365 Data Centers expands with acquisition of Atlantic Metro
365 Data Centers has announced its acquisition of Atlantic Metro Communications, a company that provides tailored colocation, network and cloud services to large and mid-size enterprises.
The acquisition adds a data centre 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), in the Boston, New York, New Jersey, Philadelphia and Virginia metro markets and several international locations.
The company said 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 centres and five additional partner operated facilities, and from 86 PoPs and seven cloud platform locations.
“This transaction is a milestone event for both companies,” said 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.”
Atlantic Metro’s founders and key leaders will join the 365 executive team, reporting to DeSantis.
“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,” DeSantis continued.
“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 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.
“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.”