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.
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.”