ByteGrid's Big West Coast Buy

ByteGrid has just increased its base by 170 customers through its acquisition of NetRiver, a Seattle-based colo provider of cloud services and managed storage. (You get married and all of a sudden you have a whole new set of friends.)

Terms of the deal were not disclosed, but ByteGrid's purchase includes a 45k SF, 5.4 MW facility in Lynnwood, and NetRiver's employees will join its firm. This now gives ByteGrid a fixed platform to launch managed hosting with smaller customers across its data center empire, says ByteGrid's Ken Parent (snapped at DICE, our Data Center Investment Conference & Expo in DC last month). Look for further growth in the pipeline, he says.

Ken tells us ByteGrid is still in acquisition mode, targeting a half dozen data centers across the country. This comes just a few months after ByteGrid entered Chicago with the purchase of CNA's flagship 70k SF, Tier III data center in Aurora in a sale and partial leaseback agreement. It also secured an incentive grant from Montgomery County, Md., where it operates a data center (above) that will allow ByteGrid to offer up to $12M in customer incentives to offset IT op costs.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Data Center Leaders Aren't Sweating Calls For An AI Slowdown

REPORT: Amazon Eyes Next Industrial Push With Plans To Expand Same-Day Deliveries

First Rate Hike Since 2023 Lands Atop 5% Treasury Yield, Ratcheting Up Capital Pressure

Loudoun County Moves To Pause Data Center Applications For 12 Months

Inside The Nationwide Jockeying For Opportunity Zones 2.0

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

California Emerging As Data Center Fallback Market Amid Nationwide Opposition