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Data center developer Switch will be acquired by DigitalBridge and infrastructure investors IFM in an all cash deal valued at about $11 billion, the companies said today. DigitalBridge and IFM will pay $34.25 a share for Switch, about an 11 percent premium to the share price at the close of trading Tuesday.
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Switch will once again become a private company, continuing a trend in which public data center REITs have been bought by large investors and taken private. Over the past year, QTS Data Centers, CyrusOne and CoreSite have al been acquired for more than $10 billion.
Switch has also announced plans to team with FedEx and Dell Technologies to create an edge computing network for enterprise customers, deployed Switch modular data centers on FedEx real estate, with Dell providing hardware and managed services.
The company was among the earliest data center companies to commit to support its data centers with 100 percent renewable energy, partnering on a massive solar energy project and large-scale energy storage technology from Tesla. Switch has also been distinctive for its focus on diversity, with women representing more than half of its leadership team.
One division of DigitalBridge builds and operates data centers, including Vantage Data Centers and DataBank. The other division is an investment management business offering a spectrum of approaches to investing risk, spread across data centers, fiber, wireless, towers and antennas.
Please note: Although our cloud trials include access to Technical Support, we do not provide data backups for trials, only for monthly and annual subscribers. Financially-backed SLAs will not be supported during Cloud Premium trials.
To smoothly make our transition from the current billing infrastructure to the new billing engine, it requires the movement of all of our existing cloud customers' billing data from old system to new. This data move from one system to another is considered a migration, and will happen for different groups of customers over the course of a few months.
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The Lei Geral de Proteção de Dados (LGPD) is a new Brazilian privacy law that went into effect on September 18th, 2020, and regulates the collection, use, processing, storage, and transfer of personal data of Brazil data subjects. For more information, please see our LGPD page.
Yes! Atlassian staff that access and process Atlassian customer personal data are trained on how to handle it and are bound to maintain its confidentiality and security. For more information, see the "How we handle your data" page on our Trust Center.
Our goal is to provide our customers with secure, fast, and reliable services. As a provider of global services, we run our services with common operational practices and features across multiple jurisdictions. Today, we store data in data centers located in the US, Germany, Ireland, Singapore, and Australia. Data is stored in the data center closest to the location of the majority of users accessing it. We may also allow employees and contractors located around the world to access certain data for product promotion and development, and customer and technical support purposes. For more information, see our Cloud Hosting Infrastructure page. More information about data center locations is available here.
Please note if you use a server or data center version of our products, we do not host, store, transmit, receive or collect information about you (including your content), except in limited cases. More information about data center locations is available here.
We need to transfer your personal data to other organizations to help us provide services to you. For example, we use Amazon Web Services data centers to assist us in storing your data. In some instances, these are other companies within the Atlassian family. For example, if you request support and assistance, you may speak to our agents at our headquarters in Australia or to one of our other support centers.
Whenever we share your data, we remain accountable to you for how it is used by any of these organizations. We require all service providers, including other Atlassian companies, to enter into contracts with us to ensure that our customers' personal data receives the same level of protection and safeguards.
Atlassian understands and respects the rules for onward transfers of personal data outside of the EU, UK, and Switzerland. To that end, Atlassian offers customers a pre-signed Data Processing Agreement (DPA) that includes the EU Standard Contractual Clauses as well as UK and Swiss specific terms to meet onward transfer requirements under the GDPR. The Atlassian DPA is available here for all cloud customers to download and electronically sign to meet onward transfer requirements under GDPR.
In order to legally transfer data outside of the EU, the GDPR requires such data be transferred in accordance with an "adequate transfer mechanism." The Privacy Shield Program is a framework that was agreed to by the U.S. Department of Commerce and the European Commission that provided an "adequate transfer mechanism" for participating companies. Companies certifying to the Privacy Shield framework agreed to apply specific privacy and security protections to personal data when it is transferred from the EU to the U.S. We know that the protection of personal data is important to our customers, which is why we decided to participate in Privacy Shield as a way for us to demonstrate our commitment to global privacy standards and requirements. Atlassian is Privacy Shield certified, meaning we promised to follow transfer rules and practices as further described in the Privacy Shield framework (see our Privacy Shield Certification).
On July 16, 2020, the Court of Justice of the European Union (the Court) invalidated the EU-US Privacy Shield as a lawful transfer mechanism for transfers of EU personal data from the EU to the US. The Swiss-US Privacy Shield has since been similarly impacted. Meanwhile, the US Department of Commerce indicates that they expect companies to comply with their ongoing obligations under the Privacy Shield Framework for data transfers. We continue to exercise the same care using the Framework for data transferred under that mechanism.
Yes! We understand that our customers, and in particular, our European customers, will require that, where Atlassian is a processor of EU personal data, we execute additional terms that meet GDPR obligations with respect to the processing of that EU personal data. The Atlassian Data Processing Addendum is available here for all cloud customers to download and electronically sign to meet onward transfer requirements under GDPR.
If you use a server or data center version of our products, we do not host, store, transmit, receive or collect information about you (including your content), except in limited cases, where permitted by your administrator: we collect feedback you provide directly to us through the product; we collect content using analytics techniques that hash, filter or otherwise scrub the information to exclude information that might identify you or your organization; and we collect clickstream data about how you interact with and use features in the applicable product. Server and data center administrators can disable our collection of this information from the applicable products via the administrator settings or prevent this information from being shared with us by blocking transmission at the local network level.
We have implemented organizational and technical safeguards to secure our users' data, in compliance with GDPR requirements. Our users' personal data is pseudonymized when stored, and further encrypted if it is being transferred. For more information on how we secure and store at Atlassian, see our Trust page.
Apps are designed for a wide variety of purposes, and receive different types of data as a result. Check the Integration details section in the app listing to page to review the permissions and data that app gets access to.
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DigitalBridge Group (NYSE: DBRG), through its flagship private equity fund called DigitalBridge Partners II (DBP II), alongside IFM Investors, which is backed by Australian pension funds, today announced that they have agreed to acquire Switch Inc (NYSE: SWCH), a retail colocation provider focused on the enterprise data center segment, for $34.25 per share in cash, implying an equity value of $8.4bn and an enterprise value of $11bn for the business. As a result, Switch Inc is being valued by DigitalBridge and IFM at 31x 2022E EBITDA and 27.5x 2023E EBITDA. 041b061a72