Cologix To Acquire Net Access

DATA CENTRE NEWS: Denver, Colorado and Cedar Knolls, New Jersey, United States – Cologix™ has announced that it has signed a definitive agreement to acquire Net Access, LLC.

The Net Access data centres are each roughly 30 miles outside New York City, over 250ft above sea level and connected via a dark fibre network that extends to key carrier hotels for access to robust connectivity options. This will be Cologix’s tenth acquisition, adding a new market and significant scale to its rapidly growing network neutral North American data centre platform.

The acquisition will enable Cologix to address the vibrant New Jersey market and provide a compelling alternative to colocation options in New York City. “Acquiring Net Access will expand Cologix’s service offerings to address new demand and will allow us to introduce our unique footprint elsewhere to 700+ new customers,” says Grant van Rooyen, president and chief executive officer, Cologix. “We have been very impressed with the team and operations Net Access has built and look forward to harnessing the strength of the combined company.”

Net Access’s 700+ customers range from small businesses to Fortune 1000 brands, spanning Healthcare, Financial, Enterprise, IT/Hosting and Telecom verticals. Among the reasons customers choose Net Access are: their robust infrastructure, accessible but separate location from New York, elevation to mitigate risk of natural disaster and superior customer service. The pending addition of facilities in Northern New Jersey to the Cologix platform follows Cologix’s approach of focusing on unique, growing markets that offer alternatives to legacy data centre hubs like New York or Chicago.

When this transaction closes, Cologix will support over 1,600 customers across its North American data centre platform, which will include 700K SQF across 24 data centres in 9 markets. Post close, Cologix will operate network neutral data centres in Columbus, Dallas, Jacksonville, Lakeland, Minneapolis, Montreal, Northern New Jersey, Toronto and Vancouver.

Net Access is a portfolio company of private equity firm Seaport Capital. Seaport Capital and Net Access have been represented in this transaction by investment bank DH Capital.

Net Access, LLC is a colocation and workspace recovery provider with over 200K gross SQF across three enterprise-grade facilities in Northern New Jersey.

“Our focus has been on expanding our reach because our customers and partners are increasingly asking to grow with us into new markets and for multi-market back-up solutions that we simply could not address as a standalone company,” explains Raul Martynek, chief executive officer, Net Access. “As we evaluated options to join a broader platform, Net Access was especially sensitive to finding a platform that shared its customer-centric philosophy. We are excited to join Cologix’s North American platform and are confident that the combined company will present new geographic benefits while upholding the highest standards for our customers.”

Source http://cologix.com/news2/461-cologix-to-acquire-new-jersey-data-center-company-net-access

Have your say...


Would you like to write your own Comment?



Your Comment

Your Name*
Please enter Your Name
Email Address*
Please enter an Email Address
Comment Subject*
Please enter a Comment Subject
Comments*
Please enter your Comments
 
RefreshPlay AudioHelp
 
I agree to the terms of use.
Please agree to the terms

There were errors. Please see the messages above.