Local News

Peak 10 Acquires Nashville Data Center Operation

Posted August 4, 2006

— Peak 10

, a provider of data centers and managed information technology services, is expanding its footprint to Tennessee.

Peak 10, which is based in Charlotte, said Friday that it was acquiring RenTech. RenTech operates a data center and provides IT services in Nashville.

Terms of the deal were not disclosed.

Peak 10 now operates data centers in Charlotte, Raleigh, Louisville KY, and Tampa and Jacksonville, FL. The company recently expanded its headquarters operation in Charlotte.

In all, Peak 10 operates eight data centers.

"This is a strategically significant move for Peak 10, as we continue to scale our business through financially sound acquisitions, aggressive facility expansions and consistent organic growth," said David Jones, president and chief executive officer of Peak 10. "With this acquisition, we merge the knowledge and expertise of two entrepreneurial organizations and move forward with a strong commitment to the Nashville market, focusing on growth and exceeding customer expectations.

RenTech offers managed co-location, enterprise and web hosting, redundant connectivity, and other managed services.

"The acquisition of RenTech by Peak 10 creates significant value for our customers and employees," said Kenneth Nelson, chief executive officer of RenTech. "The acquisition gives RenTech the breadth and depth it needs to remain committed to the Nashville market by expanding our geographic footprint, product portfolio and support infrastructure with minimal disruptions to our business."

Nelson will remain with the company as vice president and general manager of the Nashville operation. It will assume the Peak 10 name.

RenTech was founded by Nelson in 1999.


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