Hivelocity Sells Chicago and Miami Colocation Services to Digital Realty to Focus on Core Business

Hivelocity, a portfolio company of Valterra Partners, announced the sale of its colocation services business at 350 E. Cermak Road, Chicago (ORD1) and 36 NE 2nd Street, Miami (MIA2) to Digital Realty, the largest global provider of cloud and carrier-neutral data center, colocation, and interconnection solutions. This transaction enables Hivelocity to increase its focus on existing bare metal, enterprise cloud and virtual server solutions while expanding its strategic partnership with a global data center leader to ensure customers receive the highest standard of service.

Digital Realty's existing ownership of the underlying facilities and experience operating and connecting global data centers ensures that customers located in Chicago and Miami will continue to receive the reliable, high-quality support they have come to expect. Jeremy Pease, CEO of Hivelocity, commented that Digital Realty is ideally suited to acquire these assets and is well positioned to drive incremental value to customers at these locations. The expertise of Digital Realty combined with Hivelocity's proven track record in these facilities will ensure ongoing service excellence.

Hivelocity will continue to provide and grow colocation services at its core facilities and provide bare metal and cloud hosting services at locations across the US and internationally, building on proven success and seamless integration with Digital Realty's network. The companies currently collaborate across more than ten global locations, integrating Hivelocity's bare metal solutions with Digital Realty's global data center platform, PlatformDIGITAL®. This collaboration empowers customers with agile hybrid solutions, secure data center operations, and ongoing support for digital transformation initiatives and next-generation applications.

Faramarz Mahdavi, VP, IT Infrastructure and Operations at Digital Realty, stated that their priority is to deliver a seamless transition and provide customers with access to PlatformDIGITAL®, Digital Realty's global platform, innovative solutions, and industry-leading reliability. The acquisition further strengthens Digital Realty's position as a trusted global partner, expanding service capabilities and colocation offering in two of its existing data centers. Customers will continue to receive uninterrupted service as they are gradually onboarded to MarketplacePORTAL, the global customer access platform.

Kevin Reed, Managing Director at Valterra Partners, added that the transaction reflects the strength of their investment strategy and the value they continue to create in partnership with industry leaders like Digital Realty. For more information about Hivelocity's services, visit www.hivelocity.net.