DuPont Fabros Technology
| Industry | CFO[1] |
|---|---|
| Products | Data centers |
| Revenue |  $0.528 billion (2016)[1] |
| $0.181 billion (2016)[1] | |
| Total assets | $3.034 billion (2016)[1] |
| Total equity | $0.962 billion (2016)[1] |
Number of employees | 122[1] |
DuPont Fabros Technology, Inc. (DFT) was a
Operations
As of December 31, 2016, the company owned 11 operating data center facilities comprising over 3.3 million net rentable square feet.[1] Eight of the properties were in Northern Virginia, two were in Elk Grove Village, Illinois, and one was in Santa Clara, California.[1]
The company leased space to companies, on a
The company had 32 customers and derived 92% of its revenue from its 15 largest customers.
History
The company was co-founded by Lammot J. du Pont, an analyst for JPMorgan Chase and Hossein Fateh, a real estate developer in the Washington metropolitan area.[3] The company sought to acquire data centers that belonged to defunct internet service providers.[3]
In 2004, the company's predecessor acquired 5 data centers from Savvis for $52 million in a leaseback transaction.[4]
In 2005, the company's predecessor acquired a 230,000 square foot data center from AOL for $58.5 million.[5]
On March 2, 2007, the company was incorporated as a real estate investment trust.[1]
In October 2007, the company became a public company via an initial public offering that raised $640 million, the 7th largest initial public offering of a real estate investment trust at that time.[6]
In early 2008, the company halted construction projects due to a lack of financing.[7]
In 2009, the company was named as the fastest growing company in the Washington metro area by American City Business Journals.[8]
In February 2011, Mohammed Mark Amin resigned from the board of directors and was replaced by John T. Roberts Jr.[9]
In 2012, Hossein Fateh, the chief executive officer of the company, forgone his $450,000 salary in exchange for use of the company jet.[10]
In 2012, the company reported that the volume of leasing was the largest in company history.[11]
In May 2012, Mohammed Mark Amin, formerly a director of the company, was accused by the U.S. Securities and Exchange Commission of making a $618,000 profit as a result of insider trading in the company's securities.[12][13][14]
In September 2014, the company opened a new data center in Ashburn, Virginia.[15]
In February 2015, Christopher P. Eldredge was named chief executive officer of the company.[16]
In March 2015, the company won the Brill Award For Data Center Design issued by
In March 2016, the company acquired a 46.7 acre parcel of land in Hillsboro, Oregon for $11.2 million.[18][19]
In June 2016, the company sold a 38-acre data center in New Jersey to Quality Technology Services for $125 million.[20][21]
In October 2016, the company acquired the former printing plant of the Toronto Star for C$54.25 million, with plans to convert it to a data center.[22][23]
In May 2017, the company acquired a 56.5-acre undeveloped site in Mesa, Arizona with plans to construct a data center campus.[24]
In September 2017, the company was acquired by Digital Realty.[25][26]
References
- ^ a b c d e f g h i j k l Astoria Financial Corporation 2016 Form 10-K Annual Report
- Barron's.
- ^ a b Adde, Nick (February 22, 2010). "The founders of DuPont Fabros double down". American City Business Journals.
- ^ "Savvis Closes Purchase of Cable & Wireless America Assets" (Press release). Business Wire. March 8, 2004.
- ^ Moreno, Jenalia (July 28, 2005). "Tenants to Revive Vacant Data Centers". The Washington Post.
- ^ Zuill, Lilla (October 18, 2007). "REIT DuPont Fabros Technology IPO raises $640.5 mln". Reuters.
- ^ Sederstrom, Jotham (February 9, 2010). "North Jersey Finds Popularity as Home for Data Centers". The New York Times.
- ^ Lawton, Joanne S. "50 Fastest Growing Companies: A win for the books". American City Business Journals.
- ^ "John T. Roberts Jr. Joins DuPont Fabros Technology, Inc.'s Board of Directors; Mark Amin Resigns as Director" (Press release). PR Newswire. February 17, 2011.
- ^ Switzky, Bryant Ruiz (February 6, 2013). "DuPont Fabros Technology's Hossein Fateh trades salary for a private jet". American City Business Journals.
- ^ Steele, Kim (May 2, 2012). "Volume of leasing in 2012 largest in Dupont Fabros' history". American City Business Journals.
- ^ Ahmed, Azam (May 8, 2012). "Insider Trading Crackdown Ensnares Hollywood Producer". The New York Times.
- ^ "SEC Charges Movie Producer and Ring of Relatives and Business Partners with Insider Trading" (Press release). U.S. Securities and Exchange Commission. May 8, 2012.
- ^ Stendahl, Max (May 8, 2012). "Film Producer, Pals Reach $2M Deal In Insider Trading Case". Law360.
- ^ "DuPont Fabros Technology Inc. Hosts Ribbon-Cutting Ceremony For Newest Data Center Located On Ashburn Corporate Campus" (Press release). PR Newswire. September 25, 2014.
- ^ "DuPont Fabros Technology Inc. Names Christopher P. Eldredge President And Chief Executive Officer" (Press release). PR Newswire. February 4, 2015.
- ^ "DuPont Fabros Technology, Inc. Wins Brill Award For Data Center Design" (Press release). PR Newswire. March 2, 2015.
- Globe Newswire. March 17, 2016.
- ^ Hammill, Luke; Rogoway, Mike (August 9, 2016). "Data center company buys Hillsboro acreage for new server farm". The Oregonian.
- ^ "QTS Acquires DuPont Fabros' 38-Acre New Jersey Data Center Campus" (Press release). PR Newswire. June 6, 2016.
- ^ "QTS says acquires Dupont Fabros' New Jersey data center campus". Reuters. June 6, 2016.
- Globe Newswire. October 27, 2016.
- ^ Johnston, Ian (May 31, 2017). "Data Centre To Replace Former Toronto Star Printing Facility". Bisnow Media.
- ^ Sunnucks, Mike (May 10, 2017). "Data center developer buys Mesa land for potential 1 million SF campus". American City Business Journals.
- ^ "Digital Realty Completes Merger With DuPont Fabros" (Press release). PR Newswire. September 14, 2017.
- ^ Neibauer, Michael (September 15, 2017). "Digital Realty acquires DuPont Fabros in $7.8B deal". American City Business Journals.