{"id":405,"date":"2020-11-16T17:10:00","date_gmt":"2020-11-16T17:10:00","guid":{"rendered":"https:\/\/datacen365.wpengine.com\/?p=405"},"modified":"2022-06-01T19:09:57","modified_gmt":"2022-06-01T19:09:57","slug":"365-data-centers-acquires-atlantic-metro","status":"publish","type":"post","link":"https:\/\/365datacenters.com\/365-data-centers-acquires-atlantic-metro\/","title":{"rendered":"365 Data Centers Acquires Atlantic Metro"},"content":{"rendered":"\t\t
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365 Data Centers Acquires Atlantic Metro<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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365 Data Centers<\/a>, a leading provider of network-centric colocation and other Infrastructure-as-a-Service (IaaS) solutions, announces its acquisition of Atlantic Metro Communications, which provides tailored colocation, network and cloud services to large and mid-size enterprises. While continuing to build 365\u2019s presence in the data-intensive northeast corridor, the transaction solidifies 365\u2019s position as one of the largest, privately held IaaS providers in the Eastern U.S.<\/p>

The acquisition adds a data center facility in Herndon, Virginia, along with partner operated colocation space and available power in northern Virginia and Los Angeles. The transaction delivers 65 additional network points-of-presence (PoPs), particularly in the Boston, New York, New Jersey, Philadelphia and Virginia metro markets and several international locations. The deal also contributes cloud platforms in New York, New Jersey, Virginia, Miami and Los Angeles. 365 is now positioned to serve customers at its 13 redundantly interconnected data centers and 5 additional partner operated facilities, and from 86 PoPs and 7 cloud platform locations.<\/p>

\u201cThis transaction is a milestone event for both companies,\u201d says Bob DeSantis, Chief Executive Officer of 365 Data Centers. \u201c365\u2019s acquisition of a highly respected business with a track record of providing customers with high touch, hybrid infrastructure solutions is a tribute to Atlantic Metro\u2019s management and employees, who will become part of the 365 team. For 365, this acquisition expands our geographic and infrastructure footprint, complements our existing IaaS offerings, and significantly increases our customer base, revenue, and cash flow \u2013 all of which greatly benefits our customers. 365 remains strategically disciplined with a focus on network-centric colocation assets and complementary network and virtual services in edge markets within the northeast quadrant of the United States, Tennessee and Florida.\u201d<\/p>

Atlantic Metro\u2019s founders and key leaders will join the 365 executive team, reporting to DeSantis. Stephen Klenert has been named 365\u2019s Senior Vice President, Customer Solutions & Implementation; James Cornman becomes 365\u2019s Chief Technology Officer; and Steve Oakie joins 365 as Senior Vice President, Sales & Marketing. \u201cThe product knowledge and expertise of these industry veterans will be invaluable as we quickly integrate into one, robust 365 brand,\u201d comments DeSantis.<\/p>

\u201cSince 2011, we\u2019ve built a company that we\u2019re very proud of and did it without a lot of capital,\u201d says Matthew Lombardi, CEO of Atlantic Metro. \u201cThis transaction will enable continued growth through increased investment in infrastructure and managed services. 365 has a talented team of experienced investors, operators, and technologists who share our vision and bring enterprise-scale resources.\u00a0This combined technology platform provides 365 with an advantage at an exciting time in our industry.\u201d<\/p>

The Atlantic Metro acquisition continues 365\u2019s rapid growth trend. Over the last year, the company acquired colocation businesses and facilities in\u00a0New Jersey\u00a0and\u00a0Long Island.\u00a0Last month, 365 announced that\u00a0Stonecourt Capital\u00a0acquired a majority stake in the company and original investors Lumerity Capital and Longboat Advisors reinvested into the new partnership. That transaction provided 365 with substantial financial resources to fund its internal and external growth strategies.<\/p>

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to Atlantic Metro. Shipman & Goodwin LLP and Polsinelli PC served as legal counsel to 365, and Ferdinand IP served as legal counsel to Atlantic Metro. Affiliated funds and accounts of Cerberus Business Finance, Everberg Capital, and ORIX Corporation USA\u2019s Special Opportunities Group provided financing for the transaction.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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About 365 Data Centers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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365 Data Centers is a leading network centric colocation provider operating 13 carrier-neutral data centers located in strategic, primarily edge markets. We offer a comprehensive suite of solutions that includes secure and reliable edge colocation, nationwide network connectivity, cloud compute and storage, DRaaS, BaaS, and business continuity services.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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365 Data Centers Acquires Atlantic Metro 365 Data Centers, a leading provider of network-centric colocation and other Infrastructure-as-a-Service (IaaS) solutions, announces its acquisition of Atlantic Metro Communications, which provides tailored colocation, network and cloud services to large and mid-size enterprises. While continuing to build 365\u2019s presence in the data-intensive northeast corridor, the transaction solidifies 365\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-405","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\n365 Data Centers Acquires Atlantic Metro - 365 Data Centers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/365datacenters.com\/365-data-centers-acquires-atlantic-metro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"365 Data Centers Acquires Atlantic Metro - 365 Data Centers\" \/>\n<meta property=\"og:description\" content=\"365 Data Centers Acquires Atlantic Metro 365 Data Centers, a leading provider of network-centric colocation and other Infrastructure-as-a-Service (IaaS) solutions, announces its acquisition of Atlantic Metro Communications, which provides tailored colocation, network and cloud services to large and mid-size enterprises. While continuing to build 365\u2019s presence in the data-intensive northeast corridor, the transaction solidifies 365\u2019s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/365datacenters.com\/365-data-centers-acquires-atlantic-metro\/\" \/>\n<meta property=\"og:site_name\" content=\"365 Data Centers\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T17:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-01T19:09:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/datacen365.wpengine.com\/wp-content\/uploads\/2022\/05\/cropped-Favicon_365.png\" \/>\n<meta name=\"author\" content=\"datacen365\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"datacen365\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/365datacenters.com\\\/365-data-centers-acquires-atlantic-metro\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/365datacenters.com\\\/365-data-centers-acquires-atlantic-metro\\\/\"},\"author\":{\"name\":\"datacen365\",\"@id\":\"https:\\\/\\\/365datacenters.com\\\/#\\\/schema\\\/person\\\/5ce145e36cf228bcfe33494130b83b8f\"},\"headline\":\"365 Data Centers Acquires Atlantic Metro\",\"datePublished\":\"2020-11-16T17:10:00+00:00\",\"dateModified\":\"2022-06-01T19:09:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/365datacenters.com\\\/365-data-centers-acquires-atlantic-metro\\\/\"},\"wordCount\":616,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/365datacenters.com\\\/365-data-centers-acquires-atlantic-metro\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/datacen365.wpengine.com\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/cropped-Favicon_365.png\",\"articleSection\":[\"Press Release\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/365datacenters.com\\\/365-data-centers-acquires-atlantic-metro\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/365datacenters.com\\\/365-data-centers-acquires-atlantic-metro\\\/\",\"url\":\"https:\\\/\\\/365datacenters.com\\\/365-data-centers-acquires-atlantic-metro\\\/\",\"name\":\"365 Data Centers Acquires Atlantic Metro - 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