T5 Plans Expansion Into Northeast in 2014
January 3rd, 2014 By: Rich Miller
T5 Data Centers plans to expand into the Northeast in 2014, according to President and CEO Pete Marin, who shared his outlook on the company and the industry in a year-end blog post. Marin offered no details on which markets T5 might consider, but noted that the company raised $193 million in capital in 2013, and is positioned to pursue “focused M&A activity” to support the company’s strategy if the right opportunities arise.
“While 2013 had some interesting ups and downs, we believe that 2014 will continue to show more growth in the data center industry. Demand continues to outpace supply; outsourcing still has not taken hold in the wholesale area, however, we will see more of this in the coming 12 months; corporations will continue to hone their approach and the Intelligent Data Center Strategy (the right combination of Hybrid, Cloud, and Primary data centers) will dominate the thinking in the senior IT offices in 2014.”
T5 currently offers wholesale data center space in business-critical data center facilities in Atlanta, Los Angeles, Dallas, and Kings Mountain, North Carolina, with new projects announced in Portland and Colorado Springs.
You can review Marin’s full post at the T5 Data Centers blog.