Quality Technology Services

QTS Realty Trust, Inc.
Quality Technology Services
Public company
Traded as NYSE: QTS (Class A)
Russell 2000 Component
Industry Real estate investment trust
Founded 2003 (2003)
Founder Chad L. Williams
Headquarters Overland Park, Kansas
Key people
 Chad L. Williams, Chairman & CEO
William H. Schafer, CFO
Products Data Centers
Revenue Increase $0.446 billion (2017)
Decrease $0.001 billion (2017)
Total assets Increase $2.415 billion (2017)
Total equity Increase $0.990 billion (2017)
Number of employees
 818 (2017)
Website www.qtsdatacenters.com
Footnotes / references
[1]

QTS Realty Trust, Inc. (popularly known as Quality Technology Services or QTS) is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. As of December 31, 2017, the company owned 25 operating data center facilities comprising over 5.7 million net rentable square feet. The company has over 1,100 customers including enterprises, network operators, cloud providers, and supporting service providers.[1]

History

In 2003, Chad Williams founded the company with the purchase of a data center in Kansas.[2]

In October 2005, the company acquired Deltacom's e^deltacom business unit and its data center in Suwanee, Georgia for $26 million.[3]

In October 2006, the company acquired a 960,000 square foot data center in Atlanta as well as Globix Hosting LLC for a total of $161 million.[4][5] The company also acquired NTT USA LLC, which owned a 130,000 square foot facility in the New York City area.[6]

In December 2007, the company acquired the customers of First National Technology Solutions.[7] The company also acquired 120,000 square feet of data center and office technology space in Silicon Valley.[8]

In April 2008, the company expanded into Florida.[9]

In 2011, the company acquired a data center in Lenexa, Kansas.[10]

In January 2013, the company acquired Herakles LLC and its 92,000-square-foot data center in San Francisco.[11]

In February 2013, the company acquired 40 acres in Irving, Texas for construction of a data center facility.[12]

In October 2013, the company became a public company via an initial public offering.[13]

In April 2014, the company acquired the former Chicago Sun-Times plant with plans to convert it into a data center.[14]

In June 2015, the company acquired Carpathia Hosting for $326 million.[15]

In June 2016, the company acquired a data center campus in New Jersey from DuPont Fabros Technology for $125 million.[16][17]

In February 2017, the company acquired a 260,000 square foot data center in Irving, Texas for $50 million.[18]

In May 2017, the company acquired a 3.4-acre parcel next to its Atlanta facility for $1 million.[19]

References

  1. 1 2 "QTS Realty Trust, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ Anderson, Charlie (February 27, 2005). "CEO takes salvage job at old PVI site and finds whole new line of business". American City Business Journals.
  3. ↑ Anderson, Charlie (October 2, 2005). "$26M deal kick-starts Overland Park tech firm". American City Business Journals.
  4. ↑ Anderson, Charlie (October 15, 2006). "QualityTech bets $135M on data centers". American City Business Journals.
  5. ↑ "Quality Technology Services Completes Acquisition of Globix Hosting LLC" (Press release). Business Wire. November 9, 2006.
  6. ↑ "Quality Technology Services Purchases NTT Data USA LLC" (Press release). Business Wire. October 25, 2006.
  7. ↑ "Quality Technology Services Acquires New Customers" (Press release). Business Wire. December 12, 2007.
  8. ↑ "Quality Technology Services Expands in California Market" (Press release). Business Wire. December 14, 2007.
  9. ↑ "Quality Technology Services Expands into Florida Market" (Press release). Business Wire. April 8, 2008.
  10. ↑ Klaus, Krista (June 17, 2011). "Quality Technology Services invests $20M in Lenexa site". American City Business Journals.
  11. ↑ Raletz, Alyson (January 3, 2013). "Quality Technology Services expands in Northern California". American City Business Journals.
  12. ↑ Carlisle, Candace (February 13, 2013). "Quality Technology Services buys 40 acres in Irving for data center". American City Business Journals.
  13. ↑ "QTS Realty Trust, Inc. Prices Initial Public Offering" (Press release). PRNewswire. October 9, 2013.
  14. ↑ Ori, Ryan (April 30, 2014). "Data center planned at former Sun-Times plant". Crain Communications.
  15. ↑ "QTS Realty Trust Announces Closing of Carpathia Hosting Acquisition" (Press release). PRNewswire. June 16, 2015.
  16. ↑ "QTS Acquires DuPont Fabros' 38-Acre New Jersey Data Center Campus" (Press release). PRNewswire. June 6, 2016.
  17. ↑ Davis, Mark (June 6, 2016). "Overland Park-based QTS Realty Trust buys New Jersey data center". The Kansas City Star.
  18. ↑ Jubar, David (February 7, 2017). "QTS Realty Trust Acquires Fort Worth Data Center from Health Care Service Corp". CoStar Group.
  19. ↑ Sams, Douglas (May 30, 2017). "QTS buys Westside property next to massive campus, eyes more expansion". American City Business Journals.
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