According to a recent JLL Data Center Outlook report, 48 data center industry M&As totaling approximately $20 billion occurred in 2017, nearly exceeding the total volume of the previous two years combined. The research firm anticipates this trend will remain for the next several years as major data center players continue to expand scale, services and expertise. Meanwhile Cisco predicts that data creation, demand for content, and Internet traffic is expected to increase by 20 percent or more per year for the next four years, directly fueling exceptional growth for data center facilities.
In order to provide new leadership as Infomart Data Centers pursues an aggressive growth strategy of its own, the national wholesale carrier-neutral data center provider recently announced that its board of directors appointed Phil Koen as a new member. Succeeding Infomart’s founder and former President, John Sheputis, who will remain as an adviser to Infomart while the board of directors conducts a search for a new Chief Executive Officer, Mr. Koen will also serve as the company’s interim CEO.
Mr. Koen possesses deep experience guiding prominent data center and internet infrastructure companies through periods of rapid growth. He most recently served as CEO and Chairman of the Board of Intermedia, a Unified Communications as a Service (UCaaS) and business cloud email provider. Previously, he was the CEO of Savvis Inc., a global managed hosting and colocation services provider, and President and Chief Operating Officer of Equinix Inc.
“Phil is one of the most experienced and well-respected executives in the data center sector. We are thrilled to have him join the board and lead the team in the interim as the company enters this exciting next stage of its growth,” said Matt A’Hearn, Managing Director of IPI Partners and a member of Infomart’s board of directors. “Phil joins a board that is committed to investing in the company and building upon its momentum to become the provider of choice for wholesale deployments.”
The transition of leadership follows the March 2018 announcement of the acquisition of three Infomart data centers and Infomart’s management company by IPI Data Center Partners Management, LLC (“IPI Partners”). Sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC, IPI Partners invests in data centers and other technology and connectivity-related real assets.
“I am excited to be joining the board and thank John for his contributions in building a very successful company,” said Mr. Koen. “Looking ahead, Infomart is positioned to quickly bring significant capacity to the wholesale data center market and I look forward to working closely with the company’s talented team to aggressively pursue these growth opportunities.”
For more information about Infomart, visit infomartdatacenters.com.