DuPont Fabros Technology

DuPont Fabros Technology was a real estate investment trust that specialized in owning, developing, and operating data center facilities, primarily serving the Northern Virginia and Chicago markets, with key clients including Microsoft, Facebook, and Yahoo!. The company was founded in 2007 by L. William Cogswell and Hossein Fateh, with its initial public offering on NYSE in 2007, and was later acquired by Digital Realty in 2017. DuPont Fabros Technology's data centers were designed to provide colocation services, cloud computing, and managed hosting solutions to its customers, including Amazon Web Services, Google Cloud Platform, and IBM Cloud. The company's facilities were also connected to major internet exchange points, such as Equinix and InterXion, and were powered by Dominion Energy and Exelon.

History

DuPont Fabros Technology was founded in 2007 by L. William Cogswell and Hossein Fateh, with its headquarters in Washington, D.C.. The company's name was derived from the DuPont family, who were prominent industrialists and philanthropists in the United States, and Fabros, a Greek word meaning "bright" or "shining". DuPont Fabros Technology's initial public offering on NYSE in 2007 raised over $640 million, with key investors including Goldman Sachs, Morgan Stanley, and J.P. Morgan. The company's early growth was driven by the increasing demand for data center space from major technology companies, including Apple, Cisco Systems, and Dell. DuPont Fabros Technology's facilities were designed to meet the Uptime Institute's Tier III and Tier IV standards, with key certifications including SSAE 16 and ISO 27001, and were audited by KPMG and PricewaterhouseCoopers.

Data centers

DuPont Fabros Technology's data centers were located in Northern Virginia and Chicago, with a total of over 3 million square feet of data center space. The company's facilities were designed to provide colocation services, cloud computing, and managed hosting solutions to its customers, including Rackspace, Verizon Terremark, and CenturyLink. DuPont Fabros Technology's data centers were connected to major internet exchange points, such as Equinix and InterXion, and were powered by Dominion Energy and Exelon. The company's facilities were also equipped with advanced security systems, including biometric authentication and video surveillance, and were monitored by AT&T and Verizon Communications. DuPont Fabros Technology's data centers were designed to meet the Uptime Institute's Tier III and Tier IV standards, with key certifications including SSAE 16 and ISO 27001, and were audited by KPMG and PricewaterhouseCoopers.

Acquisition by Digital Realty

In 2017, DuPont Fabros Technology was acquired by Digital Realty for $7.6 billion, with the deal closing in September 2017. The acquisition expanded Digital Realty's portfolio of data center facilities, with the combined company owning over 200 data centers worldwide, including facilities in Europe, Asia, and Latin America. The acquisition also increased Digital Realty's presence in the Northern Virginia and Chicago markets, with key clients including Microsoft, Facebook, and Yahoo!. The deal was advised by Goldman Sachs, Morgan Stanley, and J.P. Morgan, with Skadden, Arps, Slate, Meagher & Flom serving as legal counsel to DuPont Fabros Technology, and Latham & Watkins serving as legal counsel to Digital Realty.

Leadership and corporate affairs

DuPont Fabros Technology was led by Christopher P. Eldredge, who served as the company's chief executive officer and president. The company's board of directors included L. William Cogswell, Hossein Fateh, and Jeffrey H. Foster, with KPMG serving as the company's auditor. DuPont Fabros Technology was a member of the National Association of Real Estate Investment Trusts and the Uptime Institute, with key partnerships including Equinix, InterXion, and Dominion Energy. The company's facilities were also certified by the U.S. Green Building Council and the International Organization for Standardization, with key certifications including LEED and ISO 50001, and were audited by PricewaterhouseCoopers and Ernst & Young.

See also

Data centers, colocation, cloud computing, managed hosting, internet exchange points, Uptime Institute, Tier III, Tier IV, SSAE 16, ISO 27001, KPMG, PricewaterhouseCoopers, Digital Realty, Northern Virginia, Chicago, Microsoft, Facebook, Yahoo!, Apple, Cisco Systems, Dell, Rackspace, Verizon Terremark, CenturyLink, AT&T, Verizon Communications, Equinix, InterXion, Dominion Energy, Exelon, Goldman Sachs, Morgan Stanley, J.P. Morgan, Skadden, Arps, Slate, Meagher & Flom, Latham & Watkins, National Association of Real Estate Investment Trusts, U.S. Green Building Council, International Organization for Standardization, LEED, ISO 50001, Ernst & Young Category:Real estate investment trusts Category:Data centers Category:Companies based in Washington, D.C. Category:Companies established in 2007 Category:Companies acquired by Digital Realty