365 Data Centers

365 Data Centers is a carrier neutral provider of secure and reliable colocation services.

With 20 data centers in four cloud regions across the US, the company has a 100% uptime Service Level Agreement (SLA) and a comprehensive national network of carriers and content providers. Its service portfolio is designed to be flexible, catering to the needs of small and medium-sized businesses, telecom carriers, and cloud service providers.

The company looks to expand through investments in its team, systems, network, and service offerings, as well as direct and channel sales organizations. The company has used inorganic growth as a means of expanding its data centers; for instance, it acquired its center in New Jersey in September 2019 and Long Island in February 2020, from New York Internet (NYI) and Mindshift Technologies, respectively.

The company made two acquisitions: in 2017, it acquired Host.net, a data center services provider in two southeast Florida markets; and in 2020, it acquired Atlantic Metro, a provider of tailored colocation, network, and cloud services for large and medium-sized enterprises.

Key customer and partnerships

365 Data Centers expanded its customer base significantly through its acquisition of Atlantic Metro Communications, doubling customers to over 1,300. The acquisition added facilities in Herndon, VA, and colocation spaces in Northern Virginia and Los Angeles, enhancing network presence. Partnering with DE-CIX in Chicago, 365 Data Centers improved connectivity for customers with access to a neutral interconnection platform, enhancing service capabilities.

Funding and financials

In its latest funding round in March 2019, 365 data centers refinanced its existing debt and secured additional debt financing commitments from Antares, TD Securities, and ING Capital LLC and received add-on equity funding commitments from its current investors.