Root Data Center gets $90 million in new financing
01 November 2017 | Natalie Bannerman
Root Data Center has secured $90 million in financing from Goldman Sachs enabling it to expand into new regions and meeting growing customer demands.
The news comes as Root says that it is experiencing high demands for expansion from new and existing customers additionally the new capital underscores the company’s mission to continually provide cutting edge colocation services by having the best infrastructure, low-cost, green energy solutions and strict security standards.
Commenting on the news, AJ Byers, president and CEO of Root Data Center, said: "Root Data Center is actively positioning itself to meet the ongoing demand for data center space in Montreal at a time when major cloud providers are seeking more colocation services in the Canadian market, and multinational companies are identifying the many business and economic advantages the province of Quebec has to offer for data hosting. This funding improves Root's financial strength and long-term stability, enabling the company to enter new regions and markets, complete facility expansions, and properly invest in capacity to better serve demand from growing business sectors such as the retail segment."
Root currently runs two data centers in Greater Montreal, the facilities are carrier neutral and designed to achieve market leading energy efficiency. Located along one of the most heavily-trafficked routes on the internet connecting Europe with the US, Root’s data centres are ideally positioned to ensure low-latency connectivity for international business operations.
In an exclusive interview with Capacity Byers said: “On top of cost-effective data centres we’ve created new design and construction methodologies. This allows us to deploy Tier 3 level data centres at a lower cost than many of our competitors. We’re leveraging a new technology called Kyoto Cooling which has power utilisation effectiveness of 1.17. This reduces the amount of power that is consumed by our customers, producing a low-cost service in the data centre market for enterprises and small businesses.”
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