Sunday, July 10, 2011

Time Warner Cable to Build $100 Million Data Center in Charlotte, NC

Time Warner Cable, which serves more than 14 million customers mainly in North Carolina, South Carolina, New York, Ohio, southern California and Texas, will build its next generation, national data center in Charlotte, North Carolina. The $101 million project is expected to create 225 jobs over the next three years.

The project is supported in part by a state grant from North Carolina's Job Development Investment Grant program.

  • In February 2011, Time Warner Cable agreed to acquire NaviSite, a provider of enterprise-class hosting, managed application, messaging and cloud services, for $5.50 per share in cash, or a total equity value of approximately $230 million. The deal represented a 33% premium to NaviSite's Tuesday's closing price.

    NaviSite operates ten data centers in the United States and the United Kingdom, including two SAS 70 Type II certified data centers, and network operations centers in Gurgaon, India and Andover, Massachusetts. It employs approximately 570 people worldwide. The company has approximately 1,200 customers and reported US$126 million in revenue for fiscal year 2010 (ending 7/31/10).

  • Companies with major data center projects underway in North Carolina include Apple, Google, Facebook and others.