Hyper-Converged Infrastructure, Windows Systems and Network
businesswire | July 17, 2023
StratCap announce today that in Q2 2023 the Company acquired nearly $90 million of essential digital infrastructure assets including 13 cell towers and a data center.
The 13 cell tower acquisitions included both individual and portfolio transactions with towers located throughout Missouri, Wisconsin, Florida, Tennessee, and New York. Primary tenants on the towers include the three major broadband carriers, AT&T, Verizon and T-Mobile, as well as Dish, Wisconsin Electric Power Company, Wisconsin Power & Light, and an AT&T affiliate that supports AT&T’s First Net Network, which is dedicated to first responders (police, fire, rescue, etc.). Todd Rowley, head of StratCap’s Wireless Infrastructure Platform stated, “The ongoing deployment of 5G networks and continuous increases in mobile data usage are catalyzing both growth and investor appetite in what we believe is a very resilient sector.”
The Company also acquired a 127,000 square foot data center in Toronto, Canada. The facility boasts two premier credit-rated tenants, ready access to rich fiber connectivity and 10MVA of installed critical capacity, with plans to increase to 27MVA. The acquisition was part of an institutional joint venture wherein StratCap took a minority stake in the property, yet led the acquisition process and will continue to manage the overall facility. Bryan Marsh, head of StratCap's Global Data Center Platform commented, "This is a mission critical facility that plays a vital role in the digital economy. We are excited to align ourselves with a valued institutional partner to participate in such a dynamic asset with in-place rental income, exceptional tenants, and a value-add growth opportunity though potential expansion."
StratCap remains bullish on digital infrastructure given demand drivers like the increasing number of connected devices, growing mobile data usage, the essential role of connectivity in our lives, and new technologies like 5G, autonomous cars, artificial intelligence, and more. Jim Condon, Managing Partner of StratCap, stated, “Digital transformation is moving deeper into all aspects of the global economy and our personal lives. Digital infrastructure assets like cell towers, data centers, fiber networks, and the like, play a mission critical role in making it all work, as well as creating a solid, scalable foundation for the future.”
About StratCap
StratCap is a privately held, global investment management platform committed to providing access to dynamic asset classes and highly experienced investment professionals. The company is focused on a wide range of digital economy assets with an emphasis on digital infrastructure, sustainability, and technology-centric sectors. StratCap Wireless is an affiliate company focused on acquiring, developing, and managing a variety of telecommunications infrastructure assets that support mobile communications, internet connectivity and data storage.
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Hyper-Converged Infrastructure, Storage Management
businesswire | August 09, 2023
365 Data Centers, a leading provider of network-centric colocation, cloud solutions, and network connectivity, announces enhanced business continuity capabilities to serve customers at its data center facilities in two regional markets: Smyrna/Atlanta, Georgia, and Marlboro/Boston, Massachusetts.
Both dedicated and shared space along with connectivity at these facilities has been significantly improved. This ensures that existing and prospective customers in 365’s Florida, Georgia, Tennessee, and New England markets have access to regional, high-availability business continuity space and all of 365’s highly resilient and interconnected colocation, network and cloud services. In addition, 365 continues to provide similar services on a smaller scale at its Carlstadt, New Jersey, and Philadelphia data center facilities to serve its current and prospective mid-Atlantic region customers.
“Our now enhanced business continuity services meet the most discerning needs, providing the venues and environment that customers need to operate in the normal course of business,” comments Bob DeSantis, CEO of 365 Data Centers. “Coupled with proximity to our colocation, network, internet, cloud, and managed service capabilities, 365 customers can be assured that their business and deliverables to their customers will continue without interruption.”
With this recent rebranding and upgrade, 365 Data Centers’ Smyrna and Marlboro business continuity facilities now boast 350 and 250 seats, respectively, conference and break rooms, reliable PC workstations, telephones, and printer access. These suites are supported by highly resilient critical infrastructure to ensure continuous availability. This includes UPS supported power with emergency backup generators available in an N+1 configuration to provide continuous operations during utility outages.
365 Data Centers’ business continuity services offer customers a reliable and proven solution to maintain, sustain, and deliver on their corporate promises regardless of what natural or man-made event may occur to challenge normal day-to-day operations. This service guarantees 24/7/365 access and includes conditioned space, an ethernet drop, and offers partitioned walls and individual access doors to ensure security and privacy. All customers gain access to services such as dedicated internet access and direct connectivity into their network or virtual environment located at any of 365 Data Centers’ 20 data center facilities.
The benefits of an established business continuity plan go beyond disaster preparedness. It is especially vital when dealing with confidential or time-sensitive data, making this a required service for hospital systems and regulated industries such as financial services, banks, investment funds, and insurance companies, which are required to follow strict continuity protocols set forth by state, federal, and county entities.
“The addition of these key sites will ensure that our existing and prospective customers will have access to high quality, high availability business continuity solutions,” says Steve Oakie, Chief Revenue Officer of 365 Data Centers. “This will particularly benefit our large customer base in Florida and within the Northeast corridor. This development bolsters 365’s role as a leading single-source provider of IT infrastructure and business continuity services.”
About 365 Data Centers
365 Data Centers is a leading provider of hybrid Data Center solutions in 20 strategic, primarily edge, markets. Along with network-centric Data Centers in Alpharetta (GA), Aurora (CO), Boca Raton (FL), Bridgewater (NJ), Buffalo (NY), Carlstadt (NJ), Chicago (IL), Commack (NY), Detroit (MI), Fort Lauderdale (FL), Herndon (VA), Nashville (TN), Marlborough (MA), Philadelphia-University City (PA), Philadelphia Downtown (PA), New York City (NY), Rancho Cordova (CA), Richardson (TX), Smyrna (GA), and Tampa (FL). The company also operates a resilient, low latency, nationwide fiber network and four cloud regions. 365 serves more than 1,700 customers.
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Hyper-Converged Infrastructure, Windows Systems and Network
prnewswire | July 26, 2023
CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced a new data center facility in Plano, Texas, to be fully operational by December 31, 2023. The $1.6 billion data center is CoreWeave's first facility in Texas and will support economic activity and job growth in the area.
"We are pleased to partner with Plano and the local community to open this cutting-edge data center and create new jobs," said CoreWeave CEO and Co-founder Michael Intrator. "The 450,000 square foot facility will help meet the unprecedented demand for high-performance cloud solutions for artificial intelligence, machine learning, pixel streaming and other emerging technologies that CoreWeave is uniquely positioned to deliver," said Intrator.
This news comes on the heels of continued growth for the company. Recently, CoreWeave announced the opening of a modern data center in New York City that provides ultra-low latency to over 20 million inhabitants across the metropolitan area. In April, CoreWeave announced a $221 million Series B round, followed by $200 million in Series B extension funding for a total of $421 million in capital raised for the round.
"With the demand for machine learning, AI and visual effects/rendering sharply rising, we are thrilled to partner with CoreWeave as the company invests in its first data center in Texas, capable of high-computing solutions for such specialized needs," said Mayor of Plano, John B. Muns.
About CoreWeave
Founded in 2017, CoreWeave is a specialized cloud provider, delivering a massive scale of GPU compute resources on top of the industry's fastest and most flexible infrastructure. CoreWeave builds cloud solutions for compute-intensive use cases — machine learning and AI, VFX and rendering, batch processing and pixel streaming — that are up to 35 times faster and 80% less expensive than the large, generalized public clouds.
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