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Technology Stocks : Investing in Exponential Growth
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From: Paul H. Christiansen2/21/2018 9:40:33 AM
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EdgeCore’s Tom Ray Eyes the Void Left by DuPont Fabros



EdgeCore CEO Tom Ray wants to fill the vacuum left after super-wholesale data center operator DuPont Fabros Technology merged with Digital Realty last year.

The new wholesale data center developer is well on its way to operating in several key US markets as early as Q4 2018. I suspect that Mr. Market never saw this one coming – CoreSite founder and former CEO Tom Ray reincarnating as leader of a new wholesale data center developer on a mission to open six large-scale campuses by 2019.

Denver-based EdgeCore Internet Real Estate was unveiled this week, announcing initial plans to invest $2 billion in the North American data center market, backed by the Singapore government’s global investment arm GIC and Canada's OPTrust pension fund. These same players have both the inclination and the means to double the initial investment if market demand is there.

He wasn’t very good at retirement, Ray said in an interview with Data Center Knowledge, saying that his goal now was "to quickly fill the spot DuPont Fabros has vacated in the wholesale data center space."

A seasoned data center executive, he is best known for spearheading Carlyle Group's CoreSite Realty data center initiative in 2001, leading the CoreSite IPO in 2010, and then delivering outstanding shareholder returns until retiring from his CEO post in 2016.

Read More – Data Center KnowledgeEdgeCore’s Tom Ray Eyes the Void Left by DuPont Fabros
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