Quality Technology Services

QTS Realty Trust, Inc. (popularly known as Quality Technology Services, QTS or QTS Data Centers) is a provider of carrier-neutral data centers and provides colocation services within North America and Northern Amsterdam and is based in Overland Park, Kansas.[2] The company's largest operating areas are: Northern Virginia, Dallas/Fort Worth, Chicago, Hillsboro, Oregon, and New Jersey.

QTS Realty Trust, Inc.
Quality Technology Services
IndustryReal estate investment trust
Founded2003 (2003)
FounderChad L. Williams
Headquarters
Overland Park, Kansas
,
United States
Key people
ProductsData Centers
RevenueIncrease $480 million (2019)
Increase $31 million (2019)
Total assetsIncrease $3.223 billion (2019)
Total equityIncrease $1.444 billion (2019)
Number of employees
612 (2019)
Parent
Websitewww.qtsdatacenters.com
Footnotes / references
[1]

The company has been named the most sustainable company in the data center industry[3] for two years in a row (2019, 2020) by World Finance Magazine. The company is also a member of the RE100,[4] a global corporate leadership initiative bringing together influential businesses committed to 100% renewable electricity.

On August 31, 2021, QTS announced that companies affiliated with the Blackstone Group had completed the acquisition of the company for approximately $10 billion.[5]

History

Timeline

In 2003, Chad Williams founded the company with the purchase of a data center in Kansas.[6]

In October 2005, the company acquired Deltacom's e^deltacom business unit and its data center in Suwanee, Georgia for $26 million.[7]

In October 2006, the company acquired a 960,000 square foot data center in Atlanta as well as Globix Hosting LLC for a total of $161 million.[8][9] The company also acquired NTT USA LLC, which owned a 130,000 square foot facility in the New York City area.[10]

In December 2007, the company acquired the customers of First National Technology Solutions.[11] The company also acquired 120,000 square feet of data center and office technology space in Silicon Valley.[12]

In April 2008, the company expanded into Florida.[13]

In 2010, the company acquired the former Qimonda semiconductor site in Richmond, Virginia and converted the property into a 1.3 million square foot mega data center. The MAREA and BRUSA subsea cable systems operated by Telxius terminate in this facility, forming the QTS Richmond Network Access Point.[14] The QTS Richmond Network Access Point or the NAP was co-founded by Clint Heiden, former Chief Revenue Officer of QTS and Vinay Nagpal, President of InterGlobix, LLC.

In 2011, the company acquired a data center in Lenexa, Kansas.[15]

In January 2013, the company acquired Herakles LLC and its 92,000 square-foot data center in San Francisco.[16]

In February 2013, the company acquired 40 acres in Irving, Texas for construction of a data center facility.[17]

In October 2013, the company became a public company via an initial public offering.[18]

In April 2014, the company acquired the former Chicago Sun-Times plant with plans to convert it into a data center.[19]

In June 2015, the company acquired Carpathia Hosting for $326 million.[20]

In June 2016, the company acquired a data center campus in New Jersey from DuPont Fabros Technology for $125 million.[21][22]

In January 2017, the company acquired a 260,000 square foot data center in Irving, Texas for $50 million.[23]

In May 2017, the company acquired a 3.4-acre parcel next to its Atlanta facility for $1 million.[24]

In April 2019, the company acquired 2 data centers in the Netherlands (Groningen and Eemshaven) for $44 million.[25]

In November 2019, the company announced the expansion of its Atlanta data center campus, totaling more than 250,000 square feet of leasable capacity.[26] Development finished in 2020.

In 2020, the company expanded its commitment to environmental sustainability by partnering with American Forests[27] and World Vision.[28] The company also started development on its greenfield data center campus in Hillsboro, Oregon with completion in 2021. The data center facility is run entirely with renewable energy.

In 2021, the company announced a total of eight data center facilities utilizing renewable energy to power operations.[29]

Acquisitions and expansions

In 2021, Blackstone Group Inc.'s infrastructure unit, Blackstone Infrastructure Partners and its nontraded real-estate investment trust, known as BREIT, have agreed to pay $78 a share for QTS.[30] The acquisition was completed on August 31, 2021.

Data center locations

QTS Realty Trust owns or operates 28 data center locations across the United States and Netherlands in the following areas:

United States
  1. Arizona
  2. California
  3. Florida
  4. Georgia
  5. Illinois
  6. Kansas
  7. New Jersey
  8. Oregon
  9. Texas
  10. Virginia

Netherlands
  1. Eemshaven
  2. Groningen

References
  1. "QTS Realty Trust, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. "Data Center Company | QTS | Leading Provider of Data Center Solutions".
  3. "Sustainability Awards 2020". www.worldfinance.com. Retrieved 2021-08-10.
  4. "RE100 Members". RE100. Retrieved 2021-08-10.
  5. "Blackstone Funds Complete Acquisition of QTS Realty Trust". PR Newswire. Retrieved 2022-12-30.
  6. Anderson, Charlie (February 27, 2005). "CEO takes salvage job at old PVI site and finds whole new line of business". American City Business Journals.
  7. Anderson, Charlie (October 2, 2005). "$26M deal kick-starts Overland Park tech firm". American City Business Journals.
  8. Anderson, Charlie (October 15, 2006). "QualityTech bets $135M on data centers". American City Business Journals.
  9. "Quality Technology Services Completes Acquisition of Globix Hosting LLC" (Press release). Business Wire. November 9, 2006.
  10. "Quality Technology Services Purchases NTT Data USA LLC" (Press release). Business Wire. October 25, 2006.
  11. "Quality Technology Services Acquires New Customers" (Press release). Business Wire. December 12, 2007.
  12. "Quality Technology Services Expands in California Market" (Press release). Business Wire. December 14, 2007.
  13. "Quality Technology Services Expands into Florida Market" (Press release). Business Wire. April 8, 2008.
  14. "QTS Plans Huge Virginia Data Center". 5 April 2010.
  15. Klaus, Krista (June 17, 2011). "Quality Technology Services invests $20M in Lenexa site". American City Business Journals.
  16. Raletz, Alyson (January 3, 2013). "Quality Technology Services expands in Northern California". American City Business Journals.
  17. Carlisle, Candace (February 13, 2013). "Quality Technology Services buys 40 acres in Irving for data center". American City Business Journals.
  18. "QTS Realty Trust, Inc. Prices Initial Public Offering" (Press release). PR Newswire. October 9, 2013.
  19. Ori, Ryan (April 30, 2014). "Data center planned at former Sun-Times plant". Crain Communications.
  20. "QTS Realty Trust Announces Closing of Carpathia Hosting Acquisition" (Press release). PR Newswire. June 16, 2015.
  21. "QTS Acquires DuPont Fabros' 38-Acre New Jersey Data Center Campus" (Press release). PR Newswire. June 6, 2016.
  22. Davis, Mark (June 6, 2016). "Overland Park-based QTS Realty Trust buys New Jersey data center". The Kansas City Star.
  23. "QTS completes purchase of data center in Fort Worth". Fort Worth Business Press. January 31, 2017.
  24. Sams, Douglas (May 30, 2017). "QTS buys Westside property next to massive campus, eyes more expansion". American City Business Journals.
  25. "QTS Expands International Platform with the Strategic Acquisition of Two Data Centers in the Netherlands" (Press release). PR Newswire. April 30, 2019.
  26. "QTS Announces Expansion of Atlanta-Metro Mega Data Center Campus" (Press release). PR Newswire. November 4, 2019.
  27. "Corporate Partners". American Forests. Retrieved 2021-08-10.
  28. Inc, QTS Realty Trust. "QTS Partners with World Vision to Make Clean Water Accessible to Thousands of Families Globally". www.prnewswire.com (Press release). Retrieved 2021-08-10. {{cite press release}}: |last= has generic name (help)
  29. "Four more QTS data centers now sourcing renewable energy". Retrieved 2021-08-10.
  30. Gottfried, Miriam (2021-06-07). "WSJ News Exclusive | Blackstone to Buy Data-Center Operator QTS Realty Trust for $6.7 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-08-10.
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