DigitalBridge Group, Inc. | June 20, 2022
DigitalBridge Group, Inc. announced the recapitalization of DataBank, a leading countrywide edge data center platform, which is part of its portfolio. The first stage of the recapitalization will consist of selling ownership shares to Swiss Life Asset Management AG and EDF Invest affiliates. In addition, SLAM and EDF will buy 27 percent of DataBank's fully diluted equity holdings for $1.2 billion in cash from existing investors under the terms of the transaction.
"Since we acquired DataBank in 2016, we have scaled its footprint, capacity and customer base in key metro areas across the United States, transforming DataBank from a business serving three markets with six facilities to the premier edge infrastructure platform serving twenty-seven markets across more than sixty-five facilities. The formation of this new permanent capital vehicle allows DigitalBridge shareholders to maintain significant exposure to the next phase of value creation at DataBank alongside our new co-investors while also freeing up significant capital at an attractive valuation to fuel additional digital M&A," said Marc Ganzi, CEO of DigitalBridge.
DataBank is the largest edge infrastructure operator in the United States, enabling the world's leading organizations, technology companies, and content providers to deploy and manage mission-critical applications and data on a nationwide platform. More than 65 data centers, 20 interconnection hubs in more than 27 markets, on-ramps to an ecosystem of cloud providers, and a modular edge data center architecture make up DataBank's portfolio.
"This recapitalization allows us to accelerate our expansion efforts and capture the substantial secular growth in edge computing. DataBank is strategically positioned as the leading platform to deliver and enable the network edge ecosystem as a shift from traditional centralized infrastructures continues to evolve to the edge,"
Raul Martynek, DataBank's CEO
DigitalBridge's ownership interests in DataBank will reduce to 15.5 percent upon completion of this initial phase of the recapitalization, and DigitalBridge will receive cash proceeds of $230 million, implying a pre-transaction net value of $906 million, inclusive of the retained net worth of $676 million, as announced in this release.
Before the recapitalization's scheduled completion in the fourth quarter of 2022, incremental new investors, including DigitalBridge, are expected to acquire ownership interests in DataBank from existing investors, including DigitalBridge. Various closing conditions, including regulatory approvals, will be imposed on the recapitalization transactions. A Current Report on Form 8-K filed by the Company with the US Securities and Exchange Commission contains more data about the recapitalization's principal provisions.
Swiss Life Asset Managers were advised by financial advisor DH Capital and legal advisor Vinson & Elkins LLP. Goldman Sachs served as a financial advisor, and Proskauer Rose LLP served as a legal advisor to DataBank. Wachtell, Lipton, Rosen & Katz served as legal counsel to DigitalBridge. In addition, DigitalBridge's Independent Transaction Committee of the Board of Directors hired PJT Partners as its exclusive financial advisor.
Commvault | July 01, 2022
Metallic DMaaS on Oracle Cloud is now a part of Commvault's strategic relationship with Oracle, a leader in intelligent data services across on-premises, cloud, and SaaS settings. Metallic's market-leading services will be made available on Oracle Cloud Infrastructure (OCI) and will be accessible in all commercial OCI regions worldwide as part of Commvault's multi-cloud strategy.
For business customers wishing to hasten their OCI transition, Metallic and OCI will offer improved price-performance, built-in enhanced security, and streamlined recovery and management. In addition, Oracle users may now safeguard crucial data assets in the cloud or on-premises by utilizing OCI Storage for superior air-gapped ransomware protection while preserving flexibility across customer-controlled storage or a SaaS-delivered data protection service inclusive of managed cloud storage.
Metallic DMaaS supports the protection of data against corruption, unauthorized access, and other threats across critical business sectors, such as insurance, financial services, manufacturing, and defense, in the fight against ransomware and cyberattacks. Customers can quickly backup their digital footprint in any consumption model, including cloud-native and on-premises workloads, including databases, virtual machines, Kubernetes, file and object storage, and workloads running on databases and virtual machines.
"The combination of Metallic DMaaS and OCI is a big win for customers looking for data mobility, agility, and security as they link on-premises Oracle solutions to OCI and evolve their data management capabilities."
Vinny Choinski, senior analyst, Enterprise Strategy Group
Metallic's data protection now covers OCI VMs, Oracle Databases, and Oracle Container Engine, thanks to the addition of support for safeguarding OCI workloads and writing to OCI Storage. Additionally, Oracle Linux is accessible to over 400,000 Oracle enterprise customers and the more than 100,000 clients wishing to use Oracle Cloud Infrastructure to protect their mission-critical data but who have previously relied on Commvault technology. As a part of the Oracle PartnerNetwork, Commvault will promote and sell Metallic DMaaS alongside Oracle in a partnership that will hasten Metallic's attempts to become worldwide. Available in the Oracle Cloud Marketplace is Metallic DMaaS.
"We're excited to partner with Commvault and enable our customers to restore and recover their most mission-critical cloud data. Data protection and compliance requirements are necessities in today's business environment, which is why we're confident that OCI's built-in, always-on security features combined with Metallic DMaaS will provide additional peace of mind for our joint customers," said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure.
prnewswire | November 02, 2020
Today, DISH and Intel reported an organization to incorporate Intel 5G framework innovation into DISH's buildout of the country's first virtualized, open Radio Access Network (O-RAN) 5G network arrangement. the Intel vRAN Dedicated Accelerator ACC100 and Intel's FlexRAN programming reference engineering for its arrangements.
With a greenfield 5G network that is being architected starting from the earliest stage, DISH is working with a few U.S.- based sellers to consolidate cloud and availability innovation to control cutting edge administrations and endeavor use cases. As the world's driving organization silicon supplier, Intel brings a full set-up of silicon, programming and apparatuses to change the organization with a product characterized, deft and versatile framework. Through close coordinated effort with Intel, DISH can solidify and upgrade numerous remaining tasks at hand at areas over its organization for expanded productivity.
"Intel has been a trusted advisor throughout the design of our O-RAN network, working in concert with our software vendors Mavenir, Altiostar, and many OEM hardware providers. We have tested several commercial off-the-shelf (COTS) designs from a large number of server vendors using Intel's O-RAN compliant FlexRAN architecture and are pleased by the maturity and power of the solutions, together with the cost benefits of COTS solutions," said Marc Rouanne, executive vice president and chief network officer, DISH. "We are using the power of the VMware abstraction solution and the ubiquity of Intel-based servers to load and mix different types of cloud-native workloads like distributed unit (DU), centralized unit (CU), virtual routers, mobile edge computing applications, and 5G Core containerized network functions."
"Fully-virtualized, cloud-native networks like the one DISH is building bring the same server economics that transformed the data center," said Dan Rodriguez, Intel corporate vice president and general manager of the Network Platforms Group. "We are excited to partner with DISH to lay the foundation for a truly agile network and have already begun working with our OEM partners who have designed FlexRAN-based servers to enable a variety of new innovative use cases and services."
DISH and Intel are cooperating on the completely virtualized RAN, including radio reference plans, fronthaul improvement, equipment based security, and outlines for workers. The two organizations are likewise working together to empower edge applications for ventures and driving O-RAN principles, and are participating in the territories of information streamlining and Machine Learning for future periods of the organization buildout.
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming SLING TV services. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation's first cloud-native, Open RAN-based 5G broadband network.
Intel is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. Intel Corporation, Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.