DataBank, a provider of enterprise-class colocation, interconnection, and managed cloud services, says it has entered into an agreement with CyrusOne to purchase four data centers in the Houston, TX metro area.
When the $670 million transaction is complete, it will expand DataBank’s portfolio to more than 65 facilities and 2 million square feet of raised-floor data center capacity.
The transaction is expected to close in late Q1 2022, subject to customary conditions and regulatory approvals.
Three of the four Houston facilities are located on a single campus that is the area's primary interconnection point with over 30 fiber networks, 3500 cross connects, and public cloud on-ramps from AWS and Google.
The acquisition will add more than 300,000 square feet of raised-floor data center capacity and 42.5 MW of critical IT load to DataBank’s holdings, as well as blue-chip customers from the area’s healthcare, financial services, energy, media, and software sectors.
With the addition of Houston, DataBank now has a presence in 27 metro markets.
“We are excited to add the Houston market to the DataBank portfolio,” commented DataBank CEO Raul Martynek. “With our deep roots in Texas, it was a logical metro for us to expand into and allows us to bring our digital infrastructure and interconnection solutions to the 4th largest metro in the U.S.”