The acquisition is expected to close in the second quarter of 2021. The agreement to acquire Immedion is set to push DartPoints’ vision and capabilities to bring edge interconnection colocation and data centres further into tier 2 and tier 3 markets.
“We are excited about the combined opportunities Immedion’s colocation facilities bring to DartPoints,” said Scott Willis, CEO of DartPoints.
“We value the enterprise customers that rely on Immedion’s cloud and managed services platforms and look forward to enhancing capabilities in the future.
“The team at Immedion has built a great company, and we will continue their commitment of ensuring a customer-first approach while adding service offerings across their entire footprint.
“This acquisition is yet another example of how we are delivering on our strategy to improve regional interconnection, particularly to markets that need it most.”
The acquisition of Immedion will more than double the company’s edge interconnection colocation data centre footprint, expanding the company’s solutions to more than six states across the US.
In 2020, DartPoints received investment funding from Astra Capital Management, initiating an aggressive plan to expand its edge interconnection solutions to underserved markets.
“We are proud of the company we’ve become over the past 14 years and look forward to creating more value and opportunities for our customers,” added Frank Mobley, Founder and Chief Executive Officer of Immedion.
“Our commitment to delivering best-in-class solutions remains steadfast, and I firmly believe that DartPoints’ mission to enhance connectivity nationally adds value to our existing capabilities.
“We look forward to enabling our customers with more services and locations, while embarking on a better digital future, together.”
The company opened its North Liberty, Eastern Iowa edge colocation data centre; enhanced regional interconnection capabilities in Texas with LOGIX Fibre Networks; and acquired Metro Data Centers (MDC) in Ohio.
“We are excited to support this transformational acquisition,” said Brian Kirschbaum, Partner at Astra Capital Management.
“DartPoints is on a mission to provide high performance and cost-effective edge data centre solutions to solve the needs of thriving local markets throughout the United States.
“This transaction will allow DartPoints to continue to improve interconnection options for its customers and allow for the migration of mission-critical workloads closer to end-users.”
Bank Street served as the financial advisor to Immedion in connection with this transaction and financial details of the acquisition were not disclosed.
Last year, the company announced its acquisition of Metro Data Centers (MDC), a provider of interconnection and data centre solutions in Dublin, OH serving the Central Ohio region.
