Additional
Influx of Capital Expands T5 Data Centers' Competitive Capacity to
Deliver Enterprise and Cloud-based Data Center Services in Growing
Texas Market.
Dallas,
TX, USA (May 14, 2013) -- T5
Data Centers, innovators in providing
state-of-the-art, customizable and highly reliable computing support
environments for any enterprise, today announced the company has
completed a loan for $113 million to expand its T5@Dallas Data Center
Facility. With this additional loan, T5 Data Centers has raised a
combined $500 million over the past three years.
The
loan will be used to expand T5's data center in Plano, Texas, which
will ultimately deliver 22.5 megawatts of critical IT load power and
house 247,000 square feet under roof. The new funding round is being
led by JP Morgan Chase Bank, NA, and includes investments from Wells
Fargo Bank, RBS Citizens Financial Group, and Raymond James.
"There
is unprecedented demand for new data center capacity as more
companies invest in private cloud and expanded enterprise
infrastructures," said Peter S. Marin, President and CEO of T5
Data Centers. "According to Cisco's Visual Networking Index, a
zettabyte of data will cross the Internet in 2016 – that's 1,024
exabytes or 1.1 trillion gigabytes of data. Companies are looking to
capitalize on cloud computing resources to house their data, which is
driving demand for high-capacity, custom-built data centers like
T5@Dallas. This is the perfect time to invest in data center
expansion."
In
recent weeks, Facebook is investing $300 million for a data center in
Altoona, Iowa; and experts estimate Google is spending $1 billion per
quarter on data center construction and operations. However, there
are few vendors investing in new turnkey and purpose-built data
centers to lease capacity to companies that can't afford to build
their own infrastructure. T5 Data Centers is one of the few providers
actively developing data center environments for lease to mid-size
and large enterprise users at competitive rates.
"Market
demand and the boom in cloud-based business is driving demand for
server-ready facilities, and T5 plans to be at the forefront with
affordable, high-performance customizable and turnkey data centers,"
Marin added. "We are committed to delivering operational
excellence and unsurpassed customer service so our customers can rely
on a single source for their enterprise and cloud computing needs.
The market is ready for a vendor that can supply extensible
enterprise and cloud computing resources as needed."
About
T5 Data Centers
T5
Data Centers (T5) is a leading national data center owner and
operator, committed to delivering customizable, scalable data centers
that provide an "always on" computing environment to power
mission critical business applications. T5 Data Centers provides
enterprise and wholesale colocation data center services to
organizations across North America using proven, best-in-class
technology and techniques to design and develop facilities that
deliver the lowest possible total cost of operations for its clients.
T5 currently has business-critical data center facilities in Atlanta,
Los Angeles, Dallas, and Charlotte with new projects announced in
Portland and Colorado. All of T5's data center projects are
purpose-built facilities featuring robust design, redundant and
reliable power and telecommunications and have 24-hour staff to
support mission-critical computing applications.
For
more information, visit http://www.t5datacenters.com.
Contact:
Aaron
Wangenheim
T5
Data Centers
(415)
292-7700
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