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NEW YORK, NY – VSS, a private investment firm, today announced its investment in QuadraNet, a full-service data center provider that offers managed services, both private and public cloud solutions, IaaS deployments, and traditional colocation and IP transit services. QuadraNet’s services span across the United States in well-known peering-exchange locations, including: Los Angeles, Dallas, Miami, Atlanta, Chicago, and New Jersey. Along with physical presences in each of these locations, they also offer services out of various “virtual Points-Of-Presences” (POPs) allowing streamlined service deployments in other locations, such as New York, Virginia, Missouri, Arizona and overseas in Amsterdam.

QuadraNet was founded almost two decades ago in 2001 by Ilan Mishan. As the company grew, they became a dedicated provider in geographically diverse bespoke services, known historically for their competitive offerings in the colocation marketplace. From single-server rackspace offerings, cabinet space (fractional and full cabinets), all the way to fully tailored private suites that are built out of compliance and client requirements.


Additionally, QuadraNet is well-known in the marketplace for Infrastructure-as-a-Service (IaaS) solutions; now available both in a traditional fashion as well as with virtualization options that provide clients with unwavering flexibility when it comes to delivering the right solution for the specific service role and performance requirements.

QuadraNet’s long-standing history has always been intrinsically involved in the bandwidth and IP Transit marketplace. Through the relationships formed organically over time with all the major carriers in their strategically located data centers that are well-known peering-exchange points, QuadraNet effectively leverages their relationships and history to provide unparalleled Layer 2 IP Transport and Layer 3 IP Transit solutions to their clientele through the most popular and sought out carriers in the market, both domestic and international (e.g. Equinix, Zayo, Coresite, Telefonica).

Lastly, an increasing amount of QuadraNet’s growth has been driven by their focused efforts expanding from the SMB space into offering high-quality Enterprise Solutions; deployments that are completely architected for meeting the higher-availability requirements and compliance requirements of a wide-range of enterprises and industries.

“We look forward to working with the VSS team, leveraging their experience in IT and cloud services to propel QuadraNet’s growth,” said Ilan Mishan, CEO of QuadraNet, further elaborating, “VSS’s investment will be key in expanding geographically and providing our clients with even higher levels of service and satisfaction.”

Trent Hickman, VSS Managing Director, added, “QuadraNet has grown impressively and we see a terrific opportunity to assist them in further expanding their reach and deepening their penetration of existing markets. We are thrilled to partner with Ilan Mishan and the strong team he has built over the years. We’re excited to leverage our experience in their next phase of strong growth.”

VSS has over 25 years of experience in the IT services sector, with prior investments including Coretelligent, a provider of comprehensive IT and private cloud services; Hostway, a provider of web hosting solutions; and IT-Ernity, a provider of mission-critical managed hosting services in the Netherlands.

About VSS
VSS is a private investment firm that invests in the information, education, healthcare, and tech-enabled business services industries. VSS provides capital for growth financings, recapitalizations, strategic acquisitions and buyouts to lower middle market companies and management teams with the goal of building companies organically as well as through a focused add-on acquisition program. VSS makes privately-negotiated investments across the capital structure and has the ability to invest in situations requiring control or non-control equity, mezzanine securities and structured equity securities.

About QuadraNet
QuadraNet, Inc. is a full-service data center provider headquartered in downtown Los Angeles, California — one of the most well-regarded peering-exchanges locations. Their data center locations include the cities of Los Angeles, Dallas, Miami, Atlanta, Chicago, and New Jersey. QuadraNet’s exclusive services and large portfolio of services, all engineered and optimized with their proprietarily developed Intelligent Monitoring Platform (IMP) include infrastructure as a service (IaaS) deployments; colocation and data center space of all sizes; both managed services and remote hands services; public and private cloud service offerings; bespoke enterprise-architected solutions, and traditional dedicated services and IP Transit services that have high-capacity backbones world-wide.

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MANASSAS, VA – Leading cloud service provider Leaseweb USA today announces it has acquired ServInt, a Northern Virginia-based pioneer in web hosting and leading provider of managed hosting services for cloud IT operations. ServInt was founded in 1995 and has since become a renowned brand in the US cloud and hosting industry. The acquisition supports Leaseweb in its ambition to increase its footprint and customer base in the United States, as well as adding deep expertise in the large and growing third-party managed services market. Financial details of the transaction were not disclosed.

Leaseweb USA, part of Leaseweb Global, entered the United States market in 2011 and has since grown its presence both organically and through the acquisitions of Shore.net in 2013 and Nobis Technology Group in 2016. Through the addition of ServInt, Leaseweb USA is substantially increasing its footprint in the United States. Current ServInt customers can instantly benefit from the Leaseweb services offering and its global presence through its 19 datacenters across four continents.


In conjunction with its web hosting offerings, ServInt provides end-to-end solutions for public, private and hybrid cloud-based offerings. These include AWS, Microsoft Azure and Google Cloud solutions. Also, ServInt offers consultancy and IT extension services. Leaseweb USA has brought all ServInt employees on board. By adding the very skilled team to its staff, Leaseweb USA has expanded its capabilities to create a value proposition for customers looking for managed IT services at a competitive price.

Lex Boost, CEO of Leaseweb USA, says: “We are delighted to welcome the ServInt team to Leaseweb to further strengthen our position in the USA. They hold a phenomenal track record on servicing and retaining their customers and their philosophy that a strong team makes a strong company fits ours seamlessly. With ServInt we added another building block to become a leading cloud services provider in the United States.”

Reed Caldwell, Founder & CEO at ServInt, adds: “Leaseweb and ServInt are very similar in many ways. In the mid-nineties, we both saw the potential of the internet and decided to make a business out of it. Twenty plus years on we can look back on some great achievements. I’m proud that ServInt is now joining the Leaseweb family, giving clients access to the same experts and services they’re used to, whilst having the ability to take advantage of a strong, global operation in Leaseweb.”

About Leaseweb
Leaseweb is a leading Infrastructure as a Service (IaaS) provider serving a worldwide portfolio of 17,500 customers ranging from SMBs to Enterprises. Services include Public Cloud, Private Cloud, Dedicated Servers, Colocation, Content Delivery Network, and Cyber Security Services supported by exceptional customer service and technical support. With more than 80,000 servers under management, Leaseweb has provided infrastructure for mission-critical websites, Internet applications, email servers, security, and storage services since 1997. The company operates 19 data centers in locations across Europe, Asia and North America, all of which are backed by a superior worldwide network with a total capacity of more than 5.5 Tbps. Leaseweb offers services through its various subsidiaries, which are Leaseweb Netherlands B.V. (“Leaseweb Netherlands”), Leaseweb USA, Inc. (“Leaseweb USA”), Leaseweb Asia Pacific PTE. LTD (“Leaseweb Asia”), Leaseweb CDN B.V. (“Leaseweb CDN”), Leaseweb Deutschland GmbH (“Leaseweb Germany”), Leaseweb Australia Ltd. and Leaseweb UK Ltd.

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SAN JOSE, CA – Infomart Data Centers (“Infomart”), a national wholesale carrier-neutral data center provider, today announced the sale of three of its data centers and its management company to IPI Data Center Partners Management, LLC (“IPI Partners”) by ASB Real Estate Investments. IPI Partners is an investor in data centers and other technology and connectivity-related real assets. Financial terms were not disclosed.

As part of the transaction, an affiliate of IPI Partners will acquire Infomart’s data centers in San Jose, California; Hillsboro, Oregon; and Ashburn, Virginia. Combined, the three data centers total 665,000 square feet with 27.2 megawatts of total in-place capacity and 29.7 megawatts of additional expansion potential. Infomart’s high-quality facilities in top locations have attracted a blue-chip list of global technology and enterprise tenants across the portfolio. In-place capacity as well as expansion opportunities will help enable the company to continue to grow with existing and new tenants.


About Infomart Data Centers
Founded in 2006, Infomart Data Centers is an award-winning industry leader in building, owning and operating highly efficient, cost-effective wholesale data centers. Each of its national facilities meets or exceeds the highest industry standards in all operational categories of availability, security, connectivity and physical resilience. Recognized for its consistent excellence, Infomart Data Centers is dedicated to maintaining its reputation of reliability and best-in-class management while offering flexible solutions to meet the needs of its clients. Since the company’s inception, Infomart has demonstrated its commitment to environmental responsibility in designing and building energy-efficient and sustainable data centers for performance-driven organizations. Infomart Data Centers offers highly connected wholesale and colocation facilities in Tier I markets throughout the United States. For more information, please visit www.infomartdatacenters.com or connect with Infomart on Twitter and LinkedIn.

About IPI Data Center Partners Management, LLC
IPI Data Center Partners Management, LLC invests in data centers and other technology and connectivity-related real assets and is sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC.

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Ashburn, VA – RagingWire Data Centers, Inc., the premier data center provider in North America and its parent company NTT Communications (NTT Com), the information and communications technology (ICT) solutions and international communications business within the NTT Group (TYO: 9432), today announced the opening of its new Ashburn VA3 Data Center, a state-of-the-art facility with 245,000 square feet of space and 16 megawatts of critical power, located on RagingWire’s new Ashburn Data Center Campus.

“With 16 megawatts available today at the new VA3 Data Center and massive scalability in our new Ashburn Data Center Campus, RagingWire has become the destination of choice for hyperscale, high-growth customers in the top data center market in the world,” said RagingWire President and CEO Doug Adams. “Plus our global reach enables our customers to extend their computing systems in Ashburn to data centers around the world for greater access and availability than ever before.”


The VA3 Data Center is RagingWire’s third data center in Ashburn, and the first building on RagingWire’s new Ashburn Data Center Campus, a 78-acre parcel of land that is planned to contain seven data centers with a total of 108 megawatts of critical load and over 1 million square feet of space on a highly secured location. Construction of the new Ashburn VA4 Data Center is underway on the Ashburn Data Center Campus and is expected to be completed in 2019. Pre-leasing of VA4 is available now for 16 megawatts of critical power and approximately 200,000 square feet of data center space, including approximately 15,000 square feet of office space, conference rooms, and lounges.

“Congratulations to RagingWire for opening the new VA3 Data Center and Ashburn Data Center Campus,” said Masaaki Moribayashi, Senior Vice President of Cloud Services at NTT Communications and Member of the Board for both NTT Communications and RagingWire. “Through your innovation and execution, RagingWire has helped NTT Communications become one of the largest and most successful data center companies in the world.”

RagingWire’s Ashburn VA3 Data Center is designed for flexibility and scale, with options for dedicated electrical and mechanical infrastructure in each of its six private vaults, which can also be subdivided. The computer room white space features a column-free layout and high ceilings and doorways for optimal space management. For telecommunications, VA3 connects to RagingWire’s other two Ashburn data centers via a private fiber optic ring, and has three entry points for more than 25 carriers and cloud providers. For security, VA3 features a building-within-a-building design, iris scanners, intelligent high-definition video cameras that analyze suspicious behavior, anti-tailgate mantraps, an anti-climb perimeter fence, and a security gate that can stop a 15,000-pound truck traveling at 30 mph. Customer amenities include office space, conference rooms and lounges, a game room, exercise room, conference center, and secured outdoor patio.

RagingWire’s VA1, VA2 and VA3 data centers in Ashburn give customers a total of more than a half-million square feet of space and 44.4 megawatts of power in the most desirable data center location in the world. These Ashburn data centers are also connected with other RagingWire campuses in Dallas, Texas and Northern California near Silicon Valley, as well as to the company’s global data center platform of over 140 data centers in more than 20 countries/regions operated under the Nexcenter™ brand of NTT Communications.

About RagingWire Data Centers
RagingWire Data Centers designs, builds, and operates mission critical data centers that deliver 100% availability, high-density power, flexible configurations, carrier neutral connectivity, and superior customer service. The company has 113 megawatts of critical IT power spread across 1.5 million square feet of data center infrastructure in Ashburn, Virginia; Dallas, Texas; and Northern California with significant growth plans in these locations and other top North American data center markets. As part of the NTT Communications group, RagingWire is one of the largest wholesale data center providers in the world with a global network of 140 data centers in 20 countries and regions operated by NTT Communications under the Nexcenter™ brand, and one of the most financially strong companies in the data center industry. For more information visit www.ragingwire.com.

About NTT Communications Corporation
NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company’s worldwide infrastructure, including the leading global tier-1 IP network, the Arcstar Universal One™ VPN network reaching over 190 countries/regions, and over 140 secure data centers worldwide. NTT Communications’ solutions leverage the global resources of NTT Group companies including Dimension Data, NTT DOCOMO, and NTT DATA. www.ntt.com | Twitter@NTT Com | Facebook@NTT Com | LinkedIn@NTT Com

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DENVER – CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced the availability of dedicated, private connectivity into VMware Cloud™ on AWS. VMware Cloud on AWS brings together VMware’s enterprise-class Software-Defined Data Center (SDDC) software and elastic, bare-metal infrastructure from Amazon Web Services (AWS) to give organizations a consistent operating model and application mobility across private and public cloud resources. Direct connectivity to VMware Cloud on AWS is now available through fiber interconnections or through the CoreSite Open Cloud Exchange in four CoreSite markets, including Boston, Denver, New York and Northern Virginia.

CoreSite is an AWS Advanced Technology Partner and is one of the first data center providers to offer dedicated, private connectivity to VMware Cloud on AWS, providing a high-performance hybrid infrastructure that enables customers to seamlessly integrate their on-premises VMware infrastructure with VMware Cloud on AWS resources. CoreSite customers that leverage direct connectivity to VMware Cloud on AWS will benefit from the scale, flexibility, performance and security of the AWS Cloud, while reducing network latency by more than 40% and reducing data transfer costs by as much as 70%.


Luke Norris, Chief Executive Officer at Faction, a CoreSite customer and VMware partner, commented, “As a leading managed-service provider offering VMware Cloud on AWS services, we chose CoreSite’s secure, reliable data centers enabled with AWS Direct Connect to build high-performance, scalable hybrid cloud solutions for our customers.”

“VMware Cloud on AWS provides customers a seamlessly integrated hybrid cloud offering that gives customers the SDDC experience from the leader in private cloud, running on the leading public cloud provider, AWS,” said Mark Lohmeyer, vice president and general manager, Cloud Provider Unit, VMware. “Solutions such as VMware Cloud on AWS enable IT teams to reduce cost, increase efficiency, and create operational consistency across cloud environments. We’re excited to work with partners such as CoreSite to enhance native VMware Cloud on AWS capabilities and empower customers with flexibility and choice in solutions that can drive business value.”

“We are excited to be one of the first data center providers to offer our customers access to VMware Cloud on AWS, enabling secure and flexible cloud connectivity that can scale with their business demands”, said Steve Smith, Senior Vice President of Sales and Marketing at CoreSite. “As a trusted provider of AWS Direct Connect since 2011, and an Amazon Partner Network (APN) Technology partner, we are pleased to expand the solutions we provide our customers by partnering with VMware.”

About VMware Cloud on AWS
Delivered, sold and supported by VMware as an on-demand service, and running on elastic, bare-metal AWS infrastructure, VMware Cloud on AWS is powered by VMware Cloud Foundation™, the unified SDDC platform that integrates vSphere, VMware vSAN™ and VMware NSX® virtualization technologies. With the same architecture and operational experience on-premises and in the cloud, IT teams can quickly derive business value from use of the AWS and VMware hybrid cloud experience. For more information on the VMware Cloud on AWS partner ecosystem, visit: http://cloud.vmware.com/vmc-aws. VMware, VMware Cloud, vSphere, Cloud Foundation, vSAN, and NSX are registered trademarks or trademarks of VMware, Inc. in the United States and other jurisdictions.

About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,200 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 450+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.

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BOSTON – Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, today announced it has entered into a definitive agreement to acquire the U.S. operations of IO Data Centers LLC, a leading colocation data center services provider based in Phoenix, Arizona, for $1.315 billion plus up to $60 million based on future performance and subject to customary adjustments. With the transaction, Iron Mountain will acquire the land and buildings associated with four state-of-the-art data centers in Phoenix and Scottsdale, Arizona; Edison, New Jersey; and Columbus, Ohio. The existing data center space in the four owned facilities totals 728,000 square feet, providing 62 megawatts (MW) of capacity with expansion potential of an additional 77 MW in Arizona and New Jersey.

This agreement follows the acquisition of FORTRUST data center on September 1, 2017 and the announcement of Iron Mountain’s international data center expansion through the planned acquisition of two Credit Suisse data centers in the London and Singapore markets. Upon closing of the Credit Suisse and IO transactions in early 2018, Iron Mountain’s data center portfolio will total more than 90 MW of existing capacity, with an additional 26 MW of capacity currently under construction and planned and future expansion potential of another 135 MW.


“We continue to experience strong demand and growth in our data center business, with a focus on establishing a presence in the largest global markets for colocation and enterprise customers. Our strategy includes organic expansion within our existing footprint, greenfield development in the largest U.S. markets such as our newly opened campus in Northern Virginia, and targeted acquisitions of properties with customer profiles that closely mirror our own,” said Iron Mountain President and CEO William L. Meaney.

“This transformative transaction is closely aligned with our strategy and we expect it to accelerate our growth profile by bringing our data center business to approximately 7% of total revenue and approximately 10% of Adjusted EBITDA by 2020 – significantly exceeding our initial goal – while enhancing business diversity and the margin profile of the company,” Meaney added. “We believe we can add significant value to IO’s U.S. operations by leveraging our strong brand that is synonymous with security and trust, and our relationships with more than 30,000 North American data management customers.

“The addition of IO’s data centers enhances our geographic diversification and provides market-leading exposure to Phoenix, the fourth fastest market for absorption in the U.S. in 2017, and the 12th largest data center market globally. Colocation and cloud providers have made significant investments in Phoenix in the past few years, as it boasts diverse energy sources and relatively inexpensive green power, as well as an attractive business environment,” said Mark Kidd, Senior Vice President and General Manager, Iron Mountain Data Centers. “Importantly, this transaction also enhances our ability to support the needs of the largest cloud providers through new development with expansion capacity in Phoenix as well as New Jersey, another attractive market due to its proximity to the New York metro area.”

“Additionally, IO brings a diversified roster of more than 550 customers that includes blue chip financial services, aerospace, federal government and technology companies among its Top 10, with no single customer representing more than 10% of total revenue. Its strong enterprise and cloud customer base is complementary to that of our existing data center business, and more than 40% of IO’s customers are also customers in our core records and data management businesses,” Kidd said.

“I am incredibly proud of the team at IO and the extraordinary company they have built since our founding in 2007,” said George D. Slessman, founder and CEO of IO. “We are pleased to enter into an agreement with Iron Mountain and excited by the potential this transaction represents. Iron Mountain’s deep customer relationships, global scale and excellent access to capital markets, combined with IO’s strong presence in the high-growth data center industry will provide attractive opportunities for our employees and a broader, more geographically diverse platform of facilities and services for our customers. We know Iron Mountain shares our commitment to the highest levels of customer service, security and operational quality, and we are confident our customers will be in good hands.”

The transaction is anticipated to close in January 2018, subject to satisfaction of customary closing conditions. The total consideration of $1.315 billion, which does not include up to $60 million of potential additional payments, represents a multiple of 15x synergized 2018 EBITDA, post integration. While data center acquisitions of this magnitude were not part of the company’s previously disclosed 2020 plan, the company expects the transaction to accelerate its revenue and Adjusted EBITDA growth. Following this transaction and anticipated financing, the company remains on track to reduce its lease adjusted leverage ratio to approximately 5x, and lower its dividend payout as a percentage of Adjusted Funds From Operations to 70-75%, assuming annual dividend per share growth of approximately 4%, all of which are consistent with its 2020 plan.

The acquisition is expected to be modestly accretive to AFFO in 2019. The company will provide specifics of the impact of the transaction on 2018 full-year expectations when it provides guidance for next year on its fourth quarter/year-end reporting conference call in February 2018.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 230,000 organizations around the world, Iron Mountain boasts a real estate network of more than 85 million square feet across more than 1,400 facilities in 53 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, cloud services, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.

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