Colony Capital Portfolio Company DataBank Announces Strategic Investment in EdgePresence
Colony Capital (NYSE: CLNY) announced a strategic $30 million investment in EdgePresence, enhancing its digital infrastructure portfolio. This investment enables DataBank, Colony's balance sheet investment, to expand its edge data center strategy, providing scalable solutions to meet the demands of 5G and IoT applications. EdgePresence's modular data centers will allow DataBank to colocate customer workloads closer to end-users, thus reducing latency. The partnership with Vertical Bridge will further enhance deployment capabilities across the U.S., aiming to revolutionize data center solutions for various industries.
- Colony Capital invested $30 million in EdgePresence, strengthening its digital infrastructure strategy.
- This investment allows DataBank to expand its footprint, enhancing its edge data center capabilities.
- Partnership with Vertical Bridge will accelerate infrastructure solutions deployment.
- None.
LOS ANGELES--(BUSINESS WIRE)--Colony Capital, Inc. (NYSE: CLNY) today announced that DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, and a balance sheet investment of Colony Capital, has made a
EdgePresence's Edge Data Centers (EDCs) are modular, purpose-built data centers, comprehensively and compactly designed to include critical power, monitoring, physical security, and cooling. Located at targeted locations at the base of cell towers, key real estate, and enterprise campus locations, these EDCs will enable DataBank to colocate its customer workloads at the "far edge" to further reduce latency and improve performance for select applications. This modular capability complements and expands DataBank's edge strategy and comes just weeks after it announced a tripling of its footprint with the acquisition of Zayo Group's zColo data centers.
"With the continued expansion of 5G and internet infrastructure, we are seeing the need for geographic specific colocation solutions," said Raul K. Martynek, Chief Executive Officer of DataBank. "EdgePresence's modular installations will allow DataBank to deploy these targeted solutions for specific applications and use cases where traditional data center options are not optimal. DataBank's expanded footprint with the combination of zColo facilities and EdgePresence modular solutions will allow us to offer customers nearly unlimited geographic flexibility for their IT infrastructure."
The announcement is yet another example of the convergence of digital infrastructure and the ecosystem benefits of partnering with DataBank's lead investor, Digital Colony, the digital infrastructure arm of Colony Capital. EdgePresence has partnered with Digital Colony portfolio company Vertical Bridge, the largest private owner and operator of communications infrastructure and locations in the United States, to deploy its solutions at more than a dozen Vertical Bridge locations. The combination of Vertical Bridge, DataBank and EdgePresence assets will accelerate the deployment of novel infrastructure solutions for cloud, content, and technology customers.
"Since 2018, EdgePresence has established an important strategic position at the 'far edge,'" said Doug Recker, Founder and President of EdgePresence. "By joining forces with DataBank, we'll act as a force multiplier for their edge data center strategy, helping to bring data centers closer to the data pools being created by users, enabling next-generation, data-localization strategies and applications for 5G and the IoT."
EdgePresence will continue to be led by Mr. Recker and the existing management team, and will collaborate closely with DataBank's leadership team to expand its modular data center solutions.
"I couldn't be more pleased to welcome Doug and his team to the DataBank family," said Kevin Ooley, President and Chief Financial Officer of DataBank. "We look forward to leveraging their innovative capabilities to further advance our Data Center Evolved™ strategy."
About Colony Capital
Colony Capital, Inc. (NYSE: CLNY) is a leading global investment firm with a heritage of identifying and capitalizing on key secular trends in real estate. The Company manages a
About DataBank
DataBank is a leading provider of enterprise-class data center, cloud, and interconnection services, offering customers
About EdgePresence
EdgePresence, an owner and operator of multi-tenant, edge computing points-of-presence (PoPs), providing space, power, bandwidth, and interconnection, is currently deploying its edge data centers (EDCs) across markets throughout the U.S. Edge Data Centers are purpose-built edge micro data centers, comprehensively and compactly designed to include critical power, distribution, physical security and cooling. EDCs are anchored at the base of cell towers, key real estate, and enterprise campus locations enabling us to deploy within 12 miles from end users. This can be called the "far edge." EdgePresence is serving as a turnkey solution for businesses looking to implement a flexible and dynamic edge compute strategy, nationally. Along with its Cell Tower partners, EdgePresence will build, deploy and operate hundreds of micro edge data centers across the United States.
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