Santa Clara-based Vantage Data Centers, the firm which provides data center solutions to enterprise cloud companies has announced picking up $800 million in a fresh round of equity financing from the existing investors and a new one, i.e. Digital Colony Partners. With the latest financing announcement, the firm also announced the acquisition of Luxembourg-based Etix Everywhere for an undisclosed sum. Before this round, the firm had picked up $692 million as part of debt financing in August last year. The current infusion takes the total amount raised by the firm to $4.1 billion. The freshly raised funds will allow the firm to expand its wings in Europe and that's where the Etix Everywhere deal will come into the picture. Etix has 12 data centers which it provides to nearly 200 of its clients.
Antoine Boniface, the CEO Etix Everywhere said that “The Etix team and I are thrilled to join Vantage. The experience that Vantage brings with North American-based hyper-scale, cloud and wholesale customers, combined with Etix’s European experience and Frankfurt hyper-scale campus, creates a compelling platform that is ideally positioned to serve customers across Europe.”
Notably, apart from controlling all the data centers run by Etix, Vantage is also planning for a few more in the European countries. They have planned 5 such facilities in Berlin, Frankfurt, Milan, Warsaw, and Zurich. As part of their European expansion plan, Vantage is set to infuse $2 billion in the market.
Interestingly, both the parties have kept the acquisition deal hidden for the moment. It will be interesting to see how the deal pans out for both the companies in the coming times.
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