Peak 10 has several expansions afoot, the latest being construction and renovation of a new 31,500 square foot Raleigh data center. The company is adding 17,000 square feet of raised-floor data center space.
The new data center brings Peak 10’s Raleigh data center footprint to 100,000 square feet of space. The facility is contiguous to Peak 10’s two existing data centers in the area and will accommodate new and existing customers throughout the central and eastern regions of the state.
Other expansions underway include Louisville, and an upcoming 60,000 square foot greenfield facility in Tampa Bay, Florida - its first data center built from the ground up. Last year, the company added a third facility in Atlanta, and expanded in Cincinnati. The company was acquired by GI Partners in May 2014 and has been in high growth mode since.
Chairman and CEO David Jones recently noted that the company has been taking trips and researching additional potential markets. Building, refurbishing or acquiring are all on the table.
“My strategic focus is looking at two things: what acquisitions will make sense and what markets tend to behave like markets we’re in,” said Jones. "This will be a big expansion year for our company as we make significant investments to launch new facilities in four of our established markets, and seek new locations to expand our geographic footprint.”
Peak 10 operates 25 data centers in 10 U.S. markets, with the hub of its strength in the southeastern United States. The company offers cloud, managed services and colocation and often acts as trusted IT advisor to midmarket companies and up. The company also continues to drive automation through cloud offerings, with several software projects underway. Its biggest bucket is colocation but cloud is showing the fastest growth. Jones said that private cloud continues to drive colocation, cloud services and managed services.
“Our consistent growth in all of our markets, including Raleigh, is the result of mid-market businesses in need of a true IT partner that can offer consultative expertise to support their long-term growth goals,” said Jones.
The data center is located in North Carolina’s Research Triangle Park, a major east coast hub for technology. The 7,000 acre development is home to over 170 companies.
“The construction of our third facility here allows us to deliver our enterprise-level data center services to more customers, supporting both their business growth and that of the region,” said Kurt Mosley, director of service delivery for Peak 10’s Raleigh operations.
Jones said GI Partners has been paramount in its expansion strategy, both in terms of footprint and products. GI Partners has a high profile in the data center and web hosting sector from its ownership of The Telx Group and The Planet (acquired by SoftLayer prior to SoftLayer's acquisition by IBM), as well as its role in forming Digital Realty Trust.