The Zayo Group, based in Boulder Colorado, recently acquired the Englewood-based Latisys Holdings, according to a report in the Boulder Daily Camera. Latisys, which is a data center and cloud services company, was purchased for $675 million and represents the biggest purchase for Zayo away from its mainstay of fiber and network space, the report stated.
The company — a subsidiary of the broadband infrastructure services provider — previously stated that it was looking to expand its data center business and this is its most aggressive move in that direction yet. Latisys has a total of eight facilities, bringing Zayo’s data center count across the U.S. to 45. It will become part of zColo, and is expected to increase the revenue of that division by 80 percent.
75 percent of the earnings for Latisys are generated from its colocation business, with the rest coming from cloud and infrastructure-as-a-service offerings, the report noted. The cloud side of Latisys will become part of the new Zayo Cloud and Connectivity division, formerly known as Zayo’s Lit Services.
The acquisition of Latisys is the second-largest for Zayo, the report stated. The company has now completed more than thirty acquisitions and is representative of the moving and shaking and the big things that are happening with Boulder-based and Colorado-based businesses.
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