Jersey City's Datapipe Gets $176 M

Yesterday, Jersey City-based Datapipe announce it had secured $176 million in equity and credit financing. Besides receiving “a significant equity investment from ABRY Partners, the company secured a Senior Secured Credit Facility from a syndicate of lenders led by TD Securities.DH Capital served as Datapipe’s financial advisor for the transaction which “substantially increases Datapipe’s borrowing capacity and its ability to excellerate expansion plans.” For more information on the funding see the company’s press release here.

In an article on Data Center knowledge, Rich Miller reports that ABRY Partners “has been an active investor in the colocation and managed hosting industry,”

and bought and sold CyrusONe and Hosted Solutions. The company also holds a controlling stake in Toronto-area Q9 Networks.

Datapipe says it provides services for more than 1100 clients in six data centers and eight business offices strategically located in the United States, the United Kingdom, and China. The company recently announced it sponsored a Business Insider Startup event called Startup 2011, which was held May 10 in NYC at New World Stages.

Sharing is caring!

2121 More posts in News category
Recommended for you
James Barrood at the Innovate 100 Celebration
Rubbing Elbows with the Innovate 100 — A Personal Account

An exuberant group of New Jersey innovators descended on the New Brunswick Performing Arts Center...