughout the Midwest.” Adding that the transaction enables it to “immediately able to provide connectivity” to more than 75 buildings in Indianapolis as well as in three of that city’s western suburbs.

Additionally, Everstream president and CEO Brett Lindsey (pictured) said that the company now offers “direct access to our more than 13,000 miles of fibre and connections to dozens of data centres throughout the Midwest.”

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