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Peak 10 Acquires Nashville-Based RenTech.
2006-08-04, HostMan.biz Peak 10, Inc., the leading independent data center operator and managed services company, today announced the acquisition of RenTech, a Nashville-based data center operator and outsourcing firm for information technology services. The acquisition enhances Peak 10's position as an industry leader with a large and growing customer-base, unparalleled geographic diversity, and a comprehensive portfolio of products and managed services. Peak 10 will now own and operate eight data centers in six key market locations. The terms of the acquisition were not disclosed. "This is a strategically significant move for Peak 10, as we continue to scale our business through financially sound acquisitions, aggressive facility expansions and consistent organic growth," said David Jones, president and chief executive officer of Peak 10. "With this acquisition, we merge the knowledge and expertise of two entrepreneurial organizations and move forward with a strong commitment to the Nashville market, focusing on growth and exceeding customer expectations. The acquisition also adds further depth to our growing disaster recovery, business continuity and IT compliance solutions and strengthens our services capability." RenTech is a data center operator and IT outsourcing firm that provides managed colocation, enterprise and web hosting, redundant connectivity, and a wide range of managed services from its enterprise-class data center in the Nashville metropolitan area. The company has a well-earned reputation for partnering with its clients to provide cost-efficient technology solutions that achieve success through innovation, communication and successful collaboration. RenTech's customers include notable firms such as Rivals.com, Bondware, IASIS Healthcare, Country Wired and Resource Communications Group. "The acquisition of RenTech by Peak 10 creates significant value for our customers and employees," said Kenneth D. Nelson, chief executive officer of RenTech. "The acquisition gives RenTech the breadth and depth it needs to remain committed to the Nashville market by expanding our geographic footprint, product portfolio and support infrastructure with minimal disruptions to our business. Customers are going to see immediate value especially in the areas of business continuity and disaster recovery with Peak 10's seven other data centers and private OCx network." Peak 10 provides a local solution for outsourcing data center services that lowers costs, maximizes internal resources but keeps an organization's valuable information technology assets close to their business. The company operates eight data center facilities in six strategic markets with a growing customer portfolio that includes LendingTree, BayCare Health System, Broyhill Furniture, Churchill Downs, Paramount Parks and Pergo. Peak 10 was recently ranked the 69th fastest growing private company in America by Inc. magazine. "We applaud the combination of these two customer-focused organizations," said Greg Gough, chief technology officer of Rivals.com. "Peak 10 has a track record of investing in the markets they serve and I believe the value proposition of working with a local market focused, industry leader is tremendous. We look forward to realizing the potential it will bring Rivals.com and other Nashville-area businesses." |
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