Switch & Data Opens NASDAQ

President and Chief Executive Officer Keith Olsen (center,with fist raised) of Switch & Data Facilities opens trading at the NASDAQ MarketSite in New York Tuesday morning. The ceremony follows a Feb. 8 initial public offering for Switch and Data (SDXC) in which the company raised about $200 million. Net income to the company was about $142 million, which Switch And Data used to pay off loans, reducing its long-term debt by $104 million. Olsen also was featured on a webcast at TheStreet.com to note the event and talk about Switch & Data’s business. We’ll have more on Switch and Data’s latest results and analyst conference call in an upcoming post.

About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.