H5 Data Centers Announces Acquisition of Intuit Inc. Data Center

H5 Data Centers, a national colocation and wholesale data center provider, today announced it has acquired from Intuit Inc. a 240,000 square-foot, purpose-built data center in Quincy, Washington. The acquisition expands H5 Data Centers’ national portfolio to 12 data centers and compliments its 300,000 square-foot data center in downtown Seattle. Quincy, Washington is one of the country’s largest wholesale data center markets because of its access to low-cost, renewable energy, Washington-state sales tax incentives, and reduced exposure to natural disaster risks.

Intuit Inc.’s former purpose-built data center is move-in ready and will feature a 24x7 team of facility engineers, remote hands personnel and security professionals. The on-site data center team boasts an average existing tenure of more than seven years per person. Available immediately, H5 Data Centers can offer high-density deployments in an environment that has a track record of 100% uptime since initial commissioning.

"H5 Data Centers is experiencing strong demand for wholesale data center services across the United States and the Quincy data center represents an incredible growth opportunity for us," said Josh Simms, founder and CEO of H5 Data Centers. "We welcome a world-class team of data center professionals to our company as we look to immediately expand the critical capacity of the data center to serve the mission-critical needs of leading global enterprises.”

Quincy Data Center Highlights:

• 63-acre data center campus with an existing 240,000 square-foot building
• Over 40 mWs of turn-key colocation space at full build-out
• Approx. $0.03/kWh average annual cost of power
• Access to 100% renewable hydro power
• 100% Washington state sales and use tax abatement on data center equipment
• High-density deployments of up to 500 Watts per square foot

"Central Washington has the right combination of power pricing, sales tax incentives, low latency to major peering centers and renewable energy mix to appeal to a very large spectrum of global data center users," continued Simms. "Local community leaders, public utility providers, and state legislators have helped develop the area into one of the most desirable locations in the world for large data center users.”

About H5 Data Centers

H5 Data Centers is one of the leading privately-owned data center operators in the United States with over 2 million square feet of data center space under management. The company designs and engineers flexible and scalable data center solutions to address the core infrastructure and edge requirements of its customers. H5 Data Centers operates data centers in Albuquerque, Ashburn, Atlanta, Charlotte, Cincinnati, Cleveland, Denver, Phoenix, Quincy, San Jose, San Luis Obispo, and Seattle. For more information, visit www.h5datacenters.com.

About Intuit Inc.

Intuit’s mission is to Power Prosperity Around the World. Its global products and platforms, including TurboTax, QuickBooks, Mint and Turbo, are designed to empower consumers, self-employed, and small businesses to improve their financial lives, finding them more money with the least amount of work, while giving them complete confidence in their actions and decisions. Intuit’s innovative ecosystem of financial management solutions serves partners and 46 million customers worldwide, unleashing the power of many for the prosperity of one. For the latest news and in-depth information about Intuit and its brands, visit Intuit.com and follow on Facebook.

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