Data Foundry

About Data Foundry

Data Foundry is a data center operator headquartered in the United States. The company provides colocation and other data center services to businesses and organizations. As a data center operator, Data Foundry offers secure and reliable facilities, connectivity, and managed services to help clients meet their data storage, processing, and management needs.

Data Foundry provides data center colocation, disaster recovery, and managed services through carrier-neutral facilities primarily in Texas and select global locations.

Company Overview

Recent Activity

• Stage changeNov 4, 20213 MW

  Switch Reports Q3 2021 Results; Board Approves REIT Conversion

  Switch, Inc. reported Q3 2021 revenue of $158.1 million with 22.8% year-over-year growth and Adjusted EBITDA of $76.9 million. The company's Board unanimously approved conversion to a REIT targeting completion by January 1, 2023. Major customer signings included a 3-megawatt deal with a Fortune 5 technology company at Austin's Rock Campus and expansions totaling over $9 million in annualized revenue across multiple facilities.

• Stage changeAug 5, 2021

  Switch, Inc. Reports Q2 2021 Financial Results, Increased Guidance, and Data Foundry Acquisition Update

  Switch, Inc. announced its financial results for the second quarter of 2021, reporting revenue of $141.7 million and net income of $9.7 million. The company also reported Adjusted EBITDA of $79.0 million, with 11.6% year-over-year consolidated revenue growth. Switch increased its full-year 2021 guidance for organic revenue and Adjusted EBITDA growth to 11% at the midpoint. The company also provided an update on its acquisition of Data Foundry, which closed on June 7, 2021.

• Stage changeMay 10, 2021$420M

  Switch Reports Q1 2021 Results; Announces Data Foundry Acquisition

  Switch, Inc. reported Q1 2021 financial results with revenue of $130.9 million and Adjusted EBITDA of $73.4 million, representing 19% growth in EBITDA year-over-year. The company announced an agreement to acquire Data Foundry for $420 million in an all-cash transaction and declared plans to launch its Fifth Prime Campus in Texas. Switch also reported strong sales momentum with a record revenue backlog and signed contracts totaling $117 million in total contract value.

• M&A / fundingMay 3, 202162 MW

  Switch to Acquire Data Foundry for $420M, Launches Fifth Prime Campus in Texas

  Switch, Inc. announced its acquisition of Data Foundry, Inc., a carrier-neutral colocation provider headquartered in Austin, Texas, for $420 million in an all-cash transaction expected to close by mid-2021. The acquisition adds four multi-tenant data centers across Austin and Houston to Switch's portfolio, expanding to 16 operational facilities across six locations and anchoring the company's fifth Prime data center campus. Switch plans to commence development on new data centers in both Austin and Houston at year-end 2021, with first customer deployments in 2023. The deal includes over 400 customer logos and is expected to be accretive to AFFO per share within the first full calendar year after closing.