Data Center Acquisition: DataBank Buys LightBound
DataBank, an enterprise-class data center provider, has acquired LightBound, expanding its presence in the Midwestern United States.
LightBound operates two enterprise-level data centers in downtown Indianapolis, Indiana. DataBank gains 73,000 gross square feet of colocation space and 9.5MW of installed UPS power to its data center portfolio, the company said.
“We are excited about expanding our presence to the Indianapolis market,” said Raul K. Martynek, CEO of DataBank. “LightBound has built a fantastic customer service reputation in the region as a trusted infrastructure provider. We look forward to combining LightBound’s strength in colocation, connectivity and managed services with DataBank’s broad product offering and national footprint.”
LightBound was founded in 1994 as one of the state’s first internet service providers. Since then it expanded its offerings to include colocation services. The company serves clients in the healthcare, government, finance, cloud, manufacturing, and technology sectors. Its two data centers were opened in 2003 and 2011.
Growing Data Center Offerings
In 2017, LightBound announced a proposed expansion, which would see it double the size of its two data centers to around 80,000 square feet at a cost of around US$80 million. It’s unclear how this latest deal will impact those plans. ChannelE2E has reached out for comment.
DataBank now has 17 data centers across nine US markets: Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, Baltimore, Atlanta, and Indianapolis.
As part of the deal, LightBound’s CEO Jack Carr will join DataBank, overseeing the customer base and data center portfolio in the Indianapolis market.
Data Center M&A
The list of M&A deals centering around network, data center, and collocation providers continues to grow. Among the deals we’ve been following:
- ZenFi Networks and Cross River Fiber merged to create a single fiber and colocation provider.
- American data center company Aligned Energy receiving a strategic investment from Macquarie Infrastructure Partners (MIP).
- NTT Communications bought the remaining stake in RagingWire Data Centers
- CyrusOne acquired Zenium European data centers for 18-times annualized adjusted EBITDA
- Equinix acquires Australia-based Metronode for US$792 million
- Iron Mountain acquired the U.S. operations of IO Data Centers