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May 04, 2015 12:11 PM ET

Internet Software and Services

Company Overview of The Telx Group, Inc.

Company Overview

The Telx Group, Inc. provides interconnectivity, data center, and cloud enablement services for telecommunications carriers, ISPs, cloud providers, content providers, and enterprises in North America. The company offers interconnection services, including cross connect, metro connect, national connect, and dedicated Internet access services; colocation services; and cloud and connectivity services, including infrastructure as a service, AWS direct connections, Ethernet connect services, and Internet exchange services. It also provides data center services, which comprise processes for business continuity, disaster recovery, on-site security, customer support, carrier connect, technical suppo...

1 State Street

21st Floor

New York, NY 10004

United States

Founded in 2000

217 Employees

Phone:

212-480-3300

Fax:

212-480-8384

Key Executives for The Telx Group, Inc.

Chief Executive Officer
Age: 44
Chief Financial Officer and Executive Vice President
Age: 50
Senior Vice President of Operations and Service Delivery
Executive Vice President of Engineering & Construction
Age: 40
Senior Vice President, General Counsel and Secretary
Age: 50
Compensation as of Fiscal Year 2014.

The Telx Group, Inc. Key Developments

NewCloud Selects Telx's NYC1 Facility

Telx announced that it has partnered with NewCloud Networks to join the Telx Cloud Xchange ecosystem in Telx's NYC1 facility. NewCloud selected Telx's NYC1 facility to further optimize its ultra-low-latency national cloud network. NewCloud cited the attractiveness of NYC1, part of Telx's three densely interconnected NYC data centers with 600+ on-site carriers and Internet services as the primary reason for deployment. The new cloud hub deployed at Telx's NYC1 data center will be NewCloud's first on the East Coast, serving as a critical element in the company's national operations and a cornerstone for cloud solutions delivery to Northeast customers.

Telx Group Reportedly On The Blocks

ABRY Partners, LLC and Berkshire Partners LLC are exploring a sale of The Telx Group, Inc. that could value it at around $2 billion including debt, Reuters reported citing people familiar with the matter. Various investment banks have been interviewed in recent weeks to be appointed as financial advisors for the sale. The Telx Group, Inc. and ABRY Partners LLC's representatives did not immediately respond to requests for comment. Berkshire Partners LLC declined to comment.

Brown and Caldwell Leverages Telx Cloud Xchange Ecosphere

Telx announced that Brown and Caldwell has expanded its cloud platform after deploying virtual servers in Telx data centers. Leveraging the ecosystem in Telx's Cloud Xchange, Brown and Caldwell is colocating and connecting within Telx'sPhoenix (PHX1) data center to bolster its mobile and cloud strategies. Typical Brown and Caldwell design projects require enterprise-level collaboration across multiple offices of the firm. With the Telx data center expansion, Brown and Caldwell employees have better access to their design applications for increased capacity, higher security, and reduced latency.

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