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Technology / AI and automation

i/o Data Centers acquires industrial facility in Arizona

The company is expected to convert the site to its next high-technology, high-security data center and is expected to re-locate its corporate headquarters to the facility as well. The development plan is fully funded and calls for delivery of power and space to users beginning June 1, 2009.

The i/o Data Centers Phoenix One site is expected to be an addition to the company’s current 125,000 square foot Scottsdale, Arizona, One facility and headquarters. The announcement comes on the heels of a recent $560m cash infusion from venture capital firm Sterling Partners of Chicago.

Anthony Wanger, president of i/o Data Centers, said: Even though the economy is slow, the demand for high quality data center power has continued to be strong. Our customers need to grow their IT operations and we help them do it. We have constructed a well-capitalized, profitable business and will continue to grow with our new and current client base.

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CBR Staff Writer

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