"Today's 51MW new campus announcement underscores Vantage's strong commitment to supporting our customers' long term growth in Santa Clara," said Sureel Choksi, President and CEO, Vantage Data Centers. "When combined with the 21MW planned expansion of our existing campus, Vantage has secured 72MW of total expansion capacity in this highly constrained market, solidifying its position as Santa Clara's leading wholesale data center services provider."
"Vantage has acquired land in a coveted Silicon Valley market that is currently experiencing low levels of supply for wholesale data center capacity despite high demand," said Jabez Tan, Research Director, Data Centre Infrastructure at Structure Research. "Demand fundamentals still remain strong in the Bay Area and the outlook remains bullish for uptake of data center capacity with cloud providers being the primary customers. Location and proximity to end users is a characteristic that continues to drive growth in one of the top data center markets in the US."
Recent Company Highlights
- Vantage's $295M bank facility upsizing, completed in February 2016, increased the credit facility to $570M in total and will support continued growth and expansion.
- Vantage has 15MW of capacity under construction at its first Santa Clara campus, including its new 6MW V4 facility, all of which are scheduled for completion by fall of 2016. Total campus operational critical IT load will be 51MW by the end of 2016.
- Vantage has initiated development of 21MW of additional expansion on its first Santa Clara campus, which will deliver capacity in phases beginning in the second half of 2017.
About Vantage Data Centers
Vantage provides highly scalable, flexible and efficient data center solutions offering unique value through its commitment to exceptional customer service. Operating campuses in Silicon Valley, California, and Quincy, Washington, Vantage delivers data center design solutions engineered to meet our customers' unique requirements in support of the most demanding large enterprises, technology companies and service providers. Vantage is backed by Silver Lake, the global leader in technology investing, with over $24 billion in combined assets under management and committed capital. Additional information on Vantage is available at www.vantagedatacenters.com.
Steve Lim, Vantage Data Centers
Chris Nicoll, Engage PR
(510) 748-8200, x209
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vantage-data-centers-continues-santa-clara-growth-with-new-51mw-data-center-campus-300308955.html
SOURCE Vantage Data Centers