M&A Deal Summary

Switch Acquires Data Foundry

On May 3, 2021, Switch acquired information technology company Data Foundry for 420M USD

Acquisition Highlights
  • This is Switch’s 1st transaction in the Information Technology sector.
  • This is Switch’s largest (disclosed) transaction.
  • This is Switch’s 1st transaction in the United States.
  • This is Switch’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-05-03
Target Data Foundry
Sector Information Technology
Buyer(s) Switch
Deal Type Add-on Acquisition
Deal Value 420M USD
Advisor(s) Citizens Digital Infrastructure M&A Advisory (Financial)
Vinson & Elkins (Legal)

Target

Data Foundry

Austin, Texas, United States
Data Foundry is a carrier-neutral data center colocation provider with over 25 years of profitable operating history. Founded in 1994 as one of the first 50 Internet Service Providers (ISPs) in the United States, the company began providing colocation services in 1999. Data Foundry's beginnings as an ISP helped to mold the company's service-focused culture as a colocation provider, and formed its extensive background in networking and data center operations. The company builds the most redundant, connected, and secure data centers with the best disaster recovery solutions available in Texas.

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Buyer(S) 1

Buyer

Switch

Las Vegas, Nevada, United States
Category Company
Founded 2000
Sector Information Technology
Employees759
Revenue 512M USD (2020)
DESCRIPTION

Switch provides colocation, connectivity, and cloud services for large corporations, mid-sized enterprises, government agencies and other businesses conducting mission-critical business on the Internet in North America. Switch was founded in 2000 and is based in Las Vegas, Nevada.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal