Exodus Invests In Relera

Jan. 18, 2001 -- Hosting industry giant Exodus Communications has made a $3 million investment in Relera, a start-up building data centers in 25 cities where Exodus has no presence.
The two companies "intend to explore opportunities to leverage each others' strengths to deliver enhanced services in their respective markets," Exodus and Relera said in a press release
"We are pleased to invest in Relera,'' said Ellen M. Hancock, chairman and CEO of Exodus. "Exodus' world-class infrastructure and services will enhance Relera's ability to offer best-of-breed Web hosting solutions to its customers and presents Exodus with the opportunity to collaborate to offer services in markets where we don't plan to build facilities in the near future.''
"Our presence in 25 U.S. markets, combined with Exodus' industry leadership, will provide tremendous value to customers as they grow their businesses,'' said Eric Hood, chief executive officer of RELERA. "Customers will certainly benefit from the combined expertise and resources this collaboration has to offer.''
Founded in January 2000 and backed by more than $300 million in equity financing, Relera is building nearly 1 million square feet of data center space in 25 of the top 40 U.S. markets. The company has headquarters in Denver and San Diego.
Exodus is a leading provider of complex Internet hosting for enterprises with mission-critical Internet operations. Exodus manages its network infrastructure via a worldwide network of Internet Data Centers (IDCs) located in North America, Europe and Asia Pacific.