PORTFOLIO, COST OF LIVING, BUSINESS CLIMATE
Global provider of data center and interconnection solutions Digital Realty, has just announced that it is relocating its corporate headquarters from San Francisco, California to Austin, Texas.
According to Digital Realty, moving to Texas reflects the company’s growth in the state where it owns more than 30 data centers, encompassing about four million square feet and over 100MW of customer capacity. In addition, nearly 20% of the Digital Realty’s North American employee base is located in Texas.
“The central location, affordable cost of living, highly educated workforce and supportive business climate have helped make Texas an epicenter for business activity and technology growth,” said Digital Realty Chief Executive Officer A. William Stein.
”As we continue to make strategic investments to best position Digital Realty for long-term growth, we are confident our expansion in Texas will help us meet the needs of our more than 4,000 global customers, while continuing to deliver value for our stakeholders, employees and the communities we serve around the world.”
Digital Realty traces its roots in the state of Texas back to early 2002 when its predecessor acquired 2323 Bryan Street, a regional connectivity hub in downtown Dallas. The company recently expanded this facility to bring online additional colocation capacity to serve the area’s networking needs. This regional interconnection hub is now home to about 75 carriers, and the new colocation capacity provides a location to deploy Network Hub solutions on PlatformDIGITAL®, with availability to expand global cloud and connectivity options via Metro Connect, Service Exchange and dedicated cloud connections such as IBM Direct Link.
“Digital Realty joins other global technology leaders and more than 50 Fortune 500 companies now headquartered in Texas. We are seeing increasing investments from innovative businesses thanks to our young, growing, and educated workforce, and our pro-growth economic policies that help job-creating businesses to thrive. I thank Digital Realty for strengthening their presence in Texas, and I will continue to promote common-sense policies that create a welcoming business climate and bring even more jobs to the Lone Star State,” Governor Greg Abbott added.