Friday, November 27, 2015

Cologix Acquires Colocation And Workspace-Recovery Provider Net Access, Boosting Its Channel Program

Cologix, a US-based data center service provider, has acquired New Jersey-based Net Access to boost its channel program in the United States. Net Access is a colocation and workspace-recovery provider with three data centers in northern New Jersey.

The Net Access data centers are only 30 miles west of New York City and are accessible from the city. This enables Cologix to address the rapidly-growing New Jersey market and provide an alternative colocation options in New York City. Financial terms of the deal were not disclosed, but Cologix said that it has expanded its credit line to $375 million to provide financing for the Net Access deal. 

The deal will provide Cologix an additional 280,000 square feet of data center space for its colocation services, it will also increase its client base by about 26 percent, to more than 1,600. The company will also gain three data centers in northern New Jersey, boosting Cologix’s data center space by about 40 percent, from 500,000 to 700,000 square feet. 

Grant van Rooyen, President and CEO Cologix, said in a statement: "Acquiring Net Access will expand Cologix's service offerings to address new demand and will allow us to introduce our unique footprint elsewhere to 700-plus new customers", and also added that: "We have been very impressed with the team and operations Net Access has built and look forward to harnessing the strength of the combined company."

Raul Martynek, CEO Net Access, said in a statement: "Our focus has been on expanding our reach because our customers and partners are increasingly asking to grow with us into new markets and for multi-market back-up solutions that we simply could not address as a standalone company."

Based in Denver, Colorado, Cologix is a network-neutral interconnection and colocation data center company. Cologix provides scalable interconnection and collocation services for carrier, media financial services and enterprise customers. Cologix operates densely connected, strategically located facilities in cities across North America region, including Columbus, Ohio; Dallas, Texas; Jacksonville, Florida; Toronto, Ontario; Lakeland, Florida; Minneapolis, Minnesota; Montreal, Quebec and Vancouver, British Columbia. In addition to those facilities, Cologix also supports four internet exchanges in Toronto, Minneapolis, Vancouver and Montreal. Currently, the company serves over 950 carrier managed services, cloud, media, content, financial services and enterprise customers.  

Before the deal with Net Access, Cologix has secured $225 million in debt funding to pay for data center construction. The company has been expanding its presence in North America region, building new data center and acquiring other data center providers. Last year, it acquired Colo5 to boost its presence in the Florida market and Ohio-based data center provider DataCenter.BZ to expand in the Columbus market. 

Cologix’s investors include RBC Capital Markets, TD Securities, CIT, ScotiaBank, ING, JPMorgan Chase, Bank of America, Raymond James and other investors.

The Net Access deal will be Cologix’s 10th acquisition, adding a new market and scale to its growing North America data center market.

Image credit: Jacksonville

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