SUWANEE, Ga.--(BUSINESS WIRE)--Quality Technology Services (QualityTech), one of the nation’s largest privately held providers of data center facilities and managed services, today announced that it has completed the acquisition of Globix Hosting, LLC. The purchase agreement was announced October 3, 2006 and the acquisition was completed November 1, 2006.
QualityTech operates nine data center facilities totaling over 1.5 million square feet in Georgia, Kansas, and Indiana and now in New Jersey and California. The combined organization boasts over 210 employees, 1,500 customers and $86 million in revenue.
“We are excited to welcome the Globix Hosting employees and customers to QualityTech,” says Dan Kurtz, QualityTech’s Vice President of Sales and Marketing. “In addition, Globix brings several expanded and enhanced managed services that we are pleased to offer to the existing QualityTech customers.”
The Globix acquisition, with operations in New York and Santa Clara, is essential to QualityTech achieving its goal to be the premier provider of managed services and data center facilities in the country. The merger of the two organizations makes QualityTech one of the largest privately held providers of colocation and managed services in the nation.
About Quality Technology Services
Quality Technology Services (QualityTech) is a full service technology infrastructure company providing Managed Services, Data Center Services, and Professional Services to businesses. From its world-class data center facility located in Suwanee, Georgia, QualityTech provides unmatched security, availability, scalability, and enterprise manageability. QualityTech provides day-to-day IT operational support and data center expertise to customers, allowing them to focus on growing their businesses. The company’s scalable and flexible solutions improve operational efficiencies, mitigate risks, and control costs associated with managing information technology infrastructure. For more information about QualityTech, please visit www.qualitytech.com or call toll free 866.210.8238.
Forward-Looking and Cautionary Statements
Any statements contained in this press release that are not statements of historical fact, including statements about management's beliefs and expectations, are forward-looking statements and should be evaluated as such. The words "anticipates", "believes", "expects", "intends", "plans", "estimates", "targets", "projects", "should", "may", "will" and similar words and expressions are intended to identify forward-looking statements. Such forward-looking statements reflect, among other things, the Company's current expectations, plans, strategies and anticipated financial results and involve a number of known and unknown risks, uncertainties and factors that may cause the actual results to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to the following: our high degree of leverage and history of operating losses; our ability to retain existing customers and attract new customers; our ability to achieve cost-savings and generate positive cash flow; risks associated with potential acquisitions and divestitures, including the risk that such transactions may not close; and the other risks identified in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended September 30, 2005, as well as in the other documents that we file from time to time with the Securities and Exchange Commission.
Many of these risks are beyond management's ability to control or predict. All forward-looking statements attributable to the Company or persons acting on the Company's behalf are expressly qualified in their entirety by the cautionary statements and risk factors contained in this press release and the Company's filings with the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the SEC, the Company does not undertake any obligation to update or review any forward- looking information, whether as a result of new information, future events, or otherwise.