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Peak 10 Announces Acquisition of bayMountain

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February 12, 2007
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CHARLOTTE, N.C. and RICHMOND, Va. (February 12, 2007) – Peak 10, Inc., the largest independent data center operator and managed services company in the eastern United States, today announced the acquisition of bayMountain, a Richmond, Va.-based data center company that specializes in managed hosting and colocation services.  The acquisition expands Peak 10’s geographic presence and enhances the company’s technical capabilities and service offerings, especially with regard to security, disaster recovery and business continuity.  Peak 10 now owns and operates ten data centers in seven key market locations and boasts one of the industry’s most diverse product and managed services portfolio.

“The purchase of bayMountain aligns nicely with Peak 10’s business strategy of scaling our business through incremental acquisitions and consistent organic growth,” said David Jones, president and chief executive officer of Peak 10.  “ The combination of several factors makes bayMountain an attractive acquisition.  The company’s people and facility are world class and the Richmond market is strong and growing.  Moreover, there are strong business links between Richmond and our other markets and, as well, the location provides Peak 10 with strategic access to Charlottesville, Northern Virginia and the Tidewater region.”

bayMountain is at the forefront of providing state-of-the-art managed hosting and colocation to enterprise level clients and other businesses with mission critical IT operations. The company has expertise in complex server clusters, Microsoft Exchange, Linux, wide area networks for geographically dispersed operations, high speed data backup and virtualization.  bayMountain has a first-class data center and highly experienced systems engineers, which has allowed the company to dramatically improve the uptime, security and performance of its customer’s critical IT infrastructure.  bayMountain’s customers include notable firms such as McGuireWoods, Target Marketing, Getloaded.com and Richmond Cold Storage.

“The acquisition by Peak 10 gives us the breadth and depth we need to remain committed to the Richmond market by providing the resources for data center expansion and the expertise and commitment to stay on the leading-edge of data center services,” said Mark Wensell, Ph.D., vice president, engineering of bayMountain.  “We are joining forces with a company that shares our customer-centric culture and operating philosophy.  As a Peak 10 company, we will continue our proven track record of providing the highest levels of service and technical expertise to our customers.” Wensell will continue on as general manager of Peak 10 Richmond.

Peak 10 enables companies to increase revenue growth, improve service levels, meet regulatory compliance and lower costs by maximizing internal IT resources and ensuring the security and availability of complex technology infrastructure.  The company operates ten data center facilities in seven strategic markets with a growing customer portfolio that includes LendingTree, BayCare Health System, Broyhill Furniture, Churchill Downs, Rivals.com and Pergo.  Inc. magazine recently ranked Peak 10 as one of the fastest growing private companies in America for the second consecutive year.

“The current market for outsourced IT services is strong and is driving demand for high-end data center space and managed services,” said Jeff Spalding, Peak 10 executive vice president, market operations.  “This acquisition of bayMountain and RenTech in Nashville just six months prior, combined with our aggressive approach to enhancing and expanding our other data centers, is facilitating our ability to meet the needs of our clients and solidify our position as a market leader.”

About Peak 10, Inc.

Peak 10 is the leading independent data center operator and managed services provider in the eastern United States, delivering scalable, economical and reliable solutions for hosting and managing complex information technology infrastructure.  The company combines its ten data centers and portfolio of managed services with localized engineering and support to serve market-leading companies including Rivals.com, Global Knowledge, Pergo, Churchill Downs, LendingTree and the Jacksonville Jaguars.  Peak 10 owns and operates world class facilities in Richmond, Va.; Nashville, Tenn.; Louisville, Ky.; Tampa and Jacksonville, Fla; and Raleigh and Charlotte, N.C.  The company was recently ranked as one of the fastest growing private companies in America for the second consecutive year by Inc. magazine.  For more information on data center solutions from Peak 10, visit www.peak10.com.

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About Peak 10

"Our values are the foundation for everything we do at Peak 10, and are ultimately what enable us to earn our customers' business and their trust."
David H. Jones,
Board Member, Peak 10 + ViaWest