CHARLOTTE, N.C. & ATLANTA----Peak 10, Inc., the leading independent data center operator and managed
services provider in the United States, today announced the acquisition
of a 33,000 square foot facility in the Atlanta, Georgia suburb of
Norcross. Peak 10 Atlanta is currently being upgraded to the standards
of the company’s ten world-class data centers
in its other seven key markets throughout Florida, Virginia, North
Carolina, Kentucky and Tennessee. Peak 10 management expects the new
facility will be fully operational in September 2007.
Peak 10 Atlanta is the Company’s second new
market expansion in 2007. In February, Peak 10 entered the Richmond, Va.
marketplace with its acquisition of well-respected Virginia data center
and managed hosting operator, bayMountain. Concurrent with its new
market entries, Peak 10 has deepened its commitment to existing markets
with major capacity and infrastructure expansions in Raleigh and
Charlotte, N.C.; Jacksonville, Fla.; and Nashville, Tenn., a market it
entered in August 2006 with the purchase of Rentech, Inc.
Kevin Brandon, Peak 10 Board Chairman, said the move into Atlanta
reflects Peak 10’s strategy of expanding to
contiguous markets, establishing enterprise-class data center facilities
and developing a highly skilled local market leadership team for the
delivery of services to its customers. “Our
executive team has done a tremendous job of bringing their disciplined
local service-driven business model to new markets while deepening our
footprint and service delivery capabilities in existing markets. As a
result, we have achieved significant scale without diminishing our core
value proposition - strong local market presence and customer service.”
“Peak 10’s local
leadership has set high standards and has built a solid reputation for
understanding and enhancing customer growth,”
said David Jones, president and chief executive officer of Peak 10,
adding, “We are seeing a strong demand for
our services and customer-focused solutions and know that Atlanta is a
large market with high growth trends for small/medium enterprise and
larger businesses. The reception of Peak 10 in Atlanta has surpassed our
expectations.”
According to Peak 10’s Executive Vice
President of Market Operations, Jeff Spalding, customers and partners
have been asking Peak 10 to consider moving into Atlanta to provide
additional geographic diversity and business solutions, which is in line
with the company’s long-term strategic plan. “Our
success in partnering with clients combined with a truly local service
philosophy has enabled us to bring a customer-focused team and service
mentality to the Atlanta market,” Spalding
said.
Peak 10’s expansion has capitalized upon the
growing trend in the business community to outsource IT infrastructure;
increasing awareness of the need for business continuity and disaster
recovery services; increasing demand for managed IT services; and
meeting regulatory compliance demands. Peak 10 allows customers to
cost-effectively manage and accelerate their growth, due to the
importance of having a trusted and scalable infrastructure partner. The
company’s strategic focus is to continue to
invest in its market operations, to expand its geographic footprint and
to enhance technical capabilities, operating scale and engineering
expertise to build and maintain strong customer relationships. "Our
ability to enter new markets and expand in established ones is owed to
our strong balance sheet, rising cash flow and committed and experienced
management team. We are poised for continued, rapid growth without the
need for external equity financing and plan on additional expansion in
the near term," added David Jones.
Peak 10 enables companies to increase revenue growth, improve service
levels, meet regulatory compliance and lower costs by maximizing
internal IT resources and ensuring the security and availability of
complex technology infrastructure. The company operates eleven data
center facilities in eight strategic markets with a growing customer
portfolio that includes Global Knowledge, Pergo, Churchill Downs,
LendingTree and the Jacksonville Jaguars.
About Peak 10, Inc.
Peak 10 is the leading independent data center operator and managed
services provider in the United States, delivering scalable, economical
and reliable solutions for hosting and managing complex information
technology infrastructure. Peak 10 owns and operates world-class
facilities in Atlanta, Ga.; Richmond, Va.; Nashville, Tenn.; Louisville,
Ky.; Tampa and Jacksonville, Fla; and Raleigh and Charlotte, N.C. For
more information on data center solutions from Peak 10, visit www.peak10.com.
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