Chilean IT company Sonda is exploring the possible sale of its data centers.

In an update to the Santiago Stock Exchange first reported by BNAmericas, the company has tapped Santander Corporate and Investment Banking to help it evaluate strategic alternatives for its data center business.

The company said the alternatives could include a strategic association, joint business management or joint venture, as well as partial or total sale of its data center assets in Chile, Colombia, and Brazil.

“It is important to mention that we are not leaving the data center business; to the contrary, we are looking for alternatives that help us strengthen it. Our goal is to add a new partner in facilities so that, together, we can boost the growth of the infrastructure business and allow Sonda grow in the rest of the data center services,” CEO José Orlandini told BNamericas via email.

“Colocation assets require capital allocation that goes beyond our core strategy, which is focused on high-value-added services and solutions. In addition, there are companies that are only in the colocation business, while Sonda seeks to be in all layers of services, and in this sense, we have seen interest in the market in this type of association, with attractive multiples, with which it makes even more sense to explore alternatives that can generate value,” he added.

Founded in 1974 in association with Chilean energy and forestry company Copec, Sonda provides IT consultancy and services. In Chile, Sonda has facilties in Teatinos, Quilicura, and Kudos. The company’s first data center was opened in 1975.

The Tier IV-certified Kudos facility is the newest launching in 2020. At full build-out the facility will offer 4,000 sqm (43,050 sq ft) across four phases and 12MW of capacity. The Quilicura data center opened in 2013 and reportedly offers 3.3MW in a 6,500 sqm (70,000 sq ft) building.

The company has previously signed a power purchase agreement with Colbún to power its data centers in the Santiago area.

In 2016 the company acquired the majority of Brazilian data center firm Ativas for $35 million. The company operates a ​​6,000 sqm (64,600 sq ft) data center in Belo Horizonte in the state of Minas Gerais which opened in 2011 and offers 2.5MW of capacity.

The company’s two Colombian data centers in Bogota opened in 2018 and 2019.

Versions of this story appeared on our Spanish and Portuguese editions.