DATA CENTER EXPANSION STRATEGY
US-based data center provider Cologix has just secured a $500 million investment from Mubadala Investment Company an Abu Dhabi based firm.
Mubadala will through this transaction, provide primary capital investment for Cologix to continue to meet its expansion demands for hyperscale edge data centers throughout the U.S. and Canada.
“As a global investor, we continue to look closely at opportunities in sectors such as ICT which are rapidly transforming the world,” said Khaled Al Qubaisi, CEO of Mubadala Aerospace, Renewables and ICT.
“Our philosophy remains founded on investing in innovative businesses with long-term growth potential and market leadership positions. As Abu Dhabi evolves into a global technology and ICT hub, we will continue to invest in partnerships which will unlock immense benefits for all our stakeholders.”
The new investment is in partnership with Stonepeak Infrastructure Partners, which will remain the majority shareholder in Cologix after acquiring a majority stake in the company for a $500 million incremental investment in 2017.
“Cologix has built a leadership position in the hyperscale edge, cloud on-ramp, colocation and interconnection sector of this fast-growing industry across North America,” said Bill Fathers, Chairman and Chief Executive Officer, Cologix.
“We have ambitious plans for the future and, by partnering with Mubadala, we have additional growth capital that will enable us to get to the next level, build on an existing foundation of great clients, innovative technology and strong leadership.”
Founded in 2010, Cologix has so far completed 11 acquisitions including a lease at the Dallas Infomart data center from NaviSite, DataCenter.BZ, Carrier Connex, the Minnesota Gateway, Standard Connections, Telehouse Centre Canada, Canix Colo, and Colo-D in Montreal. Earlier this month, the company opened its new data center with 5MW of power capacity in Vancouver, Canada.
“We’re pleased to have entered into this partnership which will see significant growth capital injected into the company and enable Cologix to reach new milestones in its growth trajectory,” Brian McMullen, senior MD at Stonepeak Infrastructure Partners, adds.