SUNNYVALE, California, August 3, 2016 /PRNewswire/ --
CentralColo Holdings ("CentralColo" or the "Company") is pleased to announce that it has completed a significant investment from Safanad Limited ("Safanad"), a global principal investment firm to fund its growth strategy. Additionally, Ken Parent has joined as Chief Executive Officer and member of the board of directors of the Company.
CentralColo is an operator of data centers offering both retail and wholesale services to a global client base. CentralColo's first facility is in the heart of Silicon Valley providing colocation services to a broad array of customers. CentralColo is positioned to address the needs of both mission critical IT loads and also high density compute requirements such as research and development, testing, warehousing and staging platforms.
Arman Khalili founded CentralColo in 2015 in partnership with Industry Capital. Industry Capital is a San Francisco based private equity firm investing in real assets globally. Arman will remain on the board of directors of the Company and continue to dedicate significant time to the growth of CentralColo.
Ken is the former CEO and a founder of ByteGrid, a national platform of Tier 3 / 4 data centers in the U.S. Prior to founding ByteGrid, Ken held the positions of CFO and COO of The Mills Corporation, a publicly traded real estate investment trust that was acquired by Simon Property Group in 2007.
Ken Parent commented, "this is a tremendously exciting opportunity and I look forward to working with the team and our partners at Safanad and Industry Capital as we take CentralColo to the next level. Our partners have funded our growth strategy and support both our organic growth and strategic asset acquisition plans. This is a great opportunity to expand upon our customer centric model that focuses on offering scalable data and compute center solutions."
Craig Kahler, Director of Private Equity at Safanad who joined the board of CentralColo, commented, "CentralColo will be well capitalized to support the growth of its current operations in Silicon Valley as well as new locations to meet the needs of the growing client base. We are thrilled to work with Ken Parent and the rest of the management team." Norman Villarina, Managing Partner at Industry Capital, added, "our partnership with Safanad comes at a great time for CentralColo as we have laid the foundation over the past year. Our expansion plans are well supported by Ken joining us as CEO as he not only brings significant expertise in managing and acquiring data centers, but also significant skills in leading the growth of organizations."
CentralColo owns and operates regulated data centers delivering a basic formula; fiber connectivity, high power and efficient cooling, retail and wholesale services, and metered power down to a single circuit. CentralColo's first facility is a large carrier neutral, network dense and cross connect friendly Tier III data and compute center with over 8 MW of IT load in the heart of Silicon Valley. For more information, visit http://www.centralcolo.com .
Safanad is a global principal investment firm that invests in real estate, private equity and public markets. As principal investors, Safanad preserves and grows wealth through a disciplined industry focused investment approach that builds relationships with exceptional management partners and top industry leaders. With offices in New York, Dubai and London, the firm seeks to identify global investment opportunities poised to deliver consistently attractive returns, where the firm's capital and investment expertise support value creation. For more information, visit http://www.safanad.com
About Industry Capital
Industry Capital is a private equity firm investing in real assets globally. Industry Capital and its affiliated entities maintain top-tier track records across investment platforms. In addition to its real asset platforms, Industry Capital owns an interest in wealth management firm, Osborne Partners Capital Management, that manages portfolios on behalf of high-net-worth individuals and institutions. For more information, visit http://www.industrycapital.com
For CentralColo Media Enquiries: Carter B. Cromley - email@example.com +1(703)861-7245