Colo5 Buys Jacksonville Facility

Less than a year after opening its doors, Colo5 has acquired its second data center in Jacksonville, Florida, the company said Sunday. Colo5 said it had purchased a 20,000 square foot free-standing data center in Jacksonville to expand its colocation and data recovery services business. Terms of the purchase were not disclosed.

Colo5 operates a disaster recovery center in a 122,000 square foot former Barnett Bank facility on Spring Park Road in Jacksonville, which came online in September. The facility includes a 30,000 square foot data center and 50 disaster recovery suites. The company said it expects Colo5 expects to complete the buildout of its new facility and begin welcoming new customers within the next three months.

"We are excited to have acquired a new additional data center in Jacksonville, given the increasing demand for our services," said Colo5's CEO, Doug Recker. "We've employed a model of smart growth and solid execution since inception, and we are especially pleased to offer a natural extension of our services to our growing customer base."

Recker said Colo5 will soon be looking beyond its Jacksonville base. "We expect to expand our footprint regionally as opportunity and demand dictate," said Recker. "Having the financial flexibility and resources to play 'offense' when many folks in our space are financially constrained enables us to move intelligently, offer compelling price-competitive service offerings while providing best-in-class execution."