Mar 12, 2009 : Peak 10 Data Center Investment Pays Off

📅 March 12, 2009 - Despite the challenging economic climate, data center operator and managed services provider Peak 10 (peak10.com -> flexential.com) is experiencing steady growth, with its 2008 managed services and data center buildout investments already paying dividends, and more scheduled for 2009.

According to Peak 10's Thursday announcement, the company will be bringing additional facility enhancements and advanced service offerings online in 2009 with the help of its $60 million extended RBC credit facility, secured in spring 2008, which will keep the company on course to meet ongoing customer demand.

"We have taken deliberate, calculated steps towards enhancing data center capacities and to offer outsourced solutions that reduce customer operating risks," Peak 10 president and chief executive officer David H. Jones said in a statement. "We are increasing productivity, maximizing efficiencies and scale of operations so our valued clients may steadily thrive despite the volatility of our current business environment. We encountered a similar, perhaps not as pervasive, downturn in the 2001-2002 early phase of our company's growth. We learned important lessons then and have kept those core operating principles as we have grown.

Founded in 2000 in North Carolina, Peak 10 has strategically expanded its footprint throughout the eastern US, acquiring data centers in Louisville, Kentucky; Nashville, Tennessee; and Richmond, Virginia. In 2007, Peak 10 expanded into Atlanta, Georgia and added a second facility at its Jacksonville, Florida location. Last year, Peak 10 opened a Cincinnati, Ohio facility, and expanded its Nashville and Raleigh, North Carolina.

Peak 10 has further expansions in established markets planned for 2009 to meet further customer growth.

Peak 10 service delivery vice president Dan Wixon said the company is among only a handful of IT services providers continuing to make significant capital investments in the face of the credit crunch and global economic slowdown.

"Our main focus is investing in our customers' growth and offering cost savings by expanding our existing data center capacities, providing our managed services expertise, and leveraging our strategic partnerships as well as personal touch with our clients to deepen our relationships and customer experience," Wixon said in a statement.

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Company: Peak 10 [peak10.com -> flexential.com]

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