H5 Data Centers, a national colocation and wholesale data center provider, has acquired the Cleveland Technology Center in downtown Cleveland, Ohio. Financial terms were not disclosed.H5 now manages nearly 1.5 million square feet of data centers in nine US markets. ByteGrid had owned the Cleveland data center location since 2013. The 2013 purchase price was $16.9 million.H5 Data Centers has made multiple expansion moves in recent years -- including acquisitions in Seattle (2011), Virginia (2015) and Arizona (2016).
Data Center Mergers, Acquisitions
M&A activity across the data center sector has accelerated in recent months. Among the recent deals:
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.
Devici acquisition expands Security Compass’s DevSecOps toolkit, giving solution providers new opportunities to deliver secure-by-design services across the software development lifecycle.