LIGHTBOUND ASSETS GOES INTO DATABANK AND EVERSTREAM

DataBank has just acquired LightBound, an Indianapolis-based colocation, network and cloud services provider; gaining two enterprise-class facilities.

With the closing of the deal, DataBank immediately divested a part of the acquired assets –  LightBound fiber/CLEC assets to a business-only fiber network provider Everstream.

As announced, the divestment will allow DataBank to focus on its core data center and managed services offering, and allow Everstream to expand into the Indianapolis market, serving the needs of existing LightBound fiber/CLEC customers as well as new enterprises in the area.

“Our investment in LightBound and divestment is a 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.”

The transaction also expands DataBank’s edge data centers portfolio with the addition of two enterprise-class facilities, having over 56,000 gross square feet of colocation space and 9.5MW of installed UPS.

These Tier III data centers are located in the downtown Indy Telcom Center, which is the most densely interconnected location in the Indianapolis metro area.

The divestment also accelerates Everstream’s planned entry into the Indianapolis market with 10,000 miles of fiber across the Midwest and extending across the metro area. The company adds that it plans to grow to over 15,000 miles of fiber with more than 3,000 on-net locations in 12 markets throughout the Midwest by the end of 2020.

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

DataBank now boasts of 20 data centers in nine US markets, including Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, Baltimore, Atlanta and Indianapolis.