Peak 10, Inc., the largest independent data center operator and managed services company in the eastern US, has announced the acquisition of bayMountain, a Richmond, Virginia-based data center company that specializes in managed hosting and colocation services. The acquisition expands Peak 10's geographic presence and enhances the company's technical capabilities and service offerings, especially with regard to security, disaster recovery and business continuity. Peak 10 now owns and operates ten data centers in seven key market locations and boasts one of the industry's most diverse product and managed services portfolio.
"The purchase of bayMountain aligns nicely with Peak 10's business strategy of scaling our business through incremental acquisitions and consistent organic growth, said David Jones, president and chief executive officer of Peak 10. "The combination of several factors makes bayMountain an attractive acquisition. The company's people and facility are world class and the Richmond market is strong and growing. Moreover, there are strong business links between Richmond and our other markets and, as well, the location provides Peak 10 with strategic access to Charlottesville, Northern Virginia and the Tidewater region. bayMountain is at the forefront of providing state-of-the-art managed hosting and colocation to enterprise level clients and other businesses with mission critical IT operations. The company has expertise in complex server clusters, Microsoft Exchange, Linux, wide area networks for geographically dispersed operations, high speed data backup and virtualization.
bayMountain has a first-class data center and highly experienced systems engineers, which has allowed the company to dramatically improve the uptime, security and performance of its customer's critical IT infrastructure.
"The acquisition by Peak 10 gives us the breadth and depth we need to remain committed to the Richmond market by providing the resources for data center expansion and the expertise and commitment to stay on the leading-edge of data center services, said Mark Wensell, Ph.D., vice president, engineering of bayMountain. "We are joining forces with a company that shares our customer-centric culture and operating philosophy. As a Peak 10 company, we will continue our proven track record of providing the highest levels of service and technical expertise to our customers. Wensell will continue on as general manager of Peak 10 Richmond.
Peak 10 enables companies to increase revenue growth, improve service levels, meet regulatory compliance and lower costs by maximizing internal IT resources and ensuring the security and availability of complex technology infrastructure. The company operates ten data center facilities in seven strategic markets with a growing customer portfolio.
"The current market for outsourced IT services is strong and is driving demand for high-end data center space and managed services, said Jeff Spalding, Peak 10 executive vice president, market operations.