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DataBank's Stellar Rise: A Look at Fast Growth Recognition

DataBank, a key player in the enterprise-class edge colocation, interconnection, and managed services fields, has recently made headlines by ranking on the 2024 Deloitte Technology Fast 500™ list. This prestigious recognition spotlights the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies across North America.

With an astounding 205.86% revenue growth over the past three years, DataBank's performance is a testament to its strong market presence and innovative offerings. This growth marks the second consecutive year that DataBank has earned this accolade, making it a noteworthy competitor in an industry characterized by rapid expansion and an increasing demand for data center capabilities.

Outstanding Achievements

DataBank's success story doesn't end with its Deloitte ranking. Over the past year, the company has achieved several significant milestones:

• - Raised over $2 billion: This funding is earmarked for expansion projects, which will allow the company to broaden its capabilities in response to the soaring demand for data center space.
• - Nvidia DGX-Ready data center certification: This certification positions DataBank as a reliable partner for enterprises focused on artificial intelligence workloads.
• - Innovative Universal Data Hall Design: The company was honored with the title of Data Center Solution of the Year due to its pioneering design that caters to modern, flexible data center needs.
• - Inclusion in the Inc. 500 list: This recognition reflects DataBank's place among the fastest-growing private companies in the United States.
• - EPA's Top 100 green power users: Highlighting its commitment to sustainability, DataBank ranked among the leaders in utilizing green energy sources.

The Future of DataBank

Raul K. Martynek, CEO of DataBank, expressed pride in the company's placement on the Deloitte list, attributing the recognition to the team's consistent effort and dedication. He stated, "We may not have control over the record-high demand our industry is experiencing, but we do control our foresight, hard work, and what we bring to the table every day."

Steve Fineberg, vice chair and U.S. technology sector leader at Deloitte, commented on the increasing representation of private companies on the list, emphasizing their remarkable performance and innovative capabilities. According to Christie Simons from Deloitte, this year has celebrated 30 years of recognizing companies committed to advancing the technology landscape.

The 2024 Technology Fast 500 saw participating companies experiencing revenue growth ranging from 201% to an impressive 153,625%. The average growth rate amongst the winners was a striking 1,981%, while the median stood at 460%.

Eligibility for Recognition

To qualify for inclusion in the Deloitte Technology Fast 500, companies must:

• - Hold proprietary intellectual property or technology that significantly contributes to their operating revenues.
• - Have base-year operating revenues of a minimum of $50,000 and current-year revenues of at least $5 million.
• - Operate for at least four years and be headquartered in North America.

About DataBank

DataBank is dedicated to helping large enterprises, technology leaders, and content providers manage their data and applications efficiently. With a footprint of over 65 high-performance computing-ready data centers spread across 25+ markets, DataBank offers tailored solutions, including contract portability and managed security, to ensure that clients experience 100% uptime availability.

Their commitment to innovation and robust service offerings empowers users to embrace a boundless digital future. For more information or to schedule a facility tour, interested parties can visit DataBank's website or reach out directly via phone.

As the digital landscape continues to evolve, DataBank stands out as a formidable leader, ready to meet the demands of the AI era and beyond.