(The Hosting News) – Data center provider T5 on Tuesday announced the raising of $113 million to expand its data center complex in Dallas.
Discussing the matter in a press release, T5 Data Centers CEO Peter S. Marin had this to say: “According to Cisco’s Visual Networking Index, a zettabyte of data will cross the Internet in 2016 – that’s 1,024 exabytes or 1.1 trillion gigabytes of data. Companies are looking to capitalize on cloud computing resources to house their data, which is driving demand for high-capacity, custom-built data centers like T5@Dallas. This is the perfect time to invest in data center expansion.”
The new fundraising sets an impressive standard for the data center provider. Over the past three years, the company has raised $500 million the three year’s time.