Application Infrastructure, Windows Server OS
businesswire | August 07, 2023
Palisade Infrastructure (“Palisade”) and Consolidated Communications, Inc. (“Consolidated”) have entered into an agreement whereby Palisade, on behalf of its managed funds, will acquire Consolidated’s assets in Washington state.
The transaction includes Consolidated’s incumbent networks in Ellensburg and Yelm comprising a mixture of fiber-to-the-home and DSL technologies. Palisade intends to accelerate the build out of the fiber network in these markets, providing high speed, low latency connectivity to households and businesses.
This is Palisade’s second broadband investment in Washington State following the announcement of the transaction to acquire Rainier Connect in December 2022. Palisade aims to develop a regional platform for fiber and high-speed broadband connectivity by investing in these markets to benefit all stakeholders including employees, customers and communities.
Mike Reynolds, managing director at Palisade Infrastructure said, “We are excited to expand our fiber broadband platform in Washington State, in attractive markets that are in proximity to the Rainier Connect network. We look forward to continuing to grow the platform in the future.”
This represents Palisade’s fourth transaction in North America and follows the closing of its investment in the PureSky Energy community solar platform in June 2023. Palisade is planning to launch a new fund focused on investing in digital connectivity and the energy transition later this year.
Houlihan Lokey served as exclusive financial advisor and Morgan, Lewis & Bockius LLP served as legal counsel to Palisade. Lazard served as the exclusive financial advisor to Consolidated Communications on the transaction.
The transaction remains subject to federal, state and local regulatory approvals and customary closing conditions.
About Palisade Infrastructure
Palisade Infrastructure forms part of the Palisade Group, a global independent, specialist infrastructure and real assets manager. Palisade Group has 30 active investments in its portfolio covering a broad range of sectors. Palisade Infrastructure’s North American capability focuses on the energy transition, digitization and transport infrastructure sectors. Palisade Infrastructure has a partnership-focused approach with a long-term investment horizon. For more information visit palisadegroup.com.
About Consolidated Communications
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) is dedicated to moving people, businesses and communities forward by delivering the most reliable fiber communications solutions. Consumers, businesses and wireless and wireline carriers depend on Consolidated for a wide range of high-speed internet, data, phone, security, cloud and wholesale carrier solutions. With a network spanning more than 57,500 fiber route miles, Consolidated is a top 10 U.S. fiber provider, turning technology into solutions that are backed by exceptional customer support.
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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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Hyper-Converged Infrastructure, Windows Systems and Network
prnewswire | July 12, 2023
EdgeConneX®, the pioneer in global Hyperlocal to Hyperscale Data Center Solutions, announces the deployment of AWS Direct Connect with both 10Gbps and 100Gbps capability at the Phoenix Edge Data Center® (PHX01). EdgeConneX is a member of the Amazon Web Services (AWS) Partner Network (APN), and AWS Direct Connect is already available in the Portland Edge Data Center® Campus (POR01 and POR02). AWS Direct Connect allows customers to establish direct edge cloud on-ramps, which can reduce costs, improve operations, and deliver a superior and consistent network experience for their data-intensive workloads.
The greater Phoenix area has developed into a burgeoning tech and business ecosystem in the Southwest region, in part due to local business incentives, tax exemptions, and low latency routes to larger metros. By layering on the added flexibility of AWS Direct Connect in the EdgeConneX Phoenix data center, companies can advance their digital transformation strategies and application evolution by linking their internal network via direct point-to-point connections. This creates a secure, private cloud connection with access to both 10Gbps and 100Gbps AWS Direct Connect ports.
Phillip Marangella, Chief Marketing and Product Officer at EdgeConneX:
"EdgeConneX customers are increasingly leveraging hybrid architecture solutions to address high bandwidth workloads, such as artificial intelligence (AI), machine learning (ML), and augmented and virtual reality (AR/VR). EdgeConneX is working with AWS to offer customers in Phoenix expanded workload transport options and improved scalability and reliability."
Emad Benjamin, General Manager of AWS Direct Connect at AWS:
"Emerging tech applications and cloud-based IT architectures require high availability and lower latency connectivity. With AWS Direct Connect in the EdgeConneX Phoenix data center, customers can create virtual interfaces directly to AWS and access services such as Amazon Elastic Compute Cloud (Amazon EC2) and Amazon Simple Storage Service (Amazon S3), allowing for increased security and consistent network experiences."
Michael Reid, CEO for Megaport
"Our customers with mission-critical applications require secure, on-premises infrastructure to meet optimal application performance. By leveraging AWS Direct Connect at the EdgeConneX Phoenix data center, our customers can benefit from low-latency connections to the cloud, essential to supporting the modern applications that power their businesses."
The EdgeConneX Phoenix Data Center is engineered for customers requiring the lowest latency and is marked by Tier III design, and just 10 miles from downtown Phoenix. In addition, EdgeConneX is building a 100MW data center campus in nearby Mesa, Arizona.
About EdgeConneX
Backed by EQT Infrastructure, part of the global investment organization EQT, EdgeConneX provides a full range of sustainable data center solutions worldwide. We work closely with our customers to offer choices in location, scale, and type of facility, from Hyperlocal to Hyperscale. EdgeConneX is a global leader in anytime, anywhere, and any scale data center services for a diverse portfolio of industries, including Content, Cloud, Networks, Gaming, Automotive, SaaS, IoT, HPC, Security, and more. With a mission predicated on taking care of our customers, our people, and our planet, EdgeConneX strives to Empower Your Edge.
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