365 Data Centers Acquires Commack, Long Island Data Center From mindSHIFT Technologies

365 Data Centers Acquires Commack, Long Island Data Center From mindSHIFT Technologies

mindSHIFT remains a managed IT infrastructure provider, continuing its commitment to local and national customers, and signs long-term colocation services agreement with 365.

 

Norwalk, CT — February 4, 2020 — 365 Data Centers, a leading provider of cloud, connectivity, and data center services for enterprise, carrier, and content customers, announces its acquisition of the data center facility at 500 Commack Road in Commack, Long Island from mindSHIFT Technologies (a Ricoh company). This transaction brings 365’s total number of data centers to 12, increases its carrier network PoPs to 156, and further expands its network-centric presence in the data-intensive Northeast. mindSHIFT will remain actively involved at the data center, continuing to offer its managed IT infrastructure and support services and technologies to its customers locally on Long Island and throughout the United States.

This transaction closed within four months after 365 Data Centers acquired its 11th data center, which is in Bridgewater, New Jersey. Both recently added data centers are approximately 40 miles from New York City in opposite directions and further 365’s disciplined eastern U.S. market strategy. 365 now operates redundantly inter-connected data centers in Boca Raton, Bridgewater, Buffalo, Chicago, Detroit, Fort Lauderdale, Indianapolis, Long Island, Nashville, NYC, Philadelphia, Tampa, and 25 other PoPs nationally.

The highly resilient 24,000-square-foot Long Island data center is a Tier III facility built in 2016 to support complex IT and cloud demands. As part of the agreement, mindSHIFT will become a long-term customer of 365 and continue to leverage the Long Island data center to provide mindSHIFT’s customers with stable and reliable colocation and connectivity services.

The Commack data center offers:

  • A prime international destination for carriers, content providers, and enterprises within the New York City metro market, the second largest data center market in the U.S., and the home of 80 Fortune 500 companies and 20 million people;
  • Dense network connectivity with nearby subsea cables and close proximity to major carrier hotels;
  • Two distinct pods with 24,000 total square feet and an immediate 3MW of power;
  • 6 MW of available utility power and generator capacity;
  • Advanced physical security systems; and
  • 80% capacity remaining for other 365 customers

“We’re thrilled to add this recently constructed, top tier data center to our IT infrastructure portfolio, count mindSHIFT among our valued customers, and welcome mindSHIFT’s facilities employees to our team of facility and service professionals,” said Bob DeSantis, CEO of 365 Data Centers. “Our early acquisitions provided a platform that the 365 team transformed into a highly competitive, customer focused, and scalable business. This in turn enabled committed growth capital to fund the two recent acquisitions and others to come in 2020. The Long Island data center will further accommodate the highly dense colocation, network, and cloud requirements of our customers and support the internal growth we have in store for 2020.”

“We’re pleased to transition the data center facility operation and management to 365 Data Centers, which will enable mindSHIFT to be more nimble, adjust to current market conditions, and align our delivery of high-quality IT services to our Commack-based customers,” said Bob Lamendola, Vice President, IT Infrastructure and Support, mindSHIFT. “We look forward to continuing to provide mindSHIFT’s local and national customers with industry-leading service under this new arrangement, which is consistent with the reliable, cost-effective approach we have used for years in our other four U.S data centers.”

As part of the business transaction, 365 Data Centers and mindSHIFT plan to enter into a co-marketing and cross-selling agreement to support and grow both businesses.

Bank Street Group LLC served as exclusive financial advisor to mindSHIFT in connection with the transaction.

About Chirisa Capital Management

Chirisa is a private investment firm which identifies and develops distinctive opportunities for its investors and companies. Our origins are in telecoms and technological entrepreneurship, and that entrepreneurial spirit remains at the heart of our investment approach. Our strategy is focused on acquisition of large-scale sub-optimized data center and office properties.

We have a unique competitive advantage in being able to maximize value from properties which involve a combination of office, industrial and data center development opportunities, while moving swiftly acting on our own account, with in-house expertise, and deploying our own capital.

Chirisa Capital Management
jquinn@chirisa.com