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Manulife Investment Management has completed the acquisition of a controlling interest in Serverfarm, a global innovator in data center development, operation, and management.
This transaction, together with ongoing financial support from Manulife Investment Management and NantCapital, LLC ("NANT"), will enable Serverfarm to accelerate the expansion of its data center portfolio and enhance the market reach of InCommand, its leading cloud based DMaaS (Data Center Management as a Service) platform.
"We are excited to be joining the next chapter of Serverfarm's growth," said Recep Kendircioglu, global head of infrastructure, Manulife Investment Management. "Avner and the Serverfarm team have built a powerful platform and strong customer relationships. With this transaction, Serverfarm is even more well-positioned to serve customers' increasing demands for data center capacity."
"With Manulife Investment Management's support, we will accelerate Serverfarm's growth strategy in existing and new markets," said Avner Papouchado, Founder and CEO of Serverfarm. "It is also an investment in Serverfarm's continuing commitment to customer growth through partnership by meeting their individual data center objectives across CapEx, OpEx, efficiency and sustainability."
"Investment in data centers at Serverfarm and Layer 1 fiber infrastructure is key in meeting NANT's initiatives of funding and building cloud-based infrastructure," said Patrick Soon-Shiong, Founder and Chairman of NANT. "The strategic partnership with Manulife Investment Management adds to the potential of the data centers at Serverfarm to expand its global role in addressing the expanding infrastructure needs of cloud computing and AI in this digital era."
Serverfarm's provision of strategic guidance, technology expertise, alongside bespoke services based on commercial property is unique in the commercial data center market. Serverfarm currently operates a portfolio of eight data centers across North America, Europe and Israel that aggregates more than 1.5 million gross square feet and 125MW of IT capacity, and it has secured additional land for future data center developments. With over 750 sites already managed by InCommand DMaaS, it is the cloud platform of choice for enterprises, cloud services and commercial data center providers to manage their distributed data center assets. As part of the transaction, Avner Papouchado will continue as CEO and both NANT and Mr. Papouchado will retain a significant ownership interest in Serverfarm.