QTS Closes $326M Carpathia Acquisition; Chad Williams Comments

acquisitionQTS Realty Trust (NYSE: QTS) has completed its acquisition of Virginia-based Carpathia Hosting for $326 million in cash and available credit capacity.

QTS said Tuesday the companies will work on a near-term and long-term integration plan while currently operating in the existing organizational structure.

“Enterprise customers are increasingly looking for scale and flexibility to enhance their data center solutions through a fully integrated 3C product offering, ” said QTS CEO Chad Williams.

The company added that the acquisition will provide their combined customers access to the QTS 3C portfolio of custom data center, colocation and cloud and managed services as well as Carpathia’s international cloud and managed services offerings.

Former Carpathia CEO Peter Weber will serve as QTS’ chief product officer.

The companies originally announced the acquisition in May.

You may also be interested in...

AeroVironment Closes Arcturus UAV Buy; Wahid Nawabi Quoted

AeroVironment (Nasdaq: AVAV) has finalized its acquisition of Arcturus UAV through a $405 million cash-and-stock …

Cyxtera, Starboard Aim to Form Publicly Traded Data Services Provider Under $3.4B Merger Deal

Cyxtera Technologies has agreed to join forces with Starboard Value Acquisition Corp. (Nasdaq: SVAC) in …