DCK Exclusive: TierPoint CEO Jerry Kent Talks Strategy
St. Louis Missouri-based TierPoint is a privately held colocation, hybrid cloud and managed services provider focused on serving enterprise customers in US secondary markets.
TierPoint has continued to execute on an acquisition and organic growth strategy for more than a decade. The company now employs 850-plus associates who deliver services around the clock to over 5,000 customers nationwide.
In the past 12 months, the pace of acquisitions reached a crescendo with the $575 million acquisition of Windstream Hosted Solutions, and the Q1 2016 purchase of Midwest data center provider Cosentry, for an undisclosed sum. In December 2015, TierPoint entered the Chicago market to service an existing client with the acquisition of AlteredScale.
In September, the company announced an investment of $20 million to develop a 16,000 square foot initial phase of a planned 90,000 square foot campus in Allen, Texas, to be built by Compass Data Centers. TierPoint has invested a total of $45 million this year in data center expansion projects, including an announcement last week of a $13 million expansion of its Baltimore and Marlborough (Boston Metro West) data centers.
TierPoint now operates a fleet of 39 data centers, totaling over 650,000 square feet, located in 20 US markets, spread across 18 states. Based on last quarter’s annualized run-rate, TierPoint now generates $370 million of revenue per year according to company management. Click here to read the full article, including an in-depth discussion with CEO Jerry Kent on TierPoint company culture, product enhancements and market opportunities.