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Pacnet to Spend $300M on Data Center Builds in Asia
February 25, 2010 -- Asia-wide undersea cable network operator Pacnet announced on Tuesday it is making a $300 million investment to build a data center network in Asia, as it diversifies in the run-up to a planned IPO.
Parallels Summit 2010 - Day 3 Session: How Cloud affects Deal Valuation and M&A volume
February 24, 2010 -- In his presentation "How Cloud affects Deal Valuation and M&A volume", DH Capital managing director Paul Stapleton talked about how cloud computing can influence the financing and investing nature of a company.
Web Host iWeb Reveals Q1 Results, New Board Director
February 22, 2010 -- Canadian Web hosting provider iWeb Group announced on Monday its financial results for the first quarter ended December 31, 2009, as well as named René Bousquet the company's new director.
Web Host Rackspace Sees Strong Q4 Earnings
February 17, 2010 -- Web hosting company Rackspace Hosting announced on Wednesday its fourth quarter earnings which exceeded market projections.
DuPont Fabros Resumes New Jersey Data Center Build
February 12, 2010 -- Data center real estate investment trust DuPont Fabros announced on Wednesday it has resumed construction on its NJ1 data center project in New Jersey, after it was forced to postpone the build last November to obtain adequate financing.
Layered Tech Raises $20M from Investors
February 4, 2010 -- Managed hosting provider Layered Technologies announced on Thursday it has received a growth equity investment from a group of investors led by private equity investment firm Accel-KKR.
Interxion Raises $278M in Senior Notes
February 3, 2010 -- European data center operator Interxion announced on Tuesday it has raised about $278 million (€200 million) through a sale of senior secured notes.
Level 3 to Buy Back $550M in Senior Notes
January 6, 2010 -- Level 3 Communications announced on Tuesday it is planning an offering of $640 million in senior notes, in which it will use the proceeds to buy back $550 million in 12.25 percent senior notes due in 2013
Peak 10 Expands Credit Facility to $95M
January 5, 2010 -- Managed services provider Peak 10 announced on Tuesday it has expanded its credit facility to $95 million in an effort to accelerate its expansion plans and finance the development in its high-growth metropolitan markets.
Rackspace Reports Earnings, Conducts IT Buying Study
November 10, 2009 -- Web hosting provider Rackspace reported on Tuesday the results of its third quarter earnings, which met market estimates and showed better-than-expected revenue due to strong growth at both its managed hosting and cloud businesses.
Tech Firms Make Deloitte 2009 Technology Fast 500
November 2, 2009 -- International accounting and consulting firm Deloitte announced the 2009 Technology Fast 500 winners, which highlights the top 500 fastest-growing technology companies in the United States and Canada.
Savvis Sees Decline in Q3 Revenues
October 29, 2009 -- Internet infrastructure services provider Savvis reported on Thursday its third quarter 2009 financial results, which saw a decline from Q3 2008, dropping from $218.4 million to $213.2 million.
Mad Money Host Claims Death of Data Centers
October 27, 2009 -- Jim Cramer discussed the data center sector on his CNBC finance program "Mad Money" last Thursday, where he told viewers to "get out of the data-center stocks".
Digital Realty Trust Signs 90k Sq Ft in Q3 Leases
October 23, 2009 -- Data center operator Digital Realty Trust announced on Thursday it has commenced leases of about 90,000 square feet of data center space in the third fiscal quarter ending September 30 and signed leases on an additional 67,000 square feet of space.
Goldman Sachs Raises Rackspace Rating
October 8, 2009 -- Web hosting provider Rackspace's shares have received a boost from Goldman Sachs analyst Winston Len after he raised the company's rating from "Neutral" to "Buy", increasing its price tag from $16 to $23.
DH Capital Closes $20M Debt Financing for SoftLayer
September 30, 2009 -- Investment banking firm DH Capital announced on Wednesday it has closed $20 million in financing for SoftLayer Technologies from an unidentified private investment group.
Amazon Stops Construction on Oregon Data Center
September 15, 2009 -- Citing the ongoing recession as its reason, construction on Amazon's data center in eastern Oregon has "quietly come to a halt," according to a report by InformationWeek, which visited the site.
GI Sells Frankfurt Data Center to Equinix for $28M
September 14, 1009 -- Private equity firm GI Partners announced on Monday it has sold its Frankfurt data center for $28 million to Equinix (Holding) BV, a wholly owned subsidiary of Equinix
Q&A: Mitch Green, Clarivest
September 4, 2009 -- Last week, Canadian merchant bank Clairvest Group and Clairvest Equity Partners III Limited Partnership acquired 17.2 percent of the common shares of managed hosting provider PEER 1 Network Enterprises from Celerity Partners SBIC.
Clairvest Buys 17.2% of PEER 1 Stock
August 25, 2009 -- Canadian merchant bank Clairvest Group and Clairvest Equity Partners III Limited Partnership announced on Tuesday it has acquired 17.2 percent of the common shares of managed hosting provider PEER 1 Network Enterprises.
Colo Firm UnitedLayer Reports Q2 Results
July 15, 2009 -- Colocation provider UnitedLayer announced on Wednesday it has had a profitable second quarter of 2009, despite the recession.
Colo Teraco Raises $6M in Financing
July 13, 2009 -- South African colocation provider Teraco Data Environments announced on Monday it raised $6 million in a successful Series-B round of financing, consisting of equity and loans.
Capstar to Build Largest Data Center in the US
June 12, 2009 -- Dallas-based Capstar Commercial Real Estate Services is investing millions of dollars to redevelop a former telecommunications equipment plant in Mesquite, Dallas into what it says will be the largest data center in the country, according to a report by the Dallas News.
Terremark Proposes $400M Senior Secured Notes
June 9, 2009 -- Colocation provider and data center operator Terremark Worldwide announced on Tuesday it is planning to make a private offering of about $400 million in senior secured notes due in 2017.
Telx Gets $43.5M in New Financing
June 3, 2009 -- Colocation provider Telx announced on Wednesday that it has secured $43.5 million in new financing from CIT Communications, Media & Entertainment and RBC Capital Markets, replacing its former term loan and providing funding for new projects and business enhancements.
Apple Plans $1B NC Data Center Build
May 27, 2009 -- Apple is reportedly planning to build a new US data center that could cost upwards of $1 billion, which is nearly double the amount that Microsoft and Google typically spend on building large data centers that power their cloud computing platforms.
RIM to Build Atlanta Data Center
May 22, 2009 -- Research In Motion, developer of the BlackBerry, announced on Thursday it plans to open a data center, according to a report by the Atlanta Business Chronicle.
Google Opens $600M Data Center in Iowa
May 20, 2009 -- Search engine giant Google announced on Tuesday it opened its new $600 million date center in Council Bluffs, Iowa bringing jobs and opportunities, according to a report by the Associated Press.
Hewlett-Packard to Cut 6,400 Jobs
May 20, 2009 -- IT giant Hewlett-Packard announced on Tuesday it will cut 2 percent of its workforce, approximately 6,400 employees, after the company's profits for the second quarter took a 17 percent dive to $1.7 billion, according to a report by The San Francisco Business Times.
DataChambers Plans Second NC Data Center
May 12, 2009 -- IT solutions provider DataChambers announced on Tuesday it plans to build a second data center on its 80-acre Winston-Salem, North Carolina campus.
Hostworks Increases Order Book to $45M
May 8, 2009 -- Managed hosting provider Hostworks announced on Thursday it reported the financial records for the first half-year since it was acquired by Broadcast Australia in March 2008.
Colo Firm AtlantaNAP Secures Bank Financing
April 27, 2009 -- Colocation provider AtlantaNAP, Global Net Access' Atlanta colocation facility, has raised $7.5 million in debt financing from RBC Bank, which will be used in place of a more expensive line of credit and expand operations, according to a report by the Atlanta Business Chronicle.
