QTS Acquires New Jersey Data Center From McGraw Hill Financial For About $75 Mln

(RTTNews) - QTS Reality Trust (QTS) said it has completed the acquisition of a data center facility in East Windsor, New Jersey, from McGraw Hill Financial, Inc., for about $75 million, and has formed a new strategic partnership with Atos.

The company said this acquisition highlights one of QTS' growth strategies of acquiring enterprise-owned data centers that are underutilized by their current owners. This further supports QTS' strategy, which focuses on infrastructure rich, large-scale data center facilities at a low cost in strategic markets.

In connection with the purchase of the McGraw Hill Financial data center, QTS said it has also signed a 10-year lease, plus a 15-year extension option, with Atos, a leading international information technology services company headquartered in Bezos, France.

Going by terms of this arrangement, QTS will provide Atos with its custom data center C1 offering as well as its new QTS Critical Facilities Management service or CFM, which leverages QTS' expertise in data center management and services to run data center facilities for enterprise customers. Atos will package QTS' C1 and CFM services with their own comprehensive IT outsourcing service offering for McGraw Hill Financial, who will continue to locate their data center needs in the New Jersey facility.

QTS noted that this Atos arrangement represents the launching of a new strategic relationship, in which Atos has chosen QTS to act as their North American data center partner. Under this relationship, QTS will provide enterprise data center ownership and outsourcing opportunities, along with critical facilities management capabilities to Atos.