CHARLOTTE, N.C., May 15, 2019 /PRNewswire/ -- Flexential, a leading provider of hybrid IT and data center solutions, will now provide additional speed, security and services for the fast-growing financial technology (FinTech) industry with the completion of a 70,000-square-foot expansion to the company's Atlanta colocation facility. The expansion is the Atlanta region's largest this year, bringing Flexential's national data center footprint to 3.1 million square feet, and representing its continued commitment to providing secure, high-density power, and cost-effective data center solutions to customers in financial services, technology and data intensive industries.
Atlanta and the surrounding Transaction Alley are the third-largest FinTech hub in the U.S. with more than 70 percent of all credit card transactions now processed through the Atlanta metropolitan area, according to the Atlanta Small Business Network. These data-intensive companies need secure, reliable, and scalable means to gain access and transport the data without loss of connectivity. Recognizing the demand for data management and IT strategy solutions this market creates, the new Flexential expansion increases the company's capacity in Georgia to more than eight megawatts of power and a total of 175,000 sq. ft.
One of Flexential's longest standing financial services customers, Delta Community Credit Union, depends on the Alpharetta location to quickly and securely serve its nearly 400,000 members.
"As Georgia's largest credit union, we gain tremendous confidence and benefits through the geographical placement of Flexential's connected data centers, which deliver the highest level of security and reliable service for our members," Chad Jaenke, Vice President, IT Operations and Technical Support, Delta Community Credit Union said. "Every person we work with at Flexential is knowledgeable, responsive, and genuinely cares about the success of our business."
More than 120 FinTech firms are headquartered or have a significant presence in Georgia with the top ten generating an annual revenue of $72 billion. The industry is a significant driver of economic growth both locally and globally, employing 37,000 people within the state and 130,000 throughout the U.S.