CentriLogic Acquires US Virgin Islands Data Center Provider Adveniat
CentriLogic acquired Adveniat in the U.S. Virgin Islands

CentriLogic Acquires US Virgin Islands Data Center Provider Adveniat

The Canadian provider continues its rollup play, making its third acquisition in 18 months. Adveniat operates in the U.S. Virgin Islands, a location with favorable tax laws.

Cloud, managed hosting and colocation provider CentriLogic has acquired U.S. Virgin Islands data center and hosting provider Adveniat. The deal represents CentriLogic’s third acquisition in the past 18 months. Terms of the deal were not disclosed.

CentriLogic has nine data centers in seven markets throughout Canada, United States, United Kingdom, Hong Kong, and now the U.S. Virgin Islands. The acquisition of Adveniat and its data center footprint allows CentriLogic to better serve customers throughout the Caribbean and Southern Hemisphere.

CentriLogic is currently serving customers within a section of this facility. Over the next two years, the plan is to expand the footprint within the facility by 10,000 square feet in two 5,000 square foot increments.

The total size of the data center is approximately 30,000 square feet. The facility has two redundant groups of four 650 KVA power generation plants and 36 hours of independent battery backup.

The Virgin Islands is an attractive hosting destination for e-commerce because it offers up to a 90 percent reduction in income tax liability on qualifying revenues harmonized to U.S. Treasury Department regulations.

The U.S. Virgin Islands has a large concentration of unused bandwidth. The area connects South America, Central America and the Caribbean to North America and Europe.

Adveniat counts The University of the Virgin Islands Research and Technology Park (RTPark) as a customer. RTPark is an economic development entity chartered by the USVI Government with statutory authority to extend tax incentives to qualifying knowledge-based and e-commerce businesses. Customers can host in the USVI data center while also having the opportunity through RTPark to qualify for income tax reductions on revenues generated from e-commerce and digital media activities in the USVI.

“With a state-of-the-art data center and fiber connectivity in the USVI, we can now directly support customers who are looking for both reliable managed hosting solutions and significant income tax savings," said Robert Offley, President & CEO. "We are also motivated to help fulfill the RTPark’s goal of attracting competitive and innovative e-commerce business to the region and helping develop the economies of its USVI Territories.”

CentriLogic is headquartered in Toronto, Ontario, Canada, and Rochester, New York. It previously acquired Dacentec and its 23,000 square foot data center in North Carolina and Canadian managed hosting provider The Capris Group. The company earmarked $40 million for acquisitions in 2013 and has been rolling up small providers with big potential.

TAGS: Deals
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