Data Centers

A DataBank data center near Legacy Park in Plano. [Photo: DataBank]

DataBank Secures Another $325M in Financing to Expand Edge Data Center Footprint

by | Apr 5, 2023

DataBank, a Dallas-based provider of enterprise-class edge colocation, interconnection, and managed cloud services, has secured another $325 million in financing to fund the ongoing expansion of its edge data center footprint.

Led by TD Securities, the $325 million credit facility includes a $175 million five-year term loan, a $125 million delayed draw term loan that is undrawn at close, and a $50 million revolving credit line....

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Dallas’ Compass Datacenters Teams Up with Luminosity Gaming
by | Mar 1, 2023
Calling it "a first-of-its-kind" partnership between the data center and online gaming industries, Dallas-based Compass Datacenters announced that it's teaming up with Toronto-based Luminosity Gaming. Raymond Hawkins, Compass’ chief revenue officer, says the partnership "will put a spotlight on how essential data centers are to gaming, and how gaming is driving tremendous cloud innovation."
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Data Center Giant CyrusOne Promotes Exec to EVP, Chief Customer Officer
by | Feb 21, 2023

Andrea Munoz has been promoted to executive vice president and chief customer officer by Dallas-based CyrusOne, a global data center developer and operator specializing in delivering state-of-the-art digital infrastructure solutions....

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Adolfson & Peterson Adds Director of Mission Critical Services in Dallas Office
by | Feb 10, 2023

Darian Reams has joined the Dallas office of Adolfson & Peterson Construction, a national, family-owned construction management and contracting company, as its new director of mission-critical services....

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[Photo courtesy of RecNation/Recreational Realty]

Toy Story: Why a Former CyrusOne CEO Is Creating Homes for Grownups’ Playthings with RecNation

by | Aug 16, 2022
Gary Wojtaszek turned Dallas-based CyrusOne public and grew it into a leading global data center firm. It recently sold for $15 billion. Now—instead of storing computers and data—he aims to store America's RVs, boats, and other "toys" with his new startup, RecNation. With funding secured from Centerbridge Partners, he aims to grow his company by 75 locations a year—and build another multi-billion-dollar business.
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TMGcore CEO Sees Trend in ‘Born in Liquid’ Servers
by | Feb 15, 2022
TMGcore is innovating high-performance computing with its sustainable commercial immersion cooling solutions. "Servers two years from now will only be immersion compatible,” CEO John-David Enright says.
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Dallas-Based DataBank Acquires Four Houston-Area Data Centers From CyrusOne for $670M
by | Jan 20, 2022
With the acquisitions, DataBank’s reach now includes 27 metro markets—the largest geographic footprint of any data center operator in the U.S.
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CBRE: DFW Data Center Market Records Most Active Leasing Quarter of All Time
by | Jan 13, 2022
Several large leases signed by social media and financial services users—whose identities were not disclosed—drove the swell of activity in Q4. That led to "incredibly strong" net leasing activity for the full year, CBRE says. That's now driving lots of new data center construction here, and may increase asking rates in 2022 and beyond. With "no end in sight" to the market growth, CBRE's Brant Bernet believes we're only in the "early innings" of an extra-inning game.
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Equinix recently completed its new DA11 facility in Dallas [Rendering: Equinix]

Work-From-Home Demands Spur Growth at DFW Data Centers

by | Sep 17, 2020
Digital transformation plans compress from years to months amidst COVID-19.
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Here’s How Linesight’s New Dallas Office is Using Tech to Accelerate Construction Speed to Market
by | Aug 27, 2020
Dublin-based Linesight is bullish on Dallas-Fort Worth, which ranks as the second-busiest construction market and second highest data center leasing market in the U.S.
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‘Not Your Father’s Data Center’: Compass Datacenters Joins B2B Podcast Trend
by | Mar 5, 2020
Dallas-based Compass Datacenters has a new industry-related podcast, which fits right in during a time when around 52 million people are tuning in to business podcasts.
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North Texas Corporate Innovators Set the Stage for Disruption
by | Jan 28, 2020
From public-safety blimps to revolutionary data centers, North Texas’ giants invented technology in 2019 to make our world a little bit better.
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DataBank investment

[Photo via iStock]

DataBank Receives $185M Investment from Colony Capital

by | Jan 6, 2020
Colony Capital is supporting the data center provider through additional capital to potentially fund add-on acquisitions and greenfield edge data center developments.
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data centers
We Compute: Dallas-Fort Worth’s Data Center Market Shows No Sign of Slowing Down
by | Nov 19, 2019
The wholesale colocation market in the region is as competitive as its ever been, ranking among the nation’s top three data center markets.
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Corgan and TMGcore Team Up to Downsize Data Centers
by | Sep 26, 2019
The companies will unveil conceptual designs for the new data centers—intended to be a tenth of the traditional sizing—in November to show off the "groundbreaking technology."
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funding [Illustration by Solvod via iStock]
Follow the Money: PHAZR Exits, Spectral MD Gets $1M, Merck Buys Antelliq
by | Dec 20, 2018
Also, you’ll find projekt202, Crow Holdings, Latticework Capital, Light LLC, Woodside Capital, DataBank, and National Teachers Associates Life Insurance Co. in this roundup of activity by companies and investors with ties to North Texas.
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