| Hosting Provider, DataPipe, Secures $75 Million in Equity Financing |
| 07-15-2008 11:12, 4 months ago |
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Jersey City , New Jersey - ( The Hosting News ) - July 15, 2008 - Managed hosting and security services company, DataPipe, has secured $75 million dollars in combined credit and equity financing, led by Goldman Sachs.
Robb Allen, CEO and Founder of DataPipe remarked, ''We're very pleased to be fully funded for future growth. This funding will enable us to expand our data center facilities and enhance our service offerings globally; it's great news for our clients.''
DataPipe will immediately begin an expansion of its Somerset, New Jersey campus, which has the potential for 60,000 square feet of data center space. DataPipe is also pursuing significant expansion opportunities in London and China, according to the Company.
DH Capital, LLC served as exclusive financial advisor to DataPipe for this transaction.
Gene Yoon of Goldman Sachs noted, ''We've been impressed with DataPipe's expertise in the managed hosting market and look forward to pursuing additional growth opportunities in partnership with Robb and the DataPipe management team.''
DataPipe has been in the managed services business since 1998, providing management of servers and applications, with predictable costs, reliable results and guaranteed service levels. DataPipe helps companies realize technology assets, enhancing ROI by enabling IT resources on demand extension. DataPipe's Managed Security Services start with a comprehensive assessment of business security requirements, to protect hosted architectures.
To learn more, please visit: www.datapipe.com . |
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Source : Web Hosting News - Updated Daily
Category : Web Hosting
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