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Cervalis Raises $75,000,000 in New Funding for Development of Data Center Facility in Connecticut
Cervalis LLC, a provider of IT infrastructure solutions including cloud computing, colocation, managed hosting, business continuity and rapid recovery, announced the closing of a $75,000,000 in senior credit facility from a consortium of commercial lending institutions. The new funds will be used for the construction of a new, 170,000 sq. ft. state-of-the-art data center and business continuity facility in Connecticut and to refinance existing indebtedness. The Company has a unique data center footprint across the tri-state area including existing high-end facilities in New York, Connecticut, and New Jersey.
“We are very excited about this important financing”
“We are very excited about this important financing” stated Michael Boccardi, CEO of Cervalis. He continued, “The additional capital will enable us to meet strong customer demand for customized high availability, high power density data center, and business continuity solutions.”
The new center will have 50,000 square feet of raised floor data center space, with 16 MW of utility power and 3,500 tons of cooling capacity, enabling Cervalis to support high density configurations. The 50,000 square feet of business recovery space can be customized to meet client’s unique requirements for dedicated office recovery suites linked to their critical IT operations. Utility power will be delivered to the building from two providers utilizing three different utility substations. Customer configurations will be powered by 2N UPS systems and the entire facility will be supported by N+1 generator backup redundancy. The facility infrastructure combines multiple levels of technology and security and is designed to have no single points of failure. The new facility location is ideal for primary production systems as well as backup configurations utilizing synchronous data replication of mission critical applications used by Tri-State and New York City businesses.