EXPANDING ACROSS VIRGINIA AND LOS ANGELES
Network-centric colocation provider 365 Data Centers, has announced its acquisition of Atlantic Metro Communications, a provider of colocation, network and cloud services.
Through this acquisition, 365 Data Centers gains Atlantic Metro’s data center facility in Herndon, Virginia, along with partner operated colocation space and available power in northern Virginia and Los Angeles. 365 further solidifies its position as a major, privately held Infrastructure-as-a-Service (IaaS) provider in the Eastern U.S.
“365’s acquisition of a highly respected business with a track record of providing customers with high touch, hybrid infrastructure solutions is a tribute to Atlantic Metro’s management and employees, who will become part of the 365 team, ” said Bob DeSantis, Chief Executive Officer of 365 Data Centers.
“For 365, this acquisition expands our geographic and infrastructure footprint, complements our existing IaaS offerings, and significantly increases our customer base, revenue, and cash flow – all of which greatly benefits our customers.”
This transaction further delivers 65 additional network points-of-presence (PoPs) in the Boston, New York, New Jersey, Philadelphia and Virginia metro markets, and across other international locations. 365 now boasts of serving customers across its 13 interconnected data centers and 5 additional partner operated facilities, as well as from 86 PoPs and 7 cloud platform locations.
According to 365, Atlantic Metro’s founders and key leaders will join the 365 executive team, reporting to DeSantis. Stephen Klenert has been named 365’s Senior Vice President, Customer Solutions & Implementation; James Cornman becomes 365’s Chief Technology Officer; and Steve Oakie joins 365 as Senior Vice President, Sales & Marketing.
The Atlantic Metro acquisition marks another stage in 365’s growth trend after selling it majority stake to Stonecourt Capital last month while its original investors Lumerity Capital and Longboat Advisors reinvested into the new partnership. According to 365, this reinvestment transactions provided substantial financial resources to fund the company’s internal and external growth strategies.