Managed service provider Peak 10 is building a second data center adjacent to its current operations in Richmond, the company said today. The 13,500 square-foot addition, scheduled to open later this year, will be the company’s 19th data center facility and bring Peak 10's total footprint in Richmond to 30,000 square feet.
"The expansion of our Richmond operations is a direct result of high customer demand from enterprise companies stretching from Tidewater Virginia to Washington, D.C.," said Mark Wensell, the vice president and general manager of Peak 10 Richmond. "We continue to invest capital into our existing state-of-the-art facilities in addition to constructing new ones. This second Richmond facility will allow us to meet the current and future demand for our managed IT services throughout the Virginia business community."
"We focus our business on customer relationships, which has resulted in steady success and consistent growth in the Richmond market," said David Jones, the president and CEO of Peak 10. "Our customer base continues to grow and its IT requirements are ever-changing. The construction of the second Richmond facility demonstrates that Peak 10 has the resources and financial capabilities to respond to those changes and meet customer needs."
Peak 10 said the Richmond construction project was supported by a recent expansion of its credit line through RBC Capital Markets.
"Our recent $95 million credit facility expansion further positions us to continue our ongoing strategy of organic growth and re-investment within our current markets," said Greg Rollet, senior vice president of market operations for Peak 10. "In addition to facility expansions, such investments include scaling Peak 10’s technology, engineering and virtual services to support the advancement of our next-generation private cloud solutions in conjunction with our other core services and support."
Peak 10 owns and operates data centers in 10 cities, including Cincinnati, Ohio; Atlanta, Ga.; Raleigh and Charlotte, N.C.; Tampa, Jacksonville and Fort Lauderdale, Fla.; Nashville, Tenn.; Louisville, Ky.; and Richmond, Va.