West Chester resident Kevin Mulqueen, a 30-year veteran of the information technology industry, has acquired four data centers in the Philadelphia region. He spent an undisclosed sum for these purchases in order to meld them into a new company, DāSTOR. Kennedy Rose covered the story for the Philadelphia Business Journal.
Mulqueen retired from the local technology scene three years ago, when his former employer, Lightower, was acquired by Crown Castle. He has since emerged from retirement with the acquisition of data centers in King of Prussia, Reading, and Wilmington.
He also plans to buy two more facilities in 2022.
The decision to start a tech company follows data center construction booms and state tax incentives to developers (including in Pennsylvania) to build more.
“I thought it was a nice opportunity and a springboard to grow off of and to build a new company,” said Mulqueen.
DāSTOR now owns data centers valued at $25 million. The company will focus on clients that have the greatest need for cloud, backup, storage, disaster recovery, and other network services. Its services are apt for industries such as life sciences, manufacturing, government, and other enterprises.
The company currently has around 20 employees, with plans to hire more after further acquisitions.
Read more about DāSTOR in the Philadelphia Business Journal.