BOULDER, Colo.--(BUSINESS WIRE)--
zColo, the data center and colocation business of Zayo Group Holdings, Inc. (ZAYO), today announced a significant expansion of its Las Vegas data center to meet customer demand. Zayo made the decision to expand after reaching capacity in the original center, acquired from MarquisNet in 2012. Based on contracted bookings to date, zColo has achieved a greater than 60 percent unlevered return on its initial investment.
The expanded space, which includes approximately 10,000 additional square feet, will be available in late November 2015, which will bring the total billable space at the center to 28,000 square feet.
“Demand for colocation and interconnection services in Las Vegas continues to be very strong,” said Stephanie Copeland, president of Zayo’s zColo. “The strong demand from our specific customer base led us to this expansion and we look forward to participating in the broader growth that the market is experiencing.”
In addition to providing Nevada businesses with colocation and interconnection, the data center serves many California businesses who rely on it for disaster recovery. “Companies need one and often two back-up data centers to safeguard their mission-critical data in the event of a natural disaster or other major outage,” said Copeland. “A majority of our current customers are California businesses from diverse sectors who need disaster recovery options, and we expect to attract new customers with similar needs.”
Located near the McCarran International Airport, the zColo facility provides access to Zayo’s extensive fiber network in the U.S. and Europe and its full suite of bandwidth solutions, including dark fiber, wavelengths, Ethernet and IP. The data center also offers interconnections to nine major carriers.
Zayo’s zColo U.S. footprint totals 36 facilities and more than 490,000 square feet of billable space. For more information on Zayo’s data centers, please visit zayo.com/services/colocation.
About Zayo Group
Zayo Group Holdings, Inc. (ZAYO) provides bandwidth infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 85,500-mile network in the U.S. and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud services in its carrier-neutral data centers. Zayo provides clients with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services. For more information, visit zayo.com.
Forward Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words such as "believe," "expect," "plan," "continue," "will," "should," and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our final prospectus dated March 13, 2015. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.