DIGITAL REALTY INVESTS IN ATLASEDGE TO STRENGTHEN GLOBAL EDGE STRATEGY
PRESS RELEASE: Digital Realty announced it has reached an agreement to make a strategic investment in AtlasEdge Data Centres, a European edge data center provider. In conjunction with the investment, Giuliano Di Vitantonio, Executive Vice President, Strategy & Business Segments at Digital Realty, will join AtlasEdge as Chief Executive Officer, effective January 2022.
AtlasEdge delivers seamless, localised and ultra-low latency digital infrastructure through an extensive network of more than 100 facilities across Europe located close to consumer and enterprise end users, at the edge of the last-mile network. The company aims to serve the growing demand from cloud providers, streaming services and enterprises for high-performance, scalable and secure facilities through which they can distribute low-latency applications and services such as 5G, gaming and IoT.
AtlasEdge is an ideal partner for Digital Realty's edge strategy, given the unique last-mile network reach of AtlasEdge's assets in addition to their highly distributed reach across Europe. As interconnection and other data centre solutions move towards the edge, Digital Realty's expertise in designing and operating solutions at scale enhances the value of partnerships for both parties.
“AtlasEdge is quickly becoming a key partner to businesses across Europe, and we are pleased to partner with them to meet the needs of this important region, and to advance our edge strategy as the market develops,” said Digital Realty Chief Technology Officer Chris Sharp.
“Our global edge strategy includes partnering with key players around the world, and we are excited for AtlasEdge to accompany us on the journey with their unique assets and strong market position. We are also pleased that Giuliano, who has been a key contributor to our global strategy, will lead AtlasEdge's promising growth trajectory going forward.”
Mr. Di Vitantonio added, “It has been a privilege to help develop and strengthen Digital Realty's customer relationships and industry-leading innovation, and I'm excited to continue working alongside the company, leveraging its unparalleled data centre expertise to fuel AtlasEdge's growth.”
The transaction is anticipated to close by the end of the year.
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