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EdgeConneX Buying Israel’s Global Data Center for as Much as $400 Million

Moshe Lasman, CEO and Founder of Global Data Center. Company Photo Eyal Tueg

EdgeConneX offers global hyperlocal to hyperscale data center Solutions. The company is acquiring Global Data Center (GDC), an Israel-based data center operator headquartered in Herzliya. The deal is reportedly worth anywhere from $300 to $400 million.

Once completed, the acquisition will bring two new facilities into the EdgeConneX global data center platform, including GDC’s state-of-the-art, and highly secure underground facilities in Herzliya and Petah Tikva, near Tel Aviv.

Global Data Center was founded in 2013 by Moshe Lasman in cooperation and with the financial backing of the Viola Group, a leading private equity investment firm. The Company operates two highly secure, sub-terranean data centers near Tel Aviv, one in Herzliya Pituach, and the second in Petah Tikva. Both sites are built in accordance with the Tier 3 Uptime global standard that serves as the current standard for advanced data centers.

EdgeConneX provides a full range of data center solutions worldwide, from Hyperlocal to Hyperscale, from purpose-built to build-to-order, working closely with our customers to offer choice in location, scale and type of facility.

“I am pleased to announce the expansion of the EdgeConneX global footprint to the Middle Eastern region with the acquisition of GDC,” said Randy Brouckman, CEO of EdgeConneX. As always, the Company’s focus is on its customers and providing them with the capacity they want, where they want it, and when they want it. In the case of Israel, GDC’s talented leadership team, strong operational track record and existing infrastructure helps us accelerate meeting these requirements by providing a ready-made solution with a premium platform that is already well established in the market.”

“Global Data Center is joining EdgeConnex following seven years of great momentum in our business,” commented Moshe Lasman, Global Data Center Founder and CEO. “EdgeConneX brings over a decade of experience building out a global data center platform that includes approximately 50 data centers in over 40 markets around the world and spans everything from hyperlocal edge facilities to hyperscale data center campuses. Together we will be able to best serve the local data center infrastructure needs in Israel and global requirements anywhere in the world.”

“For our Israeli customers, nothing changes practically in regard to Global Data Center, organizationally, operationally, or strategically,” Lasman added. “I will continue to lead the business in Israel and the rest of the GDC team will remain in place. The GDC teams supporting each customer will continue to perform in the same manner as before. If anything, we will look to further grow and augment the existing teams with additional talent and continue to operate our data centers as before. We will provide each customer with the space, power, and connectivity, where they need it to best serve their needs and that of their customers.”

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