ByteGrid acquires Seattle-area data center
- July 16, 2014
McLean-based data-center company ByteGrid Holdings LLC has acquired NetRiver, a colocation provider based in Lynnwood, Wash., a suburb of Seattle.
Financial terms of the deal were not disclosed.
ByteGrid said the acquisition expands its data center portfolio to the West Coast, giving it a national footprint. The deal also provides the company with a managed-services platform that can be used at its other data center.
“This acquisition and expansion is the latest step in the execution of our growth plan as we have evolved into a leading provider of colocation solutions to mid-market, large-enterprise and government entities,” Ken Parent, ByteGrid’s CEO, said in a statement.
NetRiver provides colocation, cloud-server, managed-storage and connectivity solutions to more than 170 business and cloud-service customers.
Under the terms of the deal, ByteGrid acquired all of NetRiver’s assets, including its customer contracts, land and a multi-tenant, 45,000-square-foot data center.
In addition, ByteGrid gained leasehold rights to a second data center in Spokane, Wash., that serves primarily as a disaster recovery base for customers.
ByteGrid plans a multi-million dollar expansion to enhance services to NetRiver’s current customers while creating room for growth at its data center.
ByteGrid owns and operates five data centers in the Atlanta, Cleveland, Chicago, Seattle and Washington, D.C., metro areas encompassing more than 700,000 square feet of space.
The company plans to acquire more facilities.