(WEB HOST INDUSTRY REVIEW) — Colocation and network services provider Telx (www.telx.com) announced on Wednesday it has expanded its Manhattan data center at 111 8th Avenue by an additional 21,500 square feet of data center space.
The data center serves a range of financial firms, cloud infrastructure and software providers.
Financial companies in the high-frequency trading market are, in particular, one of Telx’s largest customer classes.
Telx, which recently filed for an initial public offering in which the company hopes to raise up to $100 million, decided to expand on the data center to meet its customer demand.
“Our decision to add more data center capacity to our 111 8th Avenue facility is in response to a sharp increase in demand from our financial services customers and cloud application service providers,” says Telx CEO Eric Shepcaro. “With the expanded footprint, we can immediately meet the latency, proximity, security and services requirements of the most demanding financial services and cloud computing environments.”
The added 21,500 square feet of space is the third expansion for Telx at its 111 8th Avenue facility since it acquired the meet-me-room business of NYC Connect in 2007.
The company added 5,000 square feet in 2008, then added another 14,000 square feet in early 2009.
According to Telx, the facility is one of the leading carrier hotels in Manhattan, serving more than 200 technology companies.
Telx has been actively expanding its data center footprint in recent months, including its colocation facility at 600 West 7th Street in Los Angeles and its 56 Marietta Street facility in Atlanta.
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