|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
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 1, 2016 12:00 AM EDT Reads: 1,029
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 ...
Apr. 30, 2016 10:45 PM EDT Reads: 646
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Apr. 30, 2016 10:00 PM EDT Reads: 1,074
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Apr. 30, 2016 08:15 PM EDT Reads: 1,795
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Apr. 30, 2016 05:30 PM EDT Reads: 704
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Apr. 30, 2016 04:45 PM EDT Reads: 1,051
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Apr. 30, 2016 04:15 PM EDT Reads: 746
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Apr. 30, 2016 04:15 PM EDT Reads: 1,665
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Apr. 30, 2016 04:15 PM EDT Reads: 565
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Apr. 30, 2016 04:00 PM EDT Reads: 554
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Apr. 30, 2016 03:30 PM EDT Reads: 1,438
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
Apr. 30, 2016 03:15 PM EDT Reads: 751
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
Apr. 30, 2016 02:30 PM EDT Reads: 1,706
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
Apr. 30, 2016 02:15 PM EDT Reads: 1,452