DuPont Fabros Technology

DuPont Fabros Technology
Public
Traded as NYSE:DFT
Founded 1997
Headquarters Washington, D.C., United States
Key people
  • Lammot J. du Pont, (Co-founder, Director & Chairman of the Board of Directors)
  • Christopher P. Eldredge (President, CEO, Director)
  • Jeffrey H. Foster, (Executive Vice President & CFO)
  • Scott A. Davis (Executive Vice President & CTO)
  • Rick Montfort (Executive Vice President, General Counsel and Secretary)
  • Maria Kenny, (Executive Vice President & CDO)
  • Bob O’Keefe (Senior Vice President & CMO)
  • Brian Doricko (Senior Vice President & CRO)
  • James W. Armstrong (CAO)
  • Kathy Murphy (Senior Vice President of Human Resources)
Products
Revenue Increase US$ 452 million (2015)[1]
Website www.dft.com

DuPont Fabros Technology Inc., abbreviated as DFT, is an American public company owning, developing, operating and managing multi-tenant wholesale data centers. DFT’s customers include domestic and international companies across multiple industries such as technology, banking and financial services, insurance and healthcare, cloud, content, media and social. DFT operates 11 data centers in three markets in the United States, which total approximately 3.1 million gross square feet and almost 270 megawatts of available critical load.

DFT is a Real Estate Investment Trust (REIT) and its common stock trades on the New York Stock Exchange under the ticker symbol "DFT".[2] The company’s corporate headquarters is located in Washington, D.C., with the company also maintaining regional offices in various locations across the United States.

History

The company was co-founded in 1997 by Lammot J. du Pont and Hossein Fateh as they entered the real estate market in 1997 as DuPont Fabros Development pursuing a broad array of commercial development opportunities.[3] Three years later, the co-founders focused their efforts toward building and managing data centers.[4] Their approach categorized data centers as real estate in which customers could sign long-term triple net leases as opposed to short-term license agreements.[5]

In 2007, the company was launched as DuPont Fabros Technology and went public as a real estate investment trust (REIT).[6] At its IPO, DFT ranked as the largest U.S. IPO by a REIT year to date and ranked as the seventh largest REIT IPO ever.[7]

DFT won its first award in 2012, after being named Recycled Water Customer of the Year by WateReuse.[8] It continued in the same manner in 2014 when it was named the Fastest Growing Company by the Washington Business Journal.[9] In 2015, DFT won the Brill Award for Efficient IT for Data Center Design among North American participants.[10]

In February 2015 the company named Christopher Eldredge as its CEO.[11]

As of March 2016, the company had a market cap of approximately $2.41 billion and the company's public annual financial reports indicated revenue growth from $174 million in 2008 to more than $452 million in 2015.[1][12]

Products and services

DuPont Fabros Technology operates as a real estate investment trust, which owns, acquires, develops and operates data centers for large wholesale customers.[13] DFT’s data center wholesale customers are various well-known enterprises, including Facebook, Microsoft, Rackspace, Dropbox, Symantec, ServerCentral, and UBS.[5][14] In 2015, DFT had 12 data centers located in Northern Virginia, New Jersey, Chicago, and Silicon Valley, covering an area of 3 million square feet and having a 270 MW power capacity.[5] Four of its data centers are certified according to ISO/IEC 27001:2013, thus ensuring that DFT is providing power, cooling and security within its data centers while securing the privacy of clients’ data.[15] In June 2016, DFT sold its NJ1 facility and had 11 data centers located in Northern Virginia, Chicago, and Silicon Valley, covering an area of 3.1 million square feet and having 267 MW power capacity.[16] DFT offers various Connectivity services to its customers including Dark Fiber services at its campus environments in Ashburn and Chicago. Dark Fiber services are offered as Intra- Data Center Connectivity and Inter- Data Center Connectivity.

DFT operates carrier-neutral data centers in the United States. Computer Business Review reported that DFT's Ashburn, Virginia data center campus was the third largest in the world, covering a total area of 1,600,000 square feet.[17]

See also

References

  1. 1 2 "DFT Income Statement". Yahoo! Finance. Retrieved March 10, 2016.
  2. ↑ "Dupont Fabros Technology, Inc. Common Stock Quote & Summary Data". Nasdaq. Retrieved March 9, 2015.
  3. ↑ Gordon, Mark (2008). The Complete Guide to Investing in REITs. Ocala, Florida: Atlantic Publishing. pp. 159–161. ISBN 978-1-60138-256-6.
  4. ↑ Adde, Nick (October 22, 2010). "The founders of DuPont Fabros double down". Washington Business Journal. Retrieved March 9, 2016.
  5. 1 2 3 Sverdlik, Yevgeniy (December 8, 2015). "DuPont Fabros Planning Massive Toronto Data Center". Datacenterknowledge.com. Retrieved March 9, 2016.
  6. ↑ "Nasdaq Company IPO Overview".
  7. ↑ "UPDATE 1-REIT DuPont Fabros Technology IPO raises $640.5 mln". Reuters. October 18, 2007. Retrieved March 10, 2016.
  8. ↑ Sverdlik, Yevgeniy (May 22, 2012). "DuPont Fabros awarded for using recycled water in data center". DatacenterDynamics. Retrieved March 10, 2016.
  9. ↑ "Washington Business Journal - 50 Fastest Growing Companies: A win for the books". Washington Business Journal.
  10. ↑ "Uptime Institute Honors Industry-Leading Companies with 2015 Brill Awards for Efficient IT". Uptime Institute. February 25, 2015. Retrieved March 10, 2016.
  11. ↑ Verge, Jason (February 5, 2015). "DuPont Fabros Names NTT Exec Eldredge CEO". Retrieved March 10, 2016.
  12. ↑ "Dupont Fabros Technology Inc.". Yahoo! Finance. Retrieved March 10, 2016.
  13. ↑ "DuPont Fabros Technology Inc (DFT) Hits New 52-week High During March 09 Session". equities.com. March 10, 2016. Retrieved March 10, 2016.
  14. ↑ Thompson, Dan; Beaubien Williams, Stefanie (May 21, 2015). "MTDC customer wins for DuPont Fabros Technology, IO, Vantage, ViaWest". 451 Research. Retrieved March 10, 2015.
  15. ↑ "Active Watch List: DuPont Fabros Technology (NYSE:DFT), Qiagen NV (NASDAQ:QGEN), FactSet Research Systems (NYSE:FDS), Southwestern Energy Company (NYSE:SWN), Range Resources (NYSE:RRC)". Benchmarkmonitor.com. Retrieved March 10, 2016.
  16. ↑ "QTS Buys DuPont Fabros Tech's New Jersey Data Center | Data Center Knowledge". Data Center Knowledge. 2016-06-06. Retrieved 2016-06-10.
  17. ↑ Lima, Joao (April 2, 2015). "Top 10 biggest data centres from around the world". Computer Business Review.

External links

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