CentriLogic, a managed hosting and cloud computing provider, is enhancing its data center reach by striking an agreement to acquire U.S. Virgin Islands (USVI) data center operator and hosting services provider Adveniat.
Terms of the purchase were not revealed.
By purchasing Adveniat, its third acquisition in the past 18 months, CentriLogic now has nine data centers in seven markets throughout Canada, the United States, United Kingdom, Hong Kong, and now the U.S. Virgin Islands.
Besides the colocation space, CentriLogic will offer Adveniat's customers its experience in hosting and infrastructure services for e-commerce and payment processing activities worldwide. USVI is also a key hub connecting South America, Central America and the Caribbean to North America and Europe.
CentriLogic will also be able to assume the existing relationship Adveniat had established with the University of the Virgin Islands Research and Technology Park (RTPark), an economic development entity chartered by the USVI Government with statutory authority to extend tax incentives to qualifying knowledge-based and e-commerce businesses. In 2008, RTPark selected Adveniat as its first approved strategic partner, and it serves as the exclusive provider of managed hosting services to RTPark tenants.
Today, Adveniat operates a Tier 1, N+2, data center in the USVI. CentriLogic customers will gain two other benefits: leveraging the company's hosting solutions delivered from the USVI data center while also having the opportunity through RTPark to qualify for income tax reductions on revenues generated from e-commerce and digital media activities in the USVI.
From a broader company perspective, the Adveniat deal is part of CentriLogic's global expansion program and enables it to more effectively service customers throughout the Caribbean and Southern Hemisphere. CentriLogic will have direct interconnectivity between its existing facilities, giving it the opportunity to extend its portfolio of services to enterprise-class customers in major emerging markets.
Growth of North America's colocation market continues to ramp. According to DCD Intelligence, the estimated current amount invested in data center outsourcing and colocation has increased by 13 percent over the past 12 months and is now in the region of $8.8 billion. The research firm has forecast a further increase of 15 percent by the end of 2014.
- see the release
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