Switch & Data Acquires Extranet

By Rich Miller
CarrierHotels News Staff

June 26, 2000 -- Switch & Data Facilities Co. (S&DFC) has acquired ExtraNet, a privately held New York-based co-location facilities company. The terms of the transaction were not announced.
"This acquisition strengthens our network and helps us to maintain our plans for growth,'' said Stephen B. Kelly, CEO of S&DFC. "`The addition of ExtraNet, one of the best independent carrier-neutral co-location businesses, adds both significant infrastructure as well as talented management and technical resources to our growing company.''
ExtraNet operates from a technology centers at 111 Eighth Avenue, known for its large flexible floor plates and deep back-up power systems.
S&DFC will absorb 10 employees from ExtraNet, raising its staffing to approximately 100 people. Michael Collado, founder and former CEO of ExtraNet, will join S&DFC as Director of New Business Development.
"I look forward to the continued growth of this marketplace as deregulation takes hold in the information age economy,'' said Collado. "I'm pleased to be able to bring ExtraNet's former employees and expertise into the company.''
Founded in 1997, Switch & Data Facilities Company is a pioneer in the carrier hotel business. The company says it intends to have 40 domestic co-location facilities operational by the end of 2000, as well as an additional 50 leases, both domestic and abroad.