Serverfarm Expands Capacity with Houston Data Center Acquisition
Serverfarm Expands Operations with New Acquisitions
Serverfarm, a prominent global data center developer and operator, has exciting news to share about its recent growth strategy. By acquiring two data center campuses, the company is poised to significantly bolster its capacity in the ever-evolving Houston market. This strategic move not only showcases Serverfarm's commitment to expansion but also reflects its focus on sustainable development practices.
Significant Capacity Boost with Sustainable Modernization
The newly acquired data centers are set to deliver an impressive over 500 megawatts (MW) of potential capacity. What makes this acquisition particularly noteworthy is the planned sustainable modernization of existing buildings. By leveraging innovative technologies and practices, Serverfarm aims to optimize these facilities for the modern digital landscape, ensuring efficiency and reliability for its clients.
Strategic Entry into the Texas Market
With this acquisition, Serverfarm is making a significant foray into the Texas market, known for its growing demand for data center services. This move expands Serverfarm's colocation capabilities across the United States, positioning the company to better serve its customers while responding to the increasing need for digital infrastructure in the region.
Backing from Manulife Investment Management
Funding for this impressive expansion was secured through equity commitments from Manulife Investment Management on behalf of its infrastructure funds. This partnership highlights not only the financial backing but also the shared vision for sustainable growth in the data center sector.
Future Outlook for Serverfarm
Looking ahead, Serverfarm is well-positioned to navigate the competitive data center industry. With its commitment to sustainability, a robust pipeline of modernized facilities, and strong partnerships, the company aims to continue delivering high-quality colocation services to its clients. The recent acquisition strengthens its footprint and reinforces its mission to drive innovation in the data center market.
Frequently Asked Questions
What does Serverfarm do?
Serverfarm is a global developer and operator of data centers, providing reliable and sustainable colocation services.
What is the significance of the Houston acquisition?
The acquisition adds over 500MW of potential capacity to Serverfarm's portfolio, enhancing its market presence and operational capabilities.
Who backed the acquisition financially?
Manulife Investment Management provided funding for the acquisition through equity commitments from its infrastructure funds.
What are the sustainability measures planned?
Serverfarm plans to modernize existing facilities using innovative technologies to ensure efficient and sustainable operations.
How does this affect Serverfarm's operations nationwide?
This expansion into Texas broadens Serverfarm's colocation services, allowing it to meet the growing data needs across the United States.
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