Phoenix NAP Expansion Marks Datacenter Anniversary
Hosting News – PHOENIX, AZ – Phoenix NAP®, a next generation datacenter and network access point, announced today it has procured a credit facility from Bank of America to fuel the next phase of build-out at the datacenter, and future expansion.
“Bank of America Merrill Lynch is pleased to help Phoenix NAP meet the increased demand from their customers and support the company’s impressive growth,” said Norm Butler, Bank of America Merrill Lynch Middle Market Banking executive for Arizona, New Mexico and Colorado.
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In order to accommodate customer demands and executed contracts, Phoenix NAP will use the funding to add eight more megawatts of capacity, bringing the total generation capacity up to 12 megawatts. Funds will also be used to complete the build-out of the datacenter’s first floor, along with continuing the expansion onto the second floor.
“Phoenix NAP delivers the colocation, connectivity, and services that customers expect from a next generation facility. We are pleased to help Phoenix NAP achieve this important milestone and look forward to their continued success,” said Jay McCarthy and Scott Chandler of Franklin Court Partners.
Phoenix NAP worked closely with financial advisors from Franklin Court Partners to secure the funding.
“Bank of America and Franklin Court Partners really performed for us, even in challenging circumstances. Their expertise and dedication helped make this deal happen, and we’re excited to move forward with our expansion plans following a great first year,” said Ian McClarty, president of Phoenix NAP.
After announcing its grand opening last June, Phoenix NAP has seen tremendous interest within the greater business community for its high density colocation space. Among its current tenants are the Make-A-Wish Foundation, Unicorn Media, Net Fusion Services, Slickdeals, Village Voice Media, and many others.
“As we move to keep up with demand, the funding is a big impetus for our continued growth. Furthermore, as the IT climate changes and evolves, we are going to be in a position to help small- , medium- , and enterprise-sized businesses meet their needs, be it through a straight colocation space and power scenario, or a different type of cloud-based solution which we will be releasing in the next few months,” said McClarty.
Phoenix NAP is a SAS 70 Type II certified facility and a Payment Card Industry Data Security Standard (PCI DSS) Validated Services provider.
About Phoenix NAP
Phoenix NAP, LLC is a privately held organization of operational, networking and management professionals that have worked in the datacenter and IT fields since the early 1990s. The company employs a unique approach to providing flexible datacenter solutions that are tailored to meet the differing needs of small businesses and large enterprises. For more information, visit the company’s website at www.phoenixnap.com.
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