DataBank sells fibre network after acquiring two edge datacentres

Created October 23, 2019
News and Business

DataBank has closed the acquisition of Indianapolis-based LightBound, a colocation, internet, voice, network and cloud services provider. The deal has led to an expanded data centre portfolio and expanding connectivity player Everstream enlarging its connectivity footprint in the US Midwest.

The transaction expands DataBank’s growing portfolio of edge data centres in secondary markets with the addition of two enterprise-class facilities with over 56,000 gross square feet of colocation space and 9.5MW of installed UPS. The data centres are located in the downtown Indy Telcom Center, the most densely interconnected location in the Indianapolis metro area and provide the highest quality Tier III capacity in the market.

Concurrently, with the deal, DataBank has divested the LightBound fibre/CLEC assets to Everstream, a business-only fibre network provider. The divestment will allow DataBank to focus on its core data centre and managed services offering and allow Everstream to enter the Indianapolis market, serving the needs of existing LightBound fibre/CLEC customers as well as new enterprises in the area.

“Our investment in LightBound and divestment is part of our customer-centric strategy to offer high quality colocation and cloud solutions to enterprise and cloud and content customers,” said Raul Martynek, CEO of DataBank. “We look forward to continuing the phenomenal customer service reputation that LightBound built as a trusted provider and adding DataBank’s broad infrastructure services suite and national footprint to the Indianapolis market.”

With more than 10,000 miles of fibre across the Midwest, the transaction accelerates Everstream’s planned entry into the Indianapolis market, and provides Everstream with a lit fibre network extending across the metro area. With the transaction, Everstream says it is on track to grow to more than 15,000 miles of fibre with more than 3,000 on-net locations in 12 markets throughout the Midwest by the end of 2020.

DataBank and Everstream say they intend to partner closely with each other as they integrate the legacy LightBound assets into DataBank and Everstream’s operations.

“Everstream is expanding its footprint across the Midwest and this transaction in Indianapolis aligns with our focus on delivering enterprise-grade fibre to businesses that require network speed, reliability and scalability,” said Everstream president and CEO Brett Lindsey.

For more information, visit https://everstream.net

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This article was written
by Antony Savvas

Antony Savvas is a global technology journalist covering the key trends in the communications industry, and was there at the beginning of mobile business and ICT convergence, the move to the cloud and now digital transformation