Mergers and Acquisitions

Data Center M&A: DataBank Acquires C7 Data Centers

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DataBank has acquired C7 Data Centers, which operates three interconnected data centers in the Salt Lake City, Utah market. Financial terms were not disclosed.

Databank specializes in colocation, cloud, managed and network services. The company already owns data centers in Minneapolis, Minn.; Kansas City, Kansas; and Dallas, Texas. The combined data center footprint spans more than 250,000 square feet.

Digital Bridge Holdings, a global communications infrastructure company, acquired DataBank in mid-2016. Financial partners in that deal included Teachers Insurance and Annuity Association of America (TIAA), Allstate Investments and The Edgewater Funds.

Complete M&A Coverage: Track all VAR, MSP and CSP mergers and acquisitions by visiting the ChannelE2E Milestones section daily.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.