DALLAS (May 14, 2013) – T5 Data Centers, innovators in providing state-of-the-art, customizable and highly reliable computing support environments for any enterprise, today announced the company has completed a loan for $113 million to expand its T5@Dallas Data Center Facility. With this additional loan, T5 Data Centers has raised a combined $500 million over the past three years.
The loan will be used to expand T5’s data center in Plano, Texas, which will ultimately deliver 22.5 megawatts of critical IT load power and house 247,000 square feet under roof. The new funding round is being led by JP Morgan Chase Bank, NA, and includes investments from Wells Fargo Bank, RBS Citizens Financial Group, and Raymond James.
“There is unprecedented demand for new data center capacity as more companies invest in private cloud and expanded enterprise infrastructures,” said Peter S. Marin, President and CEO of T5 Data Centers. “According to Cisco’s Visual Networking Index, a zettabyte of data will cross the Internet in 2016 – that’s 1,024 exabytes or 1.1 trillion gigabytes of data. Companies are looking to capitalize on cloud computing resources to house their data, which is driving demand for high-capacity, custom-built data centers like T5@Dallas. This is the perfect time to invest in data center expansion.”
In recent weeks, Facebook is investing $300 million for a data center in Altoona, Iowa; and experts estimate Google is spending $1 billion per quarter on data center construction and operations. However, there are few vendors investing in new turnkey and purpose-built data centers to lease capacity to companies that can’t afford to build their own infrastructure. T5 Data Centers is one of the few providers actively developing data center environments for lease to mid-size and large enterprise users at competitive rates.
“Market demand and the boom in cloud-based business is driving demand for server-ready facilities, and T5 plans to be at the forefront with affordable, high-performance customizable and turnkey data centers,” Marin added. “We are committed to delivering operational excellence and unsurpassed customer service so our customers can rely on a single source for their enterprise and cloud computing needs. The market is ready for a vendor that can supply extensible enterprise and cloud computing resources as needed.”
About T5 Data Centers
T5 Data Centers (T5) is a leading national data center owner and operator, committed to delivering customizable, scalable data centers that provide an “always on” computing environment to power mission critical business applications. T5 Data Centers provides enterprise and wholesale colocation data center services to organizations across North America using proven, best-in-class technology and techniques to design and develop facilities that deliver the lowest possible total cost of operations for its clients. T5 currently has business-critical data center facilities in Atlanta, Los Angeles, Dallas, and Charlotte with new projects announced in Portland and Colorado. All of T5’s data center projects are purpose-built facilities featuring robust design, redundant and reliable power and telecommunications and have 24-hour staff to support mission-critical computing applications.