Mar 18, 2008 : ViaWest Acquires Dataside
📅 - Colocation and managed hosting solutions provider ViaWest (viawest.net -> viawest.com -> flexential.com) announced it has acquired Dallas, Texas-based data center operator Dataside (dataside.com). The acquisition will bring ViaWest's annualized revenue to more than $100 million by the fourth quarter of 2008.
While the sum of the acquisition was not disclosed, the Dallas Business Journal reported last November that Dataside was in talks with a then-unnamed company to be purchased for "around $100 million".
The acquisition expands ViaWest's already large market presence to include data centers in Colorado, Utah, Oregon, Texas and Nevada, including four enterprise-class facilities in the Dallas, Texas area, and facilities in Austin, Plano and Las Vegas, Nevada.
Founded in 1999, ViaWest provides a range of services, including colocation, managed hosting, managed services, hybrid hosting and business continuity, to mid-sized businesses. Its customer base includes a number of high-profile businesses, including Frontier Airlines, the Denver Broncos, Exclusive Resorts and Chipotle.
Dataside launched in 1999 as Collocation Solutions, and quickly grew over a span of eight years to a total of six new data centers. In February 2004, the company acquired network services provider COMDEPOT and expanded its product line to include managed communications and WAN network services, eventually changing its name to Dataside.
"ViaWest has become a market leader in Colorado, Utah and Oregon by providing a wide range of mid-sized businesses with unparalleled support in addition to network, facility and solution sets that are second-to-none," says Roy Dimoff, chairman and CEO at ViaWest. "Likewise, Dataside has built a tremendous reputation servicing mid-size and Fortune 1000 companies' infrastructure space needs. We could not be more enthusiastic with the scale and market opportunities that this acquisition provides."
The company will introduce more managed services into the Dataside facilities throughout the next couple years. ViaWest also plans to immediately invest in expanding its existing facilities in Austin, Dallas, and Las Vegas in order to support the increasing demand for data center space.
The transaction was supported by Goldman Sachs and Wells Fargo Foothill, who provided debt financing. Goldman Sachs, Quilvest and ViaWest's existing investor group, led by Cowen Capital Partners, provided additional equity capital.
While the sum of the acquisition was not disclosed, the Dallas Business Journal reported last November that Dataside was in talks with a then-unnamed company to be purchased for "around $100 million".
The acquisition expands ViaWest's already large market presence to include data centers in Colorado, Utah, Oregon, Texas and Nevada, including four enterprise-class facilities in the Dallas, Texas area, and facilities in Austin, Plano and Las Vegas, Nevada.
Founded in 1999, ViaWest provides a range of services, including colocation, managed hosting, managed services, hybrid hosting and business continuity, to mid-sized businesses. Its customer base includes a number of high-profile businesses, including Frontier Airlines, the Denver Broncos, Exclusive Resorts and Chipotle.
Dataside launched in 1999 as Collocation Solutions, and quickly grew over a span of eight years to a total of six new data centers. In February 2004, the company acquired network services provider COMDEPOT and expanded its product line to include managed communications and WAN network services, eventually changing its name to Dataside.
"ViaWest has become a market leader in Colorado, Utah and Oregon by providing a wide range of mid-sized businesses with unparalleled support in addition to network, facility and solution sets that are second-to-none," says Roy Dimoff, chairman and CEO at ViaWest. "Likewise, Dataside has built a tremendous reputation servicing mid-size and Fortune 1000 companies' infrastructure space needs. We could not be more enthusiastic with the scale and market opportunities that this acquisition provides."
The company will introduce more managed services into the Dataside facilities throughout the next couple years. ViaWest also plans to immediately invest in expanding its existing facilities in Austin, Dallas, and Las Vegas in order to support the increasing demand for data center space.
The transaction was supported by Goldman Sachs and Wells Fargo Foothill, who provided debt financing. Goldman Sachs, Quilvest and ViaWest's existing investor group, led by Cowen Capital Partners, provided additional equity capital.
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Company: Via West.net [viawest.net -> viawest.com -> flexential.com]
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