News Summary
Flexential, a leading data center provider, has achieved significant recognition in the Charlotte Business Journal’s 2024 Fast 50 Awards, jumping to 19th place. Along with this achievement, the company has been named one of Charlotte Magazine’s Top Workplaces for 2024. Flexential is expanding its operations with a new data center in Denver, a remarkable revenue growth of 15%, and strategic partnerships to enhance its services. The company’s innovative IT solutions position it well for the future of digital infrastructure.
Exciting Times for Charlotte: Flexential’s Remarkable Growth and Achievements
Charlotte is buzzing with excitement as Flexential, the data center powerhouse, hits impressive milestones and garners accolades in the Queen City. Just recently, the firm was listed in the 2024 Fast 50 Awards by the Charlotte Business Journal, showcasing the top 50 fastest-growing private companies in the area. Flexential didn’t just make the cut; it soared to the 19th spot, a significant leap from last year’s 42nd position. This recognition is based on solid revenue growth over the past three years, proving that Flexential is not just sticking around but thriving!
Honored Again for Being a Great Place to Work
Flexential is no stranger to accolades; the company also secured its second consecutive title as one of Charlotte Magazine’s Top Workplaces for 2024. This honor reflects the positive workplace culture and ongoing innovation inspired by employee feedback. It’s worth noting that earlier this year, Flexential also bagged the State of Colorado Top Workplaces 2024 Award, adding another feather to its ever-growing cap.
Strategic Investments to Fuel Further Growth
The company is not resting on its laurels. Flexential recently broke ground on a modern, state-of-the-art data center in Denver, Colorado, emphasizing its commitment to expansion and meeting rising demand for digital infrastructure. Flexential operates an impressive network of 42 data centers across 19 highly connected markets within the U.S., all supported by a 100Gbps private network. These facilities are crucial in today’s digital age where robust data management and cloud solutions are more important than ever.
Investment Partnerships Driving Transformation
To further enhance its market presence, Flexential has secured investments from Morgan Stanley Infrastructure Partners and GI Partners. These investments are expected to propel the company’s growth as they prepare to respond to the increasing demand for digital solutions. The partnership with Morgan Stanley is set to close in the fourth quarter of 2024, pending any regulatory approvals, allowing Flexential to ramp up its active development across existing markets.
Impressive Revenue Growth
Flexential’s performance last year was equally impressive, with a 15% increase in revenue and a substantial 28% gain in pre-tax operating profit. Although the company hasn’t ventured into new markets over the past three years, it has strategically expanded operations in places like Atlanta, Denver, and Hillsboro, Oregon. This focus on strengthening its existing locations is indicative of a smart growth strategy in a competitive landscape.
Innovative IT Solutions
Flexential’s diverse range of IT solutions includes colocation, cloud services, connectivity, data protection, and professional services. This comprehensive offering positions the company to cater to the evolving needs of digital infrastructure, cloud adoption, and artificial intelligence workload management, as highlighted by CEO Chris Downie. Flexential’s vision going forward is not just growth but also innovation and responsiveness to market demand.
With a robust capacity of over 325 megawatts and various ongoing projects, Flexential is on a fast track, embodying the spirit of growth that defines Charlotte. The city can only expect exciting developments as Flexential continues to break barriers and set standards in the realm of digital infrastructure. As it forges ahead, the community eagerly watches, ready to celebrate each new milestone!
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- PR Newswire: Flexential Fast 50 Award
- PR Newswire: Top Workplaces Award
- Business North Carolina: Flexential Investment
- PR Newswire: Flexential Expansion
- Google Search: Flexential Charlotte
Author: HERE Charlotte
The CHARLOTTE STAFF WRITER represents the experienced team at HERECharlotte.com, your go-to source for actionable local news and information in Charlotte, Mecklenburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Lovin' Life Music Festival, Charlotte Pride festival, and major sporting tournaments at Bank of America Stadium. Our coverage extends to key organizations like the Charlotte Regional Business Alliance and Foundation for the Carolinas, plus leading businesses in finance and entertainment that power the local economy such as Bank of America and NASCAR. As part of the broader HERE network, including HEREAsheville.com, HEREGreensboro.com, HERERaleigh.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
