During the dot-com boom of the mid- to late-1990s, web hosting companies oversaturated the market and overbuilt data center capacity. When the bubble burst in the early 2000s, many of those companies went bankrupt and their data centers flooded the market. With the foresight that new market trends would cause demand for data center capacity to rise again, Stream Data Centers took the opportunity to invest in then-vacant facilities, such as the former web hosting data center at 1300 Park Center Drive in Austin, a Tier III facility which Stream acquired in 2003.
Indeed, shortly after the dot-com bubble burst and in the wake of 9/11, enterprises were keen to strengthen their disaster recovery and business continuity capabilities – including by having secondary data centers away from corporate headquarters. That was the motivation for the Fortune 100 retailer that ultimately purchased the Austin I facility from Stream in 2004.