CoreSite Buys Comfluent, Enters Denver Market
April 20th, 2012 By: Rich Miller
Data center developer CoreSite Realty has purchased Comfluent, a carrier-neutral colocation provider based in Denver, Colorado. The purchase price was $3 million, with a provision for earn-out payments over the next three years if certain operating and leasing hurdles are met.
Comfluent has 75 customers and manages the Rocky Mountain Internet eXchange (RMIX), the region’s largest Internet exchange with access to more than 25 networks. Comfluent currently leases two data center sites that total approximately 9,300 rentable square feet. Denver is an important and growing interconnection market and is strategically situated along communication routes from the West Coast to Chicago and Dallas.
“We are pleased to be able to expand CoreSite’s footprint into the Denver market,” said Tom Ray, President and Chief Executive Officer of CoreSite. “Comfluent has developed a blue-chip customer base and established itself as the clear leader in interconnection opportunity in Denver and the Rocky Mountain region. The acquisition is a continuation of our stated strategy to enhance our position as a network-centric provider in key domestic markets. Comfluent brings to CoreSite a strong core of customers and interconnections and an excellent platform from which we will seek to expand our operations in the market.”
Comfluent was founded in 1997 by President and CEO Alf Gardner, who will remain with CoreSite after the acquisition closes as General Manager of Denver.
“We look forward to the opportunity to continue to grow the Denver interconnection ecosystem and provide a scalable solution for our customers as we join CoreSite, an established interconnection company that shares our commitment to excellent customer service,” said Gardner.