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Digital Bridge Diversifies with Data Center Buy

July 26, 2016 — Digital Bridge Holdings, which has invested in towers, distributed networking, enterprise wireless and fiber optics, has made its first foray into data centers with the acquisition of DataBank, a North American provider of enterprise-class data center solutions. Digital Bridge partnered with Teachers Insurance and Annuity Association of America (TIAA), Allstate Investments and The Edgewater Funds in the acquisition. Financial terms of the transaction were not disclosed.

DataBank is headquartered in Dallas and has six data centers located in downtown Dallas, North Dallas, Minneapolis and Kansas City. Its footprint and top-tier facilities are dedicated to providing uninterrupted access to customer data, applications and IT equipment. DataBank serves a wide range of customer verticals including media and content distribution, cloud infrastructure providers, and telecom networks in addition to corporate enterprises.

Last year at the Tower and Small Cell Summit, Marc Ganzi, Digital Bridge CEO, told the audience it was imperative tobe versatile and to learn how to provide multiple types of infrastructure to do business with the carriers.

“We have to think about how we are going to remain relevant to our consumers, the carriers, going forward. Compared with the early years of cell tower development, it is a much more complex value proposition,” Ganzi said. “We have to think, not just about macrosites, but we are forced to think about small cells, about interconnectivity, about backhaul, about collocation, and about the Cloud and hosted services.”