Overland Park, Kan. (June, 16 2014) – QTS Realty Trust (NYSE: QTS), a leading provider of data center facilities and cloud services, announced today that it has closed the previously announced acquisition of Carpathia Hosting (Carpathia), a Virginia-based colocation, cloud and managed services provider for $326 million. The leverage neutral transaction was financed through cash and available capacity under QTS’ credit facilities.
Carpathia is a leading provider of hybrid cloud services and managed hosting, offering a high level of security and compliance solutions to sophisticated enterprise customers and federal agencies. The combination of QTS and Carpathia provides premium, best-in-class solutions to more than 1,000 customers in Asia Pacific, Europe and North America.
“Carpathia is a strong complement to QTS’ fully integrated technology services platform,” said Chad Williams, Chief Executive Officer – QTS. “We look forward to leveraging the expertise, experience and scale that Carpathia adds to the QTS platform.”
Carpathia’s customers now have access to QTS’ unique portfolio known as QTS’ 3Cs: custom data center (C1), colocation (C2) and cloud and managed services (C3). Similarly, QTS customers have access to additional cloud and managed services, along with Carpathia’s international portfolio.
Williams added, “Enterprise customers are increasingly looking for scale and flexibility to enhance their data center solutions through a fully integrated 3C product offering including managed services layered on top of cloud capabilities, and supported by complex orchestration and advanced customer portals. With the addition of Carpathia, QTS has strengthened our differentiation in the market.”
The QTS and Carpathia teams will operate through their current organizational structure while actively developing a near and long term integration plan. The Carpathia leadership team will continue to play key roles in further developing and delivering products and services that meet the needs of an evolving marketplace. Peter Weber, former CEO of Carpathia, joins the QTS executive team as Chief Product Officer.
About QTS
QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of secure, compliant data center solutions and fully managed services, and the owner of Carpathia Hosting, a leading provider of hybrid cloud services and managed hosting. QTS’ integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications. QTS’ Critical Facility Management (CFM) provides increased efficiency and greater performance for third-party data center owners and operators. QTS owns, operates or manages 25 data centers and supports more than 1,000 customers in North America, Europe and Asia Pacific. For more information, please visit www.qtsdatacenters.com, call toll-free 877.QTS.DATA or follow us on Twitter @DataCenters_QTS.
Media Contact:
Marlena Reed
communications 21 for QTS
404.814.1330
mreed@c21pr.com
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