The agreement aims to provide more opportunities to enable the efficient interconnection services in the hyperscale data company.
Abu Dhabi-based global investment firm, Mubadala Investment Company had just signed an agreement to invest $500 million in Cologix, a network-neutral interconnection and hyperscale edge data centre company. The investment is in partnership with Stonepeak Infrastructure Partners, who will remain as Cologix’s main shareholder.
“This investment marks an important milestone for Mubadala’s ICT business. Cologix is a high-quality company with robust fundamentals in an industry that is growing rapidly and positively impacting the lives of millions of people every day. In Cologix, we are investing in a company that has a clear strategy to build upon its existing market leading position, and one that is led by an excellent management team with which to implement that strategy,” says Mounir Barakat, Executive Director of Mubadala ICT.
Cologox is a service provider of secure and reliable hyperscale edge data centre solutions from 28 interconnection hubs and five hyperscale facilities across 10 markets in North America.
The facilities enable the efficient interconnection and effective operation of over 450 networks, more than 200 cloud providers and six internet exchanges including Amazon Web Services (AWS), Google Cloud Platform, Oracle Cloud, Windows Azure and IBM Cloud. The network also provides colocation and connectivity services for large Fortune 500 enterprise customers.
Pending regulation approvals aside, this partnership poses as a landmark investment for Cologix in growing within the data centre industry of Canada and the US. With the company’s prominent position as an industry leader with a strong clientele that reinforces its potential to tremendously scale growth, Cologix has established a competitive front for hyperscale and colocation data centre services in these markets, and Mubadala’s investment will provide the company with enough financial power to expand their world-class infrastructure and manage the customers’ growing needs.
“As a global investor, we continue to look closely at opportunities in sectors such as ICT, which are rapidly transforming the world. Our philosophy remains founded on investing in innovative businesses with long-term growth potential and market leadership positions. As Abu Dhabi evolves into a global technology and ICT hub, we will continue to invest in partnerships which will unlock immense benefits for all our stakeholders,” says Khaled AlQubaisi, CEO of Mubadala Aerospace Renewables and ICT.
Mubadala’s ICT portfolio of investments consists of Hyperoptic, the UK’s largest gigabit broadband providers, Injazat Data Systems, Khazna Data Centres, and Du, the UAE’s second largest telecoms operator.
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