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Switch and Data Acquires RACO

Carrier Hotels Staff Posted Mar 16, 2004

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Almost exactly a year after announcing plans to buy PAIX, Switch and Data has completed the acquisition of Remote Access Company (RACO), a privately-held company providing neutral colocation services for the service provider and enterprise markets. Through the RACO deal Switch and Data, the leading neutral interconnection, Internet exchange and colocation provider, expands its footprint to include RACO’s four sites located in New York City, Toronto, Chicago and Buffalo. The New York City facility is located at 60 Hudson St., one of the premier carrier hotels in the United States. RACO generated $8.3 million in revenue in 2003. This transaction extends Switch and Data’s customer base to more than 650 customers. Read the full story ...