zColo expands colocation holdings with MarquisNet acquisition

zColo, the colocation arm of Zayo Group, is following its parent's acquisitive ways by reaching a deal to buy MarquisNet's data center in Las Vegas.

An increased demand from its west coast enterprise customers for disaster recovery services is what drove zColo to make the purchase. Upon completion, Zayo Group will extend its fiber to the new location and become the ninth carrier with a presence in the facility.

With the addition of MarquisNet's 28,000 square foot data center, zColo now has a total of 12 colocation facilities in 11 markets, including Los Angeles and three gateway centers in New York and New Jersey.

Thus far, zColo's data center business has been a profitable one, having reported $38.7 million in annualized adjusted revenue and $13.5 million in annualized adjusted EBITDA in Q3 2011.

Following its recently completed purchase of 360networks, this is the eighteenth acquisition that Zayo Group has made since the service provider was formed just five years ago in 2007.

For more:
- see the release

Special report: The most important M&As of 2011

Related articles:
Zayo extends presence into the data center market with Green House Data agreement
Zayo raises $315M in new funding
Zayo completes acquisition of 360networks
Zayo stays on a roll with San Diego expansion

Suggested Articles

lphabet and Google CEO Sundar Pichai announced on Monday that Google plans to invest around $10 billion in India over the next five to seven years.

Hewlett Packard Enterprise (HPE) has juiced its SD-WAN platform by buying Silver Peak for $925 million.

Comcast's investment in the development of artificial intelligence and machine learning paid off in spades during the coronavirus pandemic.