Managed hosting provider Latisys has acquired Pryme Technologies and its 72,000 square foot data center in Ashburn, Va. and has leased an additional 52,000 square foot in an adjacent building in the Corporate Campus at Ashburn Center. The acquisition and lease were announced by First Potomac Realty Trust which owns the three-building property.
The deals provide Latisys with a footprint in northern Virginia, one of the most active data center markets in the nation. The fast-growing managed hosting provider has existing data centers in Irvine, Denver and Chicago. The Corporate Campus at Ashburn Center is located in a fiber-rich section of Ashburn adjacent to major data center campuses operated by Equinix, DuPont Fabros, MCI and Digital Realty Trust.
”We believe the addition of this campus in Ashburn provides an outstanding east coast presence in a strategic market, while at the same time complimenting our other U.S. markets, allows us broader reach into business and government customers, while positioning Latisys with an important gateway to Europe” said Pete Stevenson, Chief Executive Officer at Latisys. “The expansion reaffirms Latisys’ flexible service delivery approach is resonating with organizations that face demanding IT infrastructure and growth requirements.”
Latisys acquired Pryme, which had an existing lease for all 71,192 square feet of space in Building C of the complex. Latisys assumed Pryme's lease and also leased an additional 51,905 square feet in Building B, apparently for development as a data center property. The two leases will each expire in May 2021.
Latisys was founded in 2007 as Managed Data Holdings (MDH) with backing from Catalyst Investors and Great Hill Partners. It has moved quickly to build a footprint in the managed hosting sector, acquiring three providers and quickly expanding its data center capacity. Here’s a recap:
- October 2007: Buys managed hosting Intelenet in Irivine, Calif and adds 12,000 square feet of new space.
- January 2008: Acquires Denver colocation and managed hosting company Data393 and accelerates a planned 10,000 square foot expansion.
- August 2008: Purchases Stargate in the Chicago market and starts an expansion project.
- March 2009: Rebrands as Latisys.