Mubadala Investment Company, the Abu Dhabi-based global investment firm, has signed an agreement to invest up to USD$500 million in Cologix, the network-neutral interconnection and hyper-scale edge data center company, subject to various regulatory approvals.

The transaction will provide significant investment for Cologix for growth in both the United States of America’s and Canada’s data center markets. Over the years, Cologix has built a leading position for hyper-scale and colocation data center services in its markets. The investment will enable new world-class infrastructure expansion to manage the growing needs of data center customers.

Mubadala’s investment is in partnership with Stonepeak Infrastructure Partners, which will remain the majority shareholder in Cologix. The partnership will see the two investment companies collaborate to support Cologix’s ambitious growth strategy.

Cologix is a recognized industry leader with a strong portfolio of clients that underpin its ability to scale growth exponentially. In addition, with the continued deployment of cloud services, the data center industry is experiencing continued growth that Cologix is well placed to capitalize on.

Cologix provides reliable, secure, scalable hyper-scale edge data center solutions from 28 prime interconnection hubs and 5 hyper-scale facilities across 10 strategic North American markets. The facilities enable the efficient interconnection and operation of 450+ networks, six internet exchanges and 200+ cloud providers including Amazon Web Services, Google Cloud Platform, Oracle Cloud, Windows Azure, and IBM Cloud. Cologix also provides colocation and connectivity services for large, Fortune 500 enterprise customers.

Mubadala’s ICT portfolio includes investments in Hyperoptic, the UK’s largest gigabit broadband provider, Khazna Data Centers, Injazat Data Systems, Du – the UAE’s second-largest telecoms operator, and Yahsat, a satellite communications company.