Manulife Expenditure Administration Completes Acquisition of Serverfarm

Acquisition will push accelerated world wide expansion of Serverfarm’s knowledge heart portfolio and system innovation

BOSTON and LOS ANGELES, Sept. 7, 2023 /PRNewswire/ – Manulife Investment Management, on behalf of Manulife Infrastructure Fund II* and its affiliates, is happy to announce that it has accomplished the acquisition of a controlling curiosity in Serverfarm, a world-wide innovator in information heart development, procedure, and management.

This transaction, collectively with ongoing economical support from Manulife Financial commitment Management and NantCapital, LLC (“NANT”), will empower Serverfarm to speed up the growth of its info center portfolio and boost the market reach of InCommand, its foremost cloud based DMaaS (Facts Middle Management as a Support) platform.

“We are psyched to be signing up for the future chapter of Serverfarm’s growth,” said Recep Kendircioglu, global head of infrastructure, Manulife Investment decision Management. “Avner and the Serverfarm staff have designed a highly effective platform and solid shopper relationships. With this transaction, Serverfarm is even more perfectly-positioned to serve customers’ rising calls for for facts middle capability.”

“With Manulife Investment Management’s assistance, we will accelerate Serverfarm’s expansion approach in current and new markets,” mentioned Avner Papouchado, Founder and CEO of Serverfarm. “It is also an expenditure in Serverfarm’s continuing determination to purchaser development by partnership by meeting their specific info centre goals throughout CapEx, OpEx, effectiveness and sustainability.”

“Financial commitment in data facilities at Serverfarm and Layer 1 fiber infrastructure is critical in meeting NANT’s initiatives of funding and developing cloud-primarily based infrastructure,” said Patrick Soon-Shiong, Founder and Chairman of NANT. “The strategic partnership with Manulife Financial commitment Management adds to the potential of the knowledge centers at Serverfarm to grow its global part in addressing the growing infrastructure requirements of cloud computing and AI in this digital period.”

Serverfarm’s provision of strategic steerage, technology skills, along with bespoke companies based on industrial property is distinctive in the commercial facts center current market. Serverfarm now operates a portfolio of 8 details facilities across North The usa, Europe and Israel that aggregates far more than 1.5 million gross sq. feet and 125MW of IT potential, and it has secured additional land for foreseeable future details center developments. With about 750 web-sites previously managed by InCommand DMaaS, it is the cloud platform of choice for enterprises, cloud expert services and business knowledge heart suppliers to control their dispersed details center property. As part of the transaction, Avner Papouchado will carry on as CEO and equally NANT and Mr. Papouchado will keep a important ownership interest in Serverfarm.

The acquisition closed on September 1, 2023. For supplemental background on the acquisition, you should read the announcement push release right here.

About Manulife Expense Administration

Manulife Financial commitment Administration is the manufacturer for the world wide wealth and asset management segment of Manulife Money Company. Our mission is to make choices less complicated and lives far better by empowering traders for a far better tomorrow. Serving extra than 17 million folks, establishments, and retirement strategy customers, we consider our global attain, complementary organizations, and the toughness of our parent business placement us to enable buyers capitalize on present day emerging world wide developments. We offer our customers obtain to general public and personal investment remedies throughout equities, fastened cash flow, multi-asset, option, and sustainability-joined methods, this kind of as normal cash, to aid them make a lot more educated money conclusions and accomplish their investment decision objectives. Not all choices are obtainable in all jurisdictions. For more facts, be sure to visit manulifeim.com.

About Serverfarm LLC

Serverfarm is an founded, multi-regional knowledge center provider that offers data heart methods to key hyperscale, world-wide-web-scale, technological innovation, and network prospects. These details middle solutions involve Colocation, Knowledge Middle Structure, and IT Infrastructure Administration by Serverfarm’s InCommand DMaaS know-how. For supplemental info, remember to visit 
https://www.serverfarmllc.com/

About NANT

NANT, LLC applies new ground breaking approaches and new technologies to solving world difficulties. NANT is concentrating on a few pillars: wellbeing & life sciences strength & renewables and connectivity & communications. Started by Dr. Patrick Quickly-Shiong, scientist and inventor of the 1st human albumin nanoparticle most cancers drug, Abraxane, the core mission for NANT is convergence: to develop and supply a various range of technologies that accelerate innovation, broaden the scope of scientific discovery, improve ground-breaking exploration, and strengthen health care procedure for those in have to have.

* Manulife Infrastructure Fund II is shut and no extended open for membership.

Supply Manulife Expense Administration