Hilco Streambank Seeks Offers for CoreSpace Data Center Assets

Hilco Streambank's Acquisition Strategy for CoreSpace

Hilco Streambank, a prominent advisory firm in the intellectual property sector, is actively seeking offers for CoreSpace, a data center known for its extensive range of services and solid client base. This enterprise aims to position itself favorably in the rich landscape of tech offerings, opening doors for potential buyers to seize a valuable operational business.

CoreSpace's Business Model and Customer Base

CoreSpace stands out with its unique approach to serving over 200 clients in the small and medium enterprise sector. Its diversified offerings include colocation, public and private cloud services, as well as dedicated and virtual servers. The company's loyal clientele, some of whom have been with CoreSpace for over a decade, contributed to significant revenue of over $1.3 million in a recent fiscal year. This dedication to client satisfaction not only enhances retention but also boosts overall profitability.

Robust Infrastructure and Resources

The data center occupies a state-of-the-art 30,000 square foot facility, which is positioned advantageously with freeway access. This facility boasts an impressive power infrastructure, featuring 1 megawatt of conditioned power, with an additional 1.5 megawatts available through a dedicated generator. Currently, the company utilizes less than 30% of its conditioned power, presenting an excellent opportunity for expansion and growth.

Asset Value and Selling Points

CoreSpace's asset portfolio includes an extensive range of over 130,000 ARIN allocated IP addresses, along with significant hardware, trademarks, and domain names. These assets not only offer immediate value but also provide opportunities for the new owner to expand service offerings seamlessly. Hilco Streambank's CEO, Gabe Fried, emphasizes that prospective buyers can take advantage of the existing infrastructure while efficiently leveraging the capacity for new clients.

Market Position and Future Opportunities

As a valuable player in the tech industry, CoreSpace operates within a crucial segment that is experiencing continual growth. Buyers interested in this acquisition will find that CoreSpace is not merely an asset but an operational company with a solid revenue stream and a deeply knowledgeable team. The chance to enter this thriving market, particularly in a significant tech hub, is a compelling selling point.

Contact Information for Interested Buyers

For those interested in learning more about this acquisition opportunity, Hilco Streambank encourages direct communication. Prospective buyers may reach out to the firm's team for an in-depth discussion about potential offers and partnership opportunities. This initiative represents a unique chance for involvement in a well-established data center business.

Frequently Asked Questions

What is CoreSpace known for?

CoreSpace is recognized for its comprehensive data center services, including colocation and cloud solutions, with a loyal customer base.

What are the primary assets for sale in this acquisition?

The sale includes IP addresses, trademarks, domain names, and a fully equipped data center facility.

How can potential buyers get in touch?

Interested parties can reach Hilco Streambank directly via their official contact methods for detailed inquiries and negotiations.

Why is CoreSpace an attractive investment opportunity?

CoreSpace offers a functional business model, extensive infrastructure, and an established customer base, providing a solid foundation for growth.

What role does Hilco Streambank play in this acquisition?

Hilco Streambank serves as the advisory firm facilitating the acquisition process, leveraging its expertise in intellectual property and business transactions.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

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