RadiusDC to acquire data center and colocation business of PhoenixNAP.

RadiusDC, an operator of highly connected, urban-located data centers that provide telecommunication services, agreed to acquire data center and colocation business of PhoenixNAP, a data center-as-a-Service provider specializing in cloud-based infrastructure solutions for digital transformation. Financial terms were not disclosed. "This acquisition strengthens RadiusDC's national platform and expands our ability to serve customers in one of the country's most important connectivity markets. The Phoenix facility adds a highly established interconnection ecosystem with a strong, diverse customer base and significant expansion capacity. By integrating this campus into our broader portfolio, we enhance our ability to deliver scalable infrastructure in key metropolitan markets — while maintaining the operational continuity customers rely on today," Mike Krza, RadiusDC Chief Executive Officer.