DataBank has acquired Indianapolis-based LightBound, a colocation, internet, voice, network and cloud services provider.
The transaction expands DataBank’s growing portfolio of edge data centers in secondary markets, with the addition of two enterprise-class facilities spanning more than 56,000 gross square feet of colocation space and 9.5 megawatts of installed UPS.
The data centers 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 closing, DataBank has divested the LightBound fiber/CLEC assets to Everstream, a business-only fiber network provider. The divestment will allow DataBank to focus on its core data center and managed services offering and allow Everstream to enter the Indianapolis market.
With more than 10,000 miles of fiber across the Midwest, the transaction accelerates Everstream’s planned entry into the Indianapolis market, and provides Everstream with a lit fiber network extending across the metro area. With this transaction, Everstream is on track to grow to more than 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, CEO and president of Everstream.
DataBank now operates 20 data centers in nine markets across the United States, including Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, Baltimore, Atlanta and Indianapolis.
