DC BLOX, a multi-tenant data center provider delivering the infrastructure and connectivity essential to power today’s digital business, recently announced that it has raised new debt capital from Deutsche Bank AG. DC BLOX plans to utilize the proceeds from the term loan to more comprehensively meet expanding customer growth within its existing data centers. The company will also use the capital to expand business operations to further support growth trajectories.
DC BLOX has been experiencing strong demand for its multi-tenant, Tier 3 data centers in underserved markets throughout the Southeastern U.S., which offer rich connectivity, security, reliability, cost-efficiency and expertise, allowing tenants to focus their resources strategically. As enterprises, cloud providers, government entities, educational institutions and service partners must make new infrastructure and connectivity decisions in the face of expanding business digitization, they are seeking reliable colocation data center space and power. Businesses are also looking to address disaster recovery scenarios, connect to multiple cloud providers to support hybrid frameworks and secure valuable and private data.
“We continue to experience high customer demand across our markets, and this infusion of capital supports our ability to scale our business,” said Jeff Uphues, DC BLOX CEO. “Our strategy is working well, and we appreciate Deutsche Bank’s support in helping us to maintain our rapid growth.”
DC BLOX’s software-defined network services and data center footprint enable access to a wealth of providers, partners and platforms to businesses across the Southeast. The company’s connected data centers are located in Atlanta, GA; Huntsville, AL; Chattanooga, TN and Birmingham, AL.
“We are delighted to work with DC BLOX and to be a small part of their growth story,” said Fredric Rosenberg, Head of Deutsche Bank’s U.S. Credit Solutions and Direct Lending. “The vision and execution of Jeff and his team, coupled with the quality of their facilities and offerings, impressed us greatly. We look forward to their continued success.”
To learn more about DC BLOX, please visit www.dcblox.com.