Vantage Data Centers Announces Launch and Funding from Silver Lake
Newly Created Data Center Business Will Develop Campus in Santa Clara
Santa Clara, CA – June 17, 2010 – Vantage Data Centers, a new data center business, formally launched today and announced funding from Silver Lake, the world’s largest technology investment firm. Vantage has acquired a fully operational data center formerly owned by Intel Corp in Santa Clara, CA, and will further develop the 18-acre site into a larger data center campus to supply the heavily constrained Silicon Valley market. Vantage will be led by CEO Jim Trout, a veteran data center industry executive with deep development and facility operations expertise, and a seasoned team of sales and operations executives to manage and grow the business.
Vantage plans to redevelop the campus, located on Walsh Avenue, into a world-class wholesale data center site, with over 300,000 square feet of space across three buildings. The property currently features dual 50 MW substations dedicated to the site and the largest, most scalable, and most resilient utility power configuration in the Silicon Valley wholesale data center market.
The company currently operates more than 6 MW of high-density data center space on the campus. Vantage has also commenced construction on a new 6 MW data center facility slated to come online in the fourth quarter of this year. A further 7.5 MW of capacity is targeted for delivery in the second quarter of 2011.
Power to the Vantage site is provided by Silicon Valley Power, one of the most reliable and lowest cost utilities in the Bay Area. In addition, Vantage anticipates LEED Platinum certification on two of its buildings. The facility’s industry-leading designs on energy efficiency position the site as one of the lowest cost providers to the market, served by a diverse set of telecommunications providers to allow for highly connected, redundant fiber access.
Reflecting the mix of customer requirements in Silicon Valley, Vantage will deliver a variety of power densities depending on customer needs, with the site’s significant available power enabling customers to scale with the property as their data center needs continue to grow.
“Beyond general scale efficiencies, redevelopment within this large existing campus environment allows our company to collaborate with customers on their long term data center growth plans, providing ample room to expand within the campus and enabling distinctive customer support operations” said Jim Trout, the new CEO of Vantage Data Centers. “Vantage will also deliver the lowest energy rates in the region, which combined with our scale and flexibility, will translate into significant potential cost savings for our customers.”
About Vantage Data Centers
Vantage Data Centers is a privately held company focused on the ownership, development and operation of highly efficient and scalable wholesale data center space. The company was formed to serve the growing customer need for mission critical facilities housing the world’s Internet, corporate IT and business applications. The company leverages the executive team’s vast experience with delivering wholesale data center solutions through best-in-class designs and operational procedures that will enable customers to directly benefit from optimized operational costs, maximum flexibility and reliability in meeting their future data center requirements. For more information, please visit www.vantagedatacenters.com
About Silver Lake
Silver Lake is the leader in private investments in technology, technology enabled, and related growth industries. Silver Lake invests with the strategic and operational insights of an experienced industry participant. The firm has over 90 investment professionals located in New York, Menlo Park, San Francisco, London, Hong Kong and Tokyo and manages over $14 billion across large cap and middle market private investment strategies as well as a credit investment strategy. Its portfolio includes or has included technology industry leaders such as Avago, Avaya, Business Objects, CDW, Flextronics, Gartner, Gerson Lehrman, Instinet, Intelsat, NASDAQ, NXP, Sabre/Travelocity, Seagate Technology, Skype, SunGard Data Systems, Thomson and UnityMedia. For more information, please visit www.silverlake.com.