Charlotte, North Carolina – (The Hosting News) – August 10, 2006 –
Data center operator and managed services provider, Peak 10, has completed its acquisition of RenTech, a Nashville-based data center operator and outsourcing firm for information technology services.
The acquisition enhances Peak 10’s comprehensive portfolio of products and managed services. Peak 10 will now own and operate eight data centers in six key market locations. The terms of the acquisition were not disclosed.
David Jones, President and Chief Executive Officer of Peak 10 commented, ”This is a strategically significant move for Peak 10, as we continue to scale our business through financially sound acquisitions, aggressive facility expansions and consistent organic growth. With this acquisition, we merge the knowledge and expertise of two entrepreneurial organizations and move forward with a strong commitment to the Nashville market, focusing on growth and exceeding customer expectations. The acquisition also adds further depth to our growing disaster recovery, business continuity and IT compliance solutions and strengthens our services capability.”
RenTech is a data center operator and IT outsourcing firm that provides managed colocation, enterprise and web hosting, redundant connectivity, and a wide range of managed services from its enterprise-class data center in the Nashville metropolitan area. The company has a well-earned reputation for partnering with its clients to provide cost-efficient technology solutions that achieve success through innovation, communication and successful collaboration. RenTech’s customers include notable firms such as Rivals.com, Bondware, IASIS Healthcare, Country Wired and Resource Communications Group.
Kenneth D. Nelson, Chief Executive Officer of RenTech added, ”The acquisition of RenTech by Peak 10 creates significant value for our customers and employees. The acquisition gives RenTech the breadth and depth it needs to remain committed to the Nashville market by expanding our geographic footprint, product portfolio and support infrastructure with minimal disruptions to our business. Customers are going to see immediate value especially in the areas of business continuity and disaster recovery with Peak 10’s seven other data centers and private OCx network.”
Greg Gough, Chief Technology Officer of Rivals.com added, ”We applaud the combination of these two customer-focused organizations. Peak 10 has a track record of investing in the markets they serve and I believe the value proposition of working with a local market focused, industry leader is tremendous. We look forward to realizing the potential it will bring Rivals.com and other Nashville-area businesses.”
Peak 10’s goal is to enable companies to lower costs, improve service levels, meet regulatory compliance and increase revenue growth by maximizing internal IT resources and insuring the security and availability of complex technology infrastructure. The company offers customers the advantages of owning their own data center and the benefits of outsourcing to an industry leader. Peak 10 owns and operates data centers in Raleigh, Charlotte, Louisville, Jacksonville and Tampa.
Peak 10 is a Southeast data center operator and managed services provider, endeavoring to deliver scalable, economical and reliable solutions for hosting and managing complex information technology infrastructure. The company combines its seven data centers and portfolio of managed services with localized engineering and support to serve companies including Churchill Downs, LendingTree, GunnAllen Financial, Global Knowledge and the Jacksonville Jaguars. Peak 10 owns and operates world class facilities in Louisville, Ky.; Tampa and Jacksonville, Fla.; and Raleigh and Charlotte, N.C. The company was recently ranked the 69th fastest growing private company in America by Inc. magazine.
To learn more, please visit: www.peak10.com.