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ByteGrid Launches Wholesale Data Center Company

June 3, 2011 by  

Webmaster ToolboxRESTON, VA – ByteGrid Holdings LLC, a newly formed company focused on the acquisition, development and operation of premier wholesale data center facilities, today announced that it has acquired a fully operational, highly resilient data center campus on an ultra-secure 11-acre site in Silver Spring, Maryland from a Fortune 50 financial services institution that will continue to lease a portion of the data center under ByteGrid’s ownership. ByteGrid has partnered with Altpoint Capital Partners LLC, a New York based private equity firm, to build and expand the platform across multiple geographic markets.

The flexibly designed facility is strategically located within the Washington, D.C. and Northern Virginia data center market and has approximately 214,000 square feet of data center space. The data center has over 20 megawatts of back-up generator capacity and currently features nine megawatts of available power.


With this facility, ByteGrid can deliver a variety of power densities to meet specific customer needs, and will immediately make available for lease up to 2.4 megawatts of power in densities ranging from 50 to 150 watts per square foot. The facility is served by multiple Tier 1 telecommunications carriers across diverse, redundant paths and is efficiently designed to provide tenants a competitive total cost of ownership. ByteGrid intends to expand the data center’s available power over time to satisfy the demands of both expanding business and consumer IP traffic and cloud computing.

Kenneth R. Parent, ByteGrid’s CEO, who has over 25 years of senior corporate real estate leadership experience, said, “We are pleased to acquire a data center with such a stellar reputation and a history of pristine operations in the Washington, D.C. metropolitan data center market. With Altpoint’s partnership and support, we plan to acquire similar high-quality facilities in additional metropolitan markets to provide scalable and interconnected solutions to our customers.”

“With its efficient, flexible and resilient design, this facility will meet the IT infrastructure outsourcing, business continuity, and disaster recovery needs of our government and commercial customers. Located along the main fiber corridors, this premier facility is ideally suited for both local and national use,” said Manny Mencia, ByteGrid’s President, who has over 25 years of experience in senior telecommunications, data center and IT services roles.

About ByteGrid
ByteGrid is a privately held company headquartered in Northern Virginia focused on acquiring, developing and operating highly flexible, efficient, and resilient wholesale data centers. The company serves the growing need for mission-critical data center space by providing secure, interconnected, carrier-neutral, and density robust facilities that integrate modular and energy efficient technologies. The company is led by industry veterans with significant experience in data center operations, design and construction; data center sales and marketing; real estate development and finance; and telecommunications. For more information about ByteGrid, please visit www.bytegrid.com.

About Altpoint Capital Partners LLC
Altpoint Capital Partners LLC is a New York based private equity firm that invests behind experienced management teams and makes substantial equity investments in enterprises with the potential for significant growth and operating profit improvement. For more information about Altpoint Capital Partners LLC, please visit www.altpointcapital.com.

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