Peak 10 execs said that about 80 percent of its customers would fall into the SMB category. Jones pointed out that during the last 12 to 24 months, Peak 10 has been building larger facilities and landing larger accounts - initiatives which are consistent with positioning the business to go to the next level. He left Telx after the company was acquired by Digital Realty Trust. These can include balancing revenue growth with bottom line performance targets, while nurturing a corporate culture focused on customer service.ĭownie's familiarity with structuring exit strategies is also a huge plus. Peak 10 has a long history of being owned by private equity firms, and has been solely owned by GI Partners since 2014. Jones said he felt it was crucial that a new CEO understood the challenges of running a company owned by private equity. After a nine-month search process he and the board concluded that Downie would be an ideal candidate to lead Peak 10 going forward. Jones said the decision to bring aboard a new CEO was made about a year ago. The squares on the map above represent markets with Peak 10 data centers, while the white dots are business development/customer service offices, which also support strategic partners.

Its data center footprint consists of 15 data centers, spread across 10 secondary markets, primarily located in the Southeast and Mid-Atlantic regions of the US. Read More: Peak 10 and GI Find Winning Formula in Secondary Data Center Markets The company currently serves over 2,600 mainly small and medium business (SMB) customers. Peak 10 has historically focused on providing a suite of enterprise-quality colocation and managed IT services in secondary markets. Downie's charge is 'to take Peak 10 into its next phase,' while Jones remains active as chairman. GI Partners invests in leading companies in fragmented or overlooked markets which it believes can be grown via acquisitions. Peak 10 has reached a number of milestones - including both revenue and size of the service portfolio - making this an ideal time to begin the next stage of strategic growth, David Jones, the company's founder, chairman, and former CEO, whom Downie recently replaced, told Data Center Knowledge in an interview.ĭownie, the former CEO of Telx, is not only familiar with peculiarities of running a large data center company owned by private equity, he knows what it's like to run a large data center provider owned specifically by GI Partners, the private equity firm that also owned Telx for a part of his time at Telx's helm. Chris Downie spent 16 years in C-suite roles at technology infrastructure services companies, but it's his specific type of experience, rather than its length, that gave Peak 10 ownership confidence that he was the man to take the data center provider to the next level.

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