HYPER-CONVERGED INFRASTRUCTURE, STORAGE MANAGEMENT
prnewswire | April 06, 2023
Flexential, a leading provider of data center colocation, cloud and connectivity, and a member of Oracle PartnerNetwork (OPN), today announced it will offer connectivity to Oracle Cloud through Oracle Cloud Infrastructure FastConnect.
Flexential is expanding its Cloud Fabric ecosystem by offering low latency interconnection options to Oracle Cloud Infrastructure (OCI). This can allow customers in any Flexential data center across its national FlexAnywhere™ platform to connect to OCI.
Through collaboration with Flexential, Oracle customers can benefit from reliable network access to their cloud data and applications from any Flexential facility via Oracle FastConnect on-ramps located in Ashburn, VA, San Jose, CA, and Chicago, IL. This has the potential to facilitate improved performance, enhanced control, flexibility, and scalability through easier access to critical business data and functions.
"With the ever-increasing customer demand for high-performing, reliable and flexible interconnection options, we know how critical it is for customers to have direct access to OCI through FastConnect," said Chris Downie, CEO, Flexential. "We are proud to expand our Cloud Fabric offerings to enable our customers to rapidly scale their IT infrastructure across our national FlexAnywhere™ platform of 39 data centers."
OCI's extensive network of more than 70 FastConnect global and regional partners offer customers dedicated connectivity to Oracle Cloud regions and OCI services – providing customers with the best options anywhere in the world.
Specifically architected to meet the needs of the enterprise, Oracle Cloud is a next-generation cloud that delivers powerful compute and networking performance and a comprehensive portfolio of infrastructure and platform cloud services from application development and business analytics to data management, integration, security, artificial intelligence (AI), and blockchain. With unique architecture and capabilities, Oracle Cloud delivers unmatched security, performance, and cost savings. Oracle Cloud is the only cloud built to run Oracle Autonomous Database, the industry's first and only self-driving database.
Flexential empowers the IT journey of the nation's most complex businesses by offering flexible and tailored hybrid IT solutions comprised of colocation, cloud, connectivity, data protection, managed, and professional services. The company builds on a platform of three million square feet of data center space in 19 highly connected markets, and on its 100Gbps private backbone to meet the most stringent challenges in security, compliance, and resiliency.
APPLICATION INFRASTRUCTURE, APPLICATION STORAGE
globenewswire | April 17, 2023
Parsons Corporation announced today that it completed the previously announced acquisition of IPKeys Power Partners, Inc. for $43 million. The strategic acquisition enhances both Parsons’ Federal Solutions and Critical Infrastructure segments, specifically through comprehensive cloud-based cybersecurity, software solutions that operate at the intersection of information and operational technology (IT and OT), and technologies that will help accelerate the global clean energy transition.
Headquartered in Tinton Falls, New Jersey, IPKeys Power Partners is a trusted provider of enterprise software platform solutions that is actively delivering cyber and operational security to hundreds of electric, water, and gas utilities across North America. The acquisition brings IPKeys’ established customer base, expanding Parsons’ presence in two rapidly growing end markets: grid modernization and cyber resiliency for critical infrastructure.
The transaction is consistent with Parsons’ strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins of 10 percent or greater, while adding critical intellectual property that strengthens the company’s existing portfolio.
Parsons is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.
HYPER-CONVERGED INFRASTRUCTURE, APPLICATION STORAGE
businesswire | May 05, 2023
Cyxtera, a global leader in data center colocation and interconnection services, today announced that it has received $50 million in new financing from certain of its lenders, holding over two-thirds of its outstanding term loan (the “Lenders”), to support ongoing business operations. In connection with the new financing, Cyxtera has entered into a Restructuring Support Agreement (“RSA”) with the Lenders to strengthen the Company’s financial position and facilitate the business’s long-term success.
Cyxtera is continuing to operate its unique global platform of highly interconnected data centers with an unwavering focus on providing high-quality services that help its customers around the world transform and scale their businesses.
“We have strong momentum in our business, and demand for our global data center platform remains high,” said Nelson Fonseca, Cyxtera’s Chief Executive Officer. “With the support of our Lenders, we are taking steps to strengthen our financial position and ensure that our business is best positioned for the long term. We are confident in our ability to continue growing our business and creating value for the customers and communities we serve as we work to implement the transactions contemplated by the agreement.”
Mr. Fonseca added, “We thank our customers and partners for their continued support, and we are grateful to our employees for their hard work and commitment to Cyxtera. We look forward to continuing to provide innovative, cloud-like data center services and enabling our customers to meet their evolving business needs.”
Additional Information Regarding the RSA
The terms of the RSA contemplate the Company undertaking a process to pursue a potential sale of the business or a significant investment from a new investor. In connection with this process, the Lenders have agreed to offer long-term financing for potential investors to address existing near-term maturities.
To the extent the process does not result in an acceptable transaction with a third party, as defined by the RSA, the Company would implement a comprehensive financial restructuring and transition majority ownership of the business to the Lenders through an expedited, voluntary court-supervised process under Chapter 11 of the U.S. Bankruptcy Code.
In all scenarios being contemplated, Cyxtera will continue operating and serving customers via its global data center platform with innovative services and the highest levels of support. Additionally, regardless of the path forward, employees will continue receiving their pay and benefits without interruption. The Company will also continue evaluating its data center footprint, consistent with its commitment to optimizing operations.
Cyxtera is a global leader in colocation and interconnection services, with a footprint of more than 60 data centers in over 30 markets. With IT infrastructure becoming increasingly hybrid, complex, and distributed, Cyxtera continues to expand its portfolio beyond space and power to deliver more cloud-like and flexible infrastructure solutions across its global data center platform and robust partner ecosystem. Today, Cyxtera provides more than 2,300 enterprise and government customers with the technology solutions they need to scale faster, achieve financial goals, and gain a competitive advantage.