Xand, a colocation, cloud and disaster recovery service provider in the Northeast, recently announced that it was able to drive up its data center finance capacity to more than $200 million. The company stated that the new funds will be used for high-priority acquisitions and data center expansion projects.
The company made its market position more favorable over the past three years with a number of financial decisions following its own acquisition by Boston private equity firm ABRY Partners in 2011. Strategic activities in 2012 included the purchases of regional provider Access Northeast, Inc. and Data Based Systems International, Inc. Through these acquisitions, Xand brought its total number of Northeast facilities to six, adding a trio of raised floor data centers in Lehigh Valley, Tek Park and Valley Forge, Penn. They also expanded their existing data centers in Westchester County, N.Y., Metro Boston, Mass. and Greater Hartford, Conn., during that time. Xand President and Chief Executive Officer Yatish Mishra stated that the newest round of financing reinforces the company’s previous moves and opens more doors to expansion.
“This financing is a resounding vote of confidence in Xand’s performance from our financial partners,” Mishra said. “The increase in available funds further bolsters our company’s strategic plan of investment, expansion and acquisition to meet the dramatic surge in demand for services from our customers in the Northeast market.”
The new funding comes from a consortium of top banking partner firms and was arranged by TD Securities (USA) LLC and GE Capital Markets, Inc. This indicates confidence in Xand’s future projects in the Northeast data center real estate market.
“Xand’s ability to efficiently acquire and integrate multi-state data center and cloud operators in the demanding Northeast marketplace has been remarkable,” stated Dan DeAlmeida, managing director of TD Securities. “We are proud to partner with the Xand team as they continue to execute on their plan of record to become the major provider of cloud and data center services in the Northeast.”
Xand Disaster Recovery Solutions
One of the provider’s top data center design priorities has been their disaster recovery and business continuity solutions. The company touts its geographic diversity and scalable IT infrastructure solutions, like the VMware-powered xCloud, as providing comprehensive, reliable support of IT requirements. In addition to its six data centers, Xand also has six network nodes to provide highly available infrastructure. The nodes are also geographically separated, with two each in New York City, the Metro Boston area and Philadelphia.
The Northeast can be a particularly volatile environment climate-wise. Xand stated that it added both dedicated and shared space in its Westchester and Metro Boston facilities in January in response to heightened concerns about New York data centers after Hurricane Sandy, which struck the region last year.