Data center provider secures credit facility to support expansion plans and lower cost of capital
DALLAS (Sept. 25, 2018) – Aligned Energy, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, today announced it has completed a $375 million secured credit facility with Goldman Sachs Bank USA.
This new loan provides Aligned Energy lower-cost capital to support the company’s substantial near- and long-term development objectives. The loan, inclusive of extension options, matures in October 2023.
“We couldn’t be more pleased with the results of the transaction,” said Anubhav Raj, CFO of Aligned Energy. “The structure of this financing provides the necessary capital to facilitate the development of our expanding data center portfolio.”
“Along with the investment made by Macquarie Infrastructure Partners earlier this year as well as the continued support of BlueMountain Capital Management, this significant funding with Goldman Sachs positions us to aggressively address the exponential growth and strong demand we’re seeing in the industry,” added Andrew Schaap, CEO of Aligned Energy.
The Aligned Energy team has operated more than 750 Megawatts and developed over $3.5 billion of data centers around the globe for some of the most discerning clients. The company has operational data center facilities in Dallas, Phoenix, and Salt Lake City, and a newly-announced 180-Megawatt campus in Ashburn, Virginia that is underway.
Aligned Energy’s mission is to make data center critical infrastructure intelligent enough to continuously improve both its economic performance and environmental impact, delivering a noticeable business advantage. The company’s unique approach to infrastructure deployment allows it to deliver the data center platform like a utility – accessible and scalable as needed. It also reduces the energy, water and space required to operate physical data center environments, significantly improving sustainability and yielding greater water and power usage effectiveness for customers.
Dechert LLP served as legal counsel to Goldman Sachs USA on the financial transaction, while Cooley LLP represented Aligned Energy.
About Aligned Energy
Aligned Energy is an infrastructure technology company that offers adaptable colocation and build-to-scale solutions to cloud, enterprise, and managed service providers. Our intelligent infrastructure allows us to deliver data centers like a utility—accessible and consumable as needed. By reducing the energy, water and space needed to operate, our data center solutions, combined with our patented cooling technology, offer businesses a competitive advantage by improving reliability and their bottom line. For more information, visit www.alignedenergy.com and connect with us on Twitter, LinkedIn and Facebook.
DALLAS (Sept. 24, 2018) – Aligned Energy, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, is pleased to announce Eric Jacobs as new Chief Revenue Officer.
“Eric brings a wealth of industry knowledge and demonstrates an exceptional track record of success and leadership,” said Andrew Schaap, CEO of Aligned Energy. “We are thrilled to have someone of his stature and expertise joining the Aligned Energy team.”
In this new role, Jacobs will be responsible for all facets of sales, and solution architecture; including the development of sales and channel “go-to-market” strategies, lead contract negotiations, implementation of a robust sales support processes to ensure pipeline growth, revenue acquisition/projections, and customer success.
Before joining Aligned Energy, Jacobs worked at QTS Realty Trust for more than eight years and was most recently Executive Vice President of Sales, where he was instrumental in the growth of the company. While at QTS, he also served in several executive leadership roles including sales, operations and facilities.
Prior to QTS, Jacobs was Vice President of Sales at CMI, Executive Vice President of Sales and Officer for Pac-West, Senior Director of Enterprise Sales at Zayo Group (AboveNet Communications), and one of the original team members for Nextel Communications, Inc.
Jacobs is a graduate of the University of Oregon where he received a Bachelor of Science in Finance and Corporate Management. He is also an active member in a variety of community organizations, currently serving as board member of the CIO Scholarship Fund which provides scholarships for economically disadvantaged students seeking a degree in information technology.
About Aligned Energy
Aligned Energy is an infrastructure technology company that offers colocation and build-to-scale solutions to cloud, enterprise, and managed service providers. Our intelligent infrastructure allows us to deliver data centers like a utility—accessible and consumable as needed. By reducing the energy, water and space needed to operate, our data center solutions combined with our patented cooling technology offer businesses a competitive advantage by improving reliability and their bottom-line.
The cost of a data breach can be astronomical. Each record lost is estimated to cost a business $141. While individually that doesn’t seem like much, consider the scale. When an enterprise business comes under attack, the number of records can mean a $3.62 million price tag. With businesses investing in more hardware—31 percent of IT budgets are earmarked for hardware purchases—it opens the door to a new possible security breach. Outdated hardware often contains sensitive information, meaning that businesses don’t just need to watch for frontline attacks, they also need to watch the back door of data disposal. When trying to keep data out of the wrong hands, several challenges present themselves.
1. Creating Clear Disposal Policies
When upgrading to new systems, tossing old systems into the trash or donating them to a nonprofit might seem like the most efficient solution, but without solid policies in place to guide when, and more importantly how, these disposal options are handled, you might be giving away your corporate data for free. A surprising amount of sensitive information may be stored locally on devices, making it important for your business to have a checklist in place for what to do with any decommissioned device that has internal storage.
2. Controlling Shadow IT Devices
Your company may not hand out flash drives or load data onto discs, but that doesn’t mean employees are as discriminating. To get the job done, employees will often adopt processes that don’t have a security-first mindset. For example, someone in marketing might download a list of leads to a flash drive for a quick handoff to the sales department. If that flash drive isn’t part of your IT inventory, how do you know what happens to it, and the data stored on the drive?
3. Managing BYOD Mobile Situations
Handing out smartphones to dozens or hundreds of employees can get expensive, which is why many companies have switched to a Bring Your Own Device model. When employees use their own phones to access sensitive information, they may not have enough security installed to protect it, and what happens to their existing phone when they upgrade? All of these questions should be part of any decisions about mobile policy and data access.
4. Decisions about Encryption vs. Erasure
Permanently deleting data from hard drives is virtually impossible, which may be one reason to implement physical destruction for older drives. With newer solid-state drives, sometimes encryption is a better solution than erasing data. After all, you have a limited nmumber of times you can re-write to these drives before they become inoperable. Top-level encryption can keep your data alost as secure, without the need for a NIST-licensed incinerator.
5. The Challenge of Total Data Destruction
Most storage devices don’t easily delete data. Shadows are left behind. With the right software, a hacker can come along behind you and recreate a lot of the content you ‘deleted.’ For actual data disposal, physical destruction of the storage device is the most secure method. That doesn’t mean taking a hammer to your old servers, but it does mean pulling your drives and sending them to a disposal facility. This process is time-consuming and expensive, so it should only be implemented for your most private storage units.
Many businesses are moving toward cloud-based solutions, in part to avoid some of these challenges. When your sensitive data is stored elsewhere, you don’t need to worry about disposal, though you will want to know how your vendor handles the issue.