CAPRE’s Data Center Round Up for December 4, 2019

ashburn insider

Check out the latest in deals, development and disruptive technology in the data center industry for December 4, 2019: Vertiv May Be Acquired By Former Honeywell CEO: Reuters is reporting that the Goldman Sachs-backed GS Acquisition Holdings Corp., which is led by David Cote, the former Honeywell International CEO has considering acquiring Vertiv. "Cote’s firm, GS Acquisition Holdings Corp, is a so-called special purpose acquisition company (SPAC), which raised $690 Million USD in an initial public offering last year to buy a company without telling investors in advance what that would be," writes Reuters. "GS Acquisition could use the money it raised in the IPO, in addition to debt financing, to acquire Vertiv from private equity firm Platinum Equity. The negotiations are ongoing, and there is no certainty a deal will be reached, the sources said, asking not to be identified because the matter is confidential. Vertiv has also drawn interest from other potential bidders, one of the sources added." NetActuate Completes Major Upgrade to Los Angeles Data Center: In response to growing demand for network and infrastructure services serving the US West Coast market, NetActuate has completed a major upgrade in their Los Angeles data center. Significant additional capacity is now available for bare metal, virtual machines, and colocation services. Upgrades also included the addition of new connectivity partners, reducing latency and improving resiliency for network services. Purpose-built to support high-density, high-scalability requirements, NetActuate’s Los Angeles location provides access…