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Accelerating impact

At Flexential, we drive innovation, sustainability, and strategic growth within the IT infrastructure industry. Our 2023 Momentum Report showcases our commitment to these values. Here are the key highlights from the report, showcasing our achievements, strategic initiatives, and outlook.

06 / 19 / 2024
3 minute read
Accelerating impact

Unprecedented growth and innovation

2023 was a year of remarkable growth for Flexential. We significantly expanded our data center capacity, establishing new facilities in key markets such as Atlanta, GA, and Hillsboro, OR. Our innovative interconnection solutions complement these expansions, particularly the introduction of Flexential Fabric, which has set new standards for scalable, on-demand network provisioning. This period also saw us secure $2.1 billion in financing, marking our largest-ever inaugural data center ABS issuance. This financial milestone allowed us to add 50 MW of capacity with new high-density data centers optimized for AI workloads. Additionally, we enhanced our national data center footprint and network backbone by expanding our FlexAnywhere Platform.

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Commitment to sustainability

Sustainability remains at the core of our operations. Our next-generation data centers are designed for high efficiency, featuring a Power Usage Effectiveness (PUE) of 1.4 and zero Water Usage Effectiveness (WUE). These advancements align with our Green Finance Program and broader Environmental, Social, and Governance (ESG) goals. Our inaugural ESG report outlined our dedication to responsible growth, highlighting our efforts to create energy-efficient data centers with modular designs and advanced cooling solutions tailored for demanding AI applications.

Cultivating a strong organizational culture

Our internal transformation is just as significant as our external achievements. We have fostered a culture of inclusivity, innovation, and collaboration, launching leadership programs to engage and unite our workforce. Our high annual engagement and diversity survey scores reflect this commitment to diversity, equity, inclusion, and belonging (DEI&B). By valuing everyone’s unique contributions, we ensure that Flexential is not just a workplace but a vibrant community where everyone can thrive and make a meaningful impact.

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Strategic partnerships and customer success

Our partnerships with industry leaders like NVIDIA have enabled us to meet the high-density demands of AI and machine learning workloads. These collaborations underscore our ability to deliver cutting-edge, reliable data center solutions. For example, Applied Digital has leveraged our high-density data centers for GPU-intensive workloads, while AutoNation has benefited from our scalable infrastructure to support its rapid growth. These customer success stories illustrate how our strategic foresight and expertise continue to drive technological excellence and scalability.

Financial performance and future outlook

Financially, 2023 was a record-breaking year for Flexential, providing a solid foundation for sustainable growth. We saw a 15% increase in revenue and a 28% growth in EBITDA, reflecting our strong market position and customer trust. As we move into 2024, our focus remains on leveraging AI and new technologies to enhance our network's performance and scalability. The introduction of Flexential Fabric integrated with the FlexAnywhere Platform signifies our commitment to providing scalable network solutions tailored to enterprise needs.

Looking ahead

As we anticipate the challenges and opportunities of 2024, our strategy is clear: continue to lead the industry with innovative solutions, sustainable practices, and a customer-centric approach. The introduction of Flexential Fabric marks a significant leap forward in providing scalable network solutions tailored to enterprise needs.

These highlights merely scratch the surface of the comprehensive insights available in our 2023 Momentum Report. Download the full report to explore how Flexential is shaping the future of IT infrastructure with resilience, transformation, and growth.

Download the Full Report Now

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