Mubadala set to invest $500m in leading American data center firm

Abu Dhabi based global investment firm, Mubadala Investment Company recently signed an agreement to invest an amount totaling $500 million in Cologix, a network-neutral interconnection and hyperscale edge data center company. The investment is in partnership with Stonepeak Infrastructure Partners, who will remain Colgix’s majority shareholder.

Cologix is a provider of reliable, secure, scalable hyperscale edge data center solutions from 28 prime interconnection hubs and five hyperscale facilities across 10 strategic North American markets. The facilities enable the efficient interconnection and operation of 450+ networks, six internet exchanges and 200+ cloud providers including Amazon Web Services, Google Cloud Platform, Oracle Cloud, Windows Azure, and IBM Cloud. Cologix also provides colocation and connectivity services for large, Fortune 500 enterprise customers.

The company’s affirmed position as an industry leader with a strong client base reinforces its ability to significantly scale growth. Moreover, the firm is in a pole position to benefit from the growth of data center industry due to the continuous deployment of cloud services.    

Pending regulatory approvals aside, this will be a landmark investment for Cologix in growing within the data center industry of Canada and the US. Cologix has established a competitive advantage for hyperscale and colocation data center services in these markets, and Mubadala’s investment will provide the company with the financial power to expand on new world-class infrastructure to manage growing customer needs.

Khaled Al Qubaisi, CEO of Mubadala Aerospace, Renewables and ICT, stated “As a global investor, we continue to look closely at opportunities in sectors such as ICT which are rapidly transforming the world. Our philosophy remains founded on investing in innovative businesses with long-term growth potential and market leadership positions. As Abu Dhabi evolves into a global technology and ICT hub, we will continue to invest in partnerships which will unlock immense benefits for all our stakeholders.”

Additionally, Mounir Barakat, executive director of Mubadala ICT noted “This investment marks an important milestone for Mubadala’s ICT business. Cologix is a high-quality company with robust fundamentals in an industry that is growing rapidly and positively impacting the lives of millions of people every day. In Cologix, we are investing in a company that has a clear strategy to build upon its existing market leading position, and one that is led by an excellent management team with which to implement that strategy.”

Mubadala’s ICT portfolio of investments consists of investments in Hyperoptic, the UK’s largest gigabit broadband provider, Khazna Data Centers, Injazat Data Systems, Du – the UAE’s second largest telecoms operator, and Yahsat, a satellite communications company.

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