Digital Bridge-Backed DataBank Buys Cleveland, Pittsburgh Sites from 365 Data Centers

DataBank, an emerging national colocation services player, has added two more data center markets to its portfolio, acquiring facilities in Cleveland and Pittsburgh from 365 Data Centers.

Last July, Dallas-based DataBank was acquired by investor Digital Bridge Holdings, for whom the deal represented an entry into the data center market. Around the same time, Michael Foust, former CEO of Digital Realty Trust, joined as chairman. Since then, the company has been expanding via acquisition.

DataBank considers the data centers in Cleveland and Pittsburgh “key interconnection assets” and plans to leverage them as “anchors” for further expansion in the two markets.

Counting the two former 365 facilities, DataBank is now in six data center markets. Earlier this month it entered Salt Lake City by acquiring local provider C7 Data Centers.

Just last week, Reuters reported that Boca Raton-based Digital Bridge is close to announcing acquisition of Silicon Valley-based Vantage Data Centers, which has data center campuses in Santa Clara, California, and Quincy, Washington.

Further reading: 2016 Was a Record Year for Data Center Acquisitions, but 2017 Will Be off the Charts