Switch announced a $420 million all-cash agreement to acquire Texas colocation operator Data Foundry on May 3, 2021, and completed the acquisition on June 7, 2021. The deal gave Switch a presence in Austin and Houston and added a Texas platform it said could support geographic diversification and future expansion.
What Switch agreed to buy
Switch’s May 3, 2021 announcement described Data Foundry as a carrier-neutral colocation provider headquartered in Austin, with four highly connected, multi-tenant data centers: three in Austin and one in Houston. Switch announced an all-cash purchase price of $420 million. The agreement was still subject to customary closing conditions, including regulatory approval, when announced. Switch’s May 3, 2021 announcement
When the acquisition closed—and what the price covered
Switch reported in a Form 8-K that its subsidiary Switch, Ltd. completed the acquisition on June 7, 2021. The filing says Switch acquired Data Foundry’s equity interests and certain related real property interests for approximately $420 million, subject to customary closing adjustments. That completed-transaction figure is the filing’s description of consideration; it is distinct from the $420 million announced purchase price. Switch’s Form 8-K filed with the SEC
Why Switch said it wanted the Texas business
Switch said the acquisition would establish its fifth Prime data center campus, extend its geographic reach into the Central U.S., diversify its footprint and revenue exposure, and provide room to expand. Founder and CEO Rob Roy described the intended benefits as broader reach and low-latency connectivity for Texas and the Central U.S., along with geographic and revenue diversification. Those remarks state management’s rationale and expectations, not independent evidence that every projected benefit was achieved. Switch’s May 3, 2021 announcement
The Tool Desk
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- Save valuable floor space: 6U wall mount server cabinet Dimensions: 13.78" H x21.65" W x17.72" D.Maximum mounting depth is 14.2"
- Keep critical network equipment secure: glass door and side panels are lockable to prevent unauthorized access. Front door can be installed on either side of the front of the cabinet to satisfy your door swing orientation preference
- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punch-out panels for easy cable access
- Durability: Made of high quality cold rolled steel holds up to 110lb (50kg) (Easy Assembly Required)
- PCI & HIPPA and EIA/ECA-310-E compliant
What happened to Switch afterward
DigitalBridge and IFM Investors completed their take-private of Switch on December 6, 2022. DigitalBridge described the transaction as valued at approximately $11 billion, including repayment of outstanding debt. Switch’s common stock stopped trading after the transaction, so the company should be described as privately held after the take-private rather than as a current NYSE-listed issuer. DigitalBridge’s announcement of the take-private completion
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to check Switch’s present Texas footprint
Switch’s current Austin location page describes its Austin and Houston presence in connection with the acquired Foundry West and Foundry East sites. The page is company marketing material, and operating capacity or expansion details can change; consult it directly for current location information rather than treating 2021 deal materials as present-day specifications. Switch’s Austin location page
Quick Recap
Rank #3
- Sturdy:4u server rack is construct from cold rolled steel, with a weight capacity of 110lbs(50kg); Electrostatic powder coat prevents rust and corrosion,quality finish
- Direct use:Open and use, not having to assemble it.Network rack can be placed flat or mounted on the wall,also can be installed vertically under the table
- Design Features:maximum mounting depth of 14 in,cables can be fixed on the side panel;Open frame server rack achieves effortless inspection, replacement and assemble
- Installation:wall mount network rack is easy to install,with instructions or videos for reference;Equipped with multiple accessories, suitable for different needs
- Application:EIA/ECA-310-E Compliant;wall mounted 4u rack fits all 19" racks and cabinets to hold various IT, network, and AV equipment;wall mount rack available in 4U, 6U, and 8U to choose
Rank #2
- Save valuable floor space: 12U wall mount server cabinet Dimensions: 24.25" H x21.65" W x17.72" D. MAXIMUM MOUNTING DEPTH is 14.2".
- Keep critical network equipment secure: glass door and side panels are lockable to prevent unauthorized access; Front door can be installed on either side of the front of the cabinet to satisfy your door swing orientation preference
- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punchout panels for easy cable access
- Durability: Made of high quality cold rolled steel holds up to 110lb (50kg) (Easy Assembly Required)
- PCI & HIPPA and EIA/ECA-310-E compliant
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