QTS Acquires Herakles Data Center In Northern California
QTS (Quality Technology Services) has announced that it has completed the acquisition of Herakles, a world-class designed and engineered Internet Data Center facility in Northern California. This state-of-the-art 92,000 sq ft, Tier III data center offers 52,600 sq ft of raised floor space and 9.0 megawatts (MW) of power capacity in seismically-neutral Sacramento. The terms of the acquisition were not announced.
With the acquisition of Herakles, QTS expands its footprint in California to three wholly owned and operated premium facilities. The Herakles facility will be fully integrated into QTS' data center portfolio as the QTS Sacramento Data Center.
"Herakles is a great company, with first-class people and a high-quality customer base," said Chad Williams, chief executive officer, QTS. "The acquisition of this technologically advanced data center adds a strategically located asset to our portfolio. Located just 120 miles north of our Santa Clara, CA, data center and less than 90 miles from San Francisco, this facility expands our Northern California presence and offers California-based and national customers in each facility regional disaster recovery options as well as colocation and cloud services."
As one of the fastest-growing colocation regions in the nation, California is among the most requested markets for QTS customers looking to expand the size of their data center footprint. For more than 11 years, Herakles has delivered industry-leading uptime exceeding 99.999 percent, delivering a superior customer satisfaction rating among the region's most demanding customers.
"We're proud of what our team has accomplished at Herakles, and when it came time to transition the asset to the current ownership, it was important to us to make the right decision on behalf of our customers," said Lou Kirchner, president and chief executive officer, Herakles, LLC. "QTS has an impeccable reputation in the data center industry for combining reliability with flexibility and product innovation. Additionally their commitment to making a difference in the markets they serve will make QTS an important addition to the Sacramento business community."
"QTS' acquisition of the Herakles data center now gives us the opportunity to remain in the data center environment that has proven to be very beneficial to our business while giving us the advantages of a relationship with a national data center provider," said Gary Lamb, founder and chief technology officer-Next Cloud, Inc., and Herakles customer. "As we explore options for cloud services and business continuity, we now have the convenience of expanding with a single service provider."
The Bank Street Group served as exclusive financial advisor to Herakles in the transaction.