For a little over a decade now, ScaleMatrix and DDC Cabinet Technology have been akin to conjoined twins, built from the same DNA, but each having their own personalities and working to forge their own way in the world around them. Each has made their mark on the data center landscape, with our patented liquid/air hybrid cooling methodology rising to new heights in recent years, as GPU processors and AI workloads drive densities in the data center through the roof. This was a trend that we always knew would happen, we may have been just a little early to the party with the launch of our high-density data centers in 2011. Today, the rapid deployability, energy and cost efficiencies, and high-density capabilities of the various DDC platforms, have enabled us to support many of the world’s most demanding workloads, punching well above our fighting weight, because of the unique capabilities of our team and our technology. This morning, I’m pleased to announce that the surgery to separate the twins was successful. 😊 After an extensive process, and to support the opportunity we see driven by the explosive growth of the data center industry, we’ve chosen to move forward with a majority interest investment led by Cequel III and Thompson Street Capital Partners. Both parties are shareholders in Tierpoint, and have had the opportunity to see the DDC platform in action throughout a variety of installations within TierPoint's network of data centers, a fact that drove Tierpoint to become one of the largest DDC customers to date. For DDC, this majority investment brings new capital into the business which will be used to scale up operations, expand manufacturing capabilities, grow our teams across a variety of disciplines, all while promoting the benefits of the DDC platforms across the global data center market. I will continue on as Co-Founder, Chief Strategy Officer, and Minority Director on the Board of DDC, while a mentor and exceptional business person and human, Keith Markley, takes the helm of DDC as CEO on February 5th. My long time, multi-decade business partner Mark Ortenzi, will transition to Co-Founder and Chief Innovation Officer, in charge of product development. With some analysts forecasting that data center power usage will DOUBLE globally in the next 24-36 months, our timing couldn’t be better. I want to thank all of our team members who helped both ScaleMatrix and DDC Cabinet Technology achieve what we have today. The future is bright, and very exciting. For partners or others interested in working with us as we expand DDC’s reach globally, please don’t hesitate to reach out. Chris Orlando, CEO & Chairman of ScaleMatrix Data Centers, and CEO (at least until Keith starts on the 5th 😊) of DDC Cabinet Technology
We are excited to announce today that Cequel III and Thompson Street Capital Partners have taken a controlling interest in privately held DDC Cabinet Technology. Co-founders Chris Orlando and Mark Ortenzi, who launched the DDC Cabinet business in 2011, will continue as minority investors, with Orlando joining the Board of Directors alongside Cequel III and Thompson Street. For the complete story, visit https://lnkd.in/gCGVFKuG.
So proud of you and the Team at ScaleMatrix and DDC! You positioned yourselves incredibly well, ride this wave of data center expansion 😎
Congrats Chris Orlando this is amazing! You guys were definitely ahead of the game with these products, so happy to see the success from all the hard work!
Congrats, I may have had a small role in making the right introductions. I'm very happy for both you and Mark.
Congrats Chris Orlando & Team. Looking forward to the day DDC cabs line all the datacenter floors. :)
Congrats 🍾! Can’t wait for the global expansion and glad to know you all for years in this business!
Excellent, well-timed, good crew.
#coolstuff
Congratulations Chris Orlando and the DDC team who have worked so hard! My hands are in the air! This is exciting news for the expansion of DDC cabinet technology into more data centers as the demand for high-density data centers continues to grow. I'm honored to have worked with you when DDC launched and to read this exciting announcement is fantastic!! Cheers!!