Spare Backup, Inc. (SPBU) has expanded its presence at i/o Data Centers facility in Scottsdale, Arizona, and will expand its capacity at the site facility to approximately 8 petabytes by the end of the 3rd quarter. The company has signed a five-year agreement, which it says will lower overall storage costs through the use of i/o Data Centers' energy-efficient mass storage.
"Our paid customer base continues to grow, and we believe the next several quarters should see a significant ramp as a number of new and expanded partnerships begin launching in the 2nd and 3rd quarters of 2008," said Cery Perle, President and CEO of Spare Backup, Inc. "We believe these steps will provide our partners with the scalability needed to support their roadmaps and we anticipate the next six months will be pivotal for our company's growth."
"Spare Backup is a valued customer and we are pleased that they have decided to grow their business with i/o Data Centers," said Anthony Wanger of i/o Data Centers. Spare Backup is headquartered in Palm Desert, Calif. and provides an online backup service that can automatically back up documents, email, music, photos and other PC files.
The Scottsdale data center is the first in a national network of facilities planned by i/o Data Centers, which launched in January of 2007. i/o Data Centers is an affiliate of private equity firm IO Capital, LLC with $100 million in assets. i/o's management team developed and operated the Downtown Phoenix Technology Exchange before selling it to Digital Realty Trust in a 2006 transaction valued at $175 million.
