DataBank Holdings Acquires Colocation Services Provider VeriSpace

Data center provider DataBank Holdings (based in Dallas, Texas) announced the acquisition of VeriSpace, a colocation services provider based in Minneapolis, Minnesota.

The acquisition gives DataBank an instant entry into a new geographic market and increases its data center portfolio to eight locations (adding to the two locations in Dallas). As a result of the acquisition, DataBank now operates over 180,000 SF of data center space in the Dallas and Minneapolis markets.

RELATED:  Five 9s Digital’s 2012 Acquisitions Report

Tim Moore, DataBank CEO, said the company has been planning to expand into new markets, which is part of what made the VeriSpace acquisition such an attractive investment. “VeriSpace has a strong market presence and provides service to a number of the region’s top businesses,” he said.

“We are continuing to execute on our plan. This first step in Minnesota gives us a great location in which to launch our expansion efforts.” Moore also noted, “we will be developing additional high-quality data center capacity here in the coming year.”

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About Five 9s Digital, LLC

Five 9s Digital is a data center real estate company offering data center development, investment sales, real estate advisory, and colocation and wholesale data center selection and procurement services. Five 9s Digital has been involved in the development and ownership of multiple mission critical facilities from single user build-to-suit facilities to multi-tenant data centers. Five 9s Digital brings a wealth of experience, background and expertise in providing solutions to the data center arena. Due to the specific and yet evolving requirements of mission critical end users in today’s world, Five 9s Digital is able to offer real solutions, real facilities, and real choices due its extensive and up-to-date knowledge base. Five 9s Digital is a Best Data Sites Certification Alliance™ member.
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