|By Marketwired .||
|July 14, 2014 08:37 AM EDT||
SEATTLE, WA -- (Marketwired) -- 07/14/14 -- BYTEGRID Holdings LLC, a leading data center company focused on the nationwide acquisition, development and operation of premier multi-tenant data center facilities, today announced the acquisition of NetRiver, a leading colocation provider based in Lynnwood, Washington, a northern suburb of Seattle.
The acquisition extends the BYTEGRID portfolio to the West Coast, giving the company a coast-to-coast national footprint. Additionally, the acquisition provides BYTEGRID with a managed services platform that can be introduced across the company's existing portfolio to complement its high-quality colocation offerings.
NetRiver is a full-service colocation company serving over 170 business and cloud service provider customers with premier colocation, cloud servers, managed storage and connectivity solutions. BYTEGRID plans call for a multi-million dollar expansion that will enhance the service offerings to NetRiver's existing customer base and create room for growth within the current footprint of the 45,000 square foot facility, which features 5.4 megawatts of critical power, multiple carriers and a high-availability metro area network. Long-term plans call for additional expansion on other portions of the property to support anticipated growth.
Under the terms of the transaction, BYTEGRID has acquired all of the assets of NetRiver including the customer contracts, land, and the multi-tenant data center facility. In addition, BYTEGRID has acquired the leasehold rights to a smaller second data center in Spokane, Washington, that serves primarily as a base for disaster recovery for the Seattle customers. Specific terms of the transaction were not disclosed.
NetRiver has a dominant market presence in the north end of Seattle due to a number of success factors: high-touch customer focus, availability of cloud hosting, various power redundancy offerings, metered power billing advances, high availability transport and bandwidth solutions.
In addition to continuing with the operations of NetRiver, BYTEGRID will immediately begin offering additional data center space to serve enterprise, government and service providers seeking premier colocation data center space and services in the greater Seattle Metro area. In addition, NetRiver customers will obtain immediate access to BYTEGRID's growing national footprint of high availability data center locations to support their growth needs.
"This acquisition and expansion is the latest step in the execution of our growth plan as we have evolved into a leading provider of colocation solutions to mid-market, large enterprise and government entities," said Ken Parent, BYTEGRID's CEO. "NetRiver is a leading market innovator in the Seattle area, providing premier customer service, network-neutral data centers and interconnection services to a technologically-savvy, diverse customer base. They add substantial technology expertise that will enable us to overlay mid-market colocation and managed services across our portfolio."
Don Goodwin, BYTEGRID's Executive Vice President of Sales and Marketing, added, "We are extremely excited about the global reach we achieve through this acquisition. Seattle gives us an Asia-Pacific gateway to serve our Asia-PAC customers, which complements our existing Washington, DC facility serving the European markets."
Media Venture Partners, LLC, an investment banking firm serving companies in the internet infrastructure, telecommunications, media and renewable energy sectors, served as the exclusive financial adviser to NetRiver in the transaction.
BYTEGRID's data centers are highly secure, compliant business platforms serving some of the world's largest companies and government agencies, including numerous Fortune 50 companies.
Following the acquisition of the Cleveland Technology Center in mid-2013, the company announced earlier this year the acquisition of CNA Financial Corporation's 70,000 square foot, Tier III data center featuring 6 megawatts of power capacity in Aurora, Illinois, approximately 30 miles west of downtown Chicago.
Overall, BYTEGRID owns and operates five data centers in five geographically dispersed markets encompassing more than 700,000 square feet of premier multi-tenant colocation data center space, and powered shell facilities meeting the highest standards for security and reliability.
The Company is currently leasing space in most of these centers while pursuing the acquisition of additional facilities this year and beyond.
BYTEGRID Holdings LLC focuses exclusively on the nationwide acquisition, development and operation of premier data center facilities. The company serves the growing need for mission-critical data center space by providing highly secure, interconnected, carrier-neutral, and density-robust data centers that serve commercial, government and service provider markets. A privately-held company headquartered in Northern Virginia, BYTEGRID currently owns and operates data centers in the Washington, D.C., Atlanta, GA, Cleveland, OH, Chicago, IL, and Seattle, WA Metro areas, with plans to acquire additional facilities in 2014. The company is led by industry veterans with significant experience in data center operations, design and construction; data center sales and marketing; real estate development and finance; and telecommunications. For more information, please visit www.BYTEGRID.com.
Carter B. Cromley
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Jul. 23, 2016 05:30 PM EDT Reads: 1,950
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 05:30 PM EDT Reads: 1,702
"We provide DevOps solutions. We also partner with some key players in the DevOps space and we use the technology that we partner with to engineer custom solutions for different organizations," stated Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 05:30 PM EDT Reads: 1,516
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
Jul. 23, 2016 05:15 PM EDT Reads: 633
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
Jul. 23, 2016 05:00 PM EDT Reads: 923
"Operations is sort of the maturation of cloud utilization and the move to the cloud," explained Steve Anderson, Product Manager for BMC’s Cloud Lifecycle Management, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 05:00 PM EDT Reads: 1,778
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
Jul. 23, 2016 04:45 PM EDT Reads: 887
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Jul. 23, 2016 04:30 PM EDT Reads: 660
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Jul. 23, 2016 04:00 PM EDT Reads: 2,291
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...
Jul. 23, 2016 04:00 PM EDT Reads: 1,801
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Jul. 23, 2016 04:00 PM EDT Reads: 1,963
What are the successful IoT innovations from emerging markets? What are the unique challenges and opportunities from these markets? How did the constraints in connectivity among others lead to groundbreaking insights? In her session at @ThingsExpo, Carmen Feliciano, a Principal at AMDG, will answer all these questions and share how you can apply IoT best practices and frameworks from the emerging markets to your own business.
Jul. 23, 2016 03:45 PM EDT Reads: 1,489
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jul. 23, 2016 03:30 PM EDT Reads: 1,828
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 23, 2016 03:15 PM EDT Reads: 783
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Jul. 23, 2016 03:00 PM EDT Reads: 1,644