Showing posts with label Vantage. Show all posts
Showing posts with label Vantage. Show all posts

Thursday, February 14, 2019

Vantage Data Centers raises $675M in debt and equity financing

Vantage Data Centers, which operates wholesale data centers in six strategic markets (Silicon Valley; Northern Virginia; Phoenix; Quincy, Washington; Montreal and Quebec City, Canada), raised more than $180 million in equity capital from existing investors and approximately $495 million in debt financing.

Vantage plans to use the funds for various growth initiatives, including the 4Degrees Colocation acquisition that closed in January and the build-out of the first data center on the company’s second campus in Santa Clara.

“The capital we raised over the last 90 days will help fund the explosive growth we’re experiencing and anticipate seeing throughout 2019 and beyond,” said Sharif Metwalli, CFO, Vantage Data Centers. “We have been executing on our growth and development and are well prepared to continue our current trajectory. This capital accelerates the funding of our long-term strategic plan.”

Friday, January 25, 2019

Vantage Data Centers complets acquisition of 4Degrees Colocation

Vantage Data Centers completed its previously announced acquisition of Canadian-based 4Degrees Colocation from Videotron for approximately US$200 million (C$259 million).

4Degrees operates two facilities in Montreal and Quebec City. The two data centers are Tier III Design and Construction certified, which highlights the facilities’ exceptional quality and reliability, by the Uptime Institute, an independent organization.

Vantage plans significant expansion projects in both markets to accelerate 4Degrees’ original plans to bring total capacity up to 31MW.

Thursday, January 3, 2019

Vantage Data Centers to acquire 4Degrees Colocation from Videotron

Vantage Data Centers agreed to acquire Canadian-based 4Degrees Colocation from Videotron for approximately US$200 million (C$259 million).

4Degrees operates two facilities in Montreal and Quebec City. The two data centers are Tier III Design and Construction certified, which highlights the facilities’ exceptional quality and reliability, by the Uptime Institute, an independent organization.

Vantage plans significant expansion projects in both markets to accelerate 4Degrees’ original plans to bring total capacity up to 31MW.

“Based on extensive dialog with our customers, Vantage identified Montreal and Quebec City as highly attractive markets due to low power costs, tax incentives and excellent fiber connectivity,” said Sureel Choksi, president and CEO, Vantage Data Centers. “The 4Degrees acquisition will accelerate our expansion into these markets, enabling Vantage to better serve hyperscale, cloud and enterprise customers across five strategic geographies. We are thrilled to welcome the 4Degrees team, which shares our commitment to operational excellence, high-quality facilities and sustainable building practices.”

Thursday, September 6, 2018

Vantage Data Centers completes Santa Clara data center -- 75MW

Vantage Data Centers completed construction of its final data center at its Santa Clara, California campus, known as V5. The new four-story addition adds 15MW of critical IT load, bringing the campus total to 75MW. This campus is the largest in Silicon Valley. The addition also features a new cooling system that uses a combination of outside air and a chilled water loop, which uses recycled water and modular chiller and dry-cooler technology designed to minimize water usage while maintaining ultra-low PUEs. The water loop also utilizes non-potable grey water, further reducing impact on local water resources. The facility also supports both traditional and high-density data center designs.

“Silicon Valley continues to be a vital and strategic market for our customers,” said Vantage President and Chief Executive Officer Sureel Choksi. “With the final facility on our first Santa Clara campus complete, and construction of our 69MW Matthew Street campus also in Santa Clara well underway, Vantage can support the growth of enterprises, cloud and hyperscale customers well into the future.”

Vantage is also building a new 42-acre, 108MW campus in Ashburn, Virginia. The first 24MW building, which will provide 6MW of initial capacity on this completely new campus, is scheduled to be completed in early 2019.

The new expansion contains several features designed to enhance sustainability while maintaining a low total cost of ownership.

Wednesday, October 11, 2017

Vantage plans $1 billion data centre in Ashburn

Vantage Data Centers announced plans to invest $1 billion to build a brand-new 108MW wholesale data center campus in Ashburn, Virginia. The company has already purchased a 42-acre property for the project.

The new facility will be larger than Vantage's campuses in Silicon Valley and Quincy, Washington. The new facility is less than two miles away from Mae East (Equinix). The company 8, with a five-building design. The first 24MW building  will be ready in early 2019.

Friday, August 5, 2016

Vantage Data Centers Plans Second 9-acre campus in Santa Clara

Vantage Data Centers plans to build a new, 9-acre campus in Santa Clara, California. The newly announced expansion will deliver 51MW of critical IT load. This increased capacity is in addition to a 21MW expansion of the existing campus (V5 and V6), which was announced in May of 2016.

The new 9-acre site is located approximately 2 miles from Vantage's existing Santa Clara campus. The company anticipates four separate data center buildings and a dedicated substation, with construction starting on the site in 2017. Capacity will be delivered in phases, beginning in 2018.

“Today’s 51MW new campus announcement underscores Vantage’s strong commitment to supporting our customers’ long term growth in Santa Clara”, said Sureel Choksi, President and CEO, Vantage Data Centers. “When combined with the 21MW planned expansion of our existing campus, Vantage has secured 72MW of total expansion capacity in this highly constrained market, solidifying its position as Santa Clara’s leading wholesale data center services provider.”

Some company highlights:


  • Vantage’s $295M bank facility upsizing, completed in February 2016, increased the credit facility to $570M in total and will support continued growth and expansion.
  • Vantage has 15MW of capacity under construction at its first Santa Clara campus, including its new 6MW V4 facility, all of which are scheduled for completion by fall of 2016. Total campus operational critical IT load will be 51MW by the end of 2016.
  • Vantage has initiated development of 21MW of additional expansion on its first Santa Clara campus, which will deliver capacity in phases beginning in the second half of 2017.


http://www.vantagedatacenters.com/2016/08/04/vantage-continues-santa-clara-growth-with-new-51mw-data-center-campus/

See also