Switch to Acquire Texas Data Center Operator Data Foundry for $420M
Switch to Acquire Texas Data Center Operator Data Foundry for $420M Colocation sites in Houston and Austin will give Switch its first footprint in the strategically important Central US region. Switch is adding Texas to its list of US data center campuses by acquiring Data Foundry, a colocation operator with data centers in Houston and Austin. Las Vegas-based Switch said Monday that it’s agreed to pay $420 million cash for Data Foundry’s business – a 19x 2021 estimated EBITDA multiple. It plans to fund the transaction through a combination of cash on hand and either credit or new ...
Source: datacenterknowledge.com