Dec 10, 2008 : i/o Data Centers Gains $56M Equity
📅 - Private equity firm Sterling Partners (sterlingpartners.com) announced on Wednesday it has led a $56 million growth equity investment in data center operator and colocation provider i/o Data Centers (iodatacenters.com -> hostinger.com).
In October, i/o Data Centers signed a multi-year agreement to design, build and operate a financial grade data center for Colorado-based FirstBank.With the ongoing recession, many IT companies have turned to private investment firms for additional resources. Last month, CapitalSouth Partners invested $2 million in hosting solutions and services provider Hosting.com to fund its continually expanding enterprise colocation business.i/o Data Centers designs, builds, and operates data centers providing conditioned, uninterruptible power available in data centers and colocation facilities to IT departments of businesses and governments. The company says it plans to expand its footprint throughout North America to meet the increasing demands of its customers. In the press release, Sterling Partners principal Shoshana Vernick echos this sentiment, emphasizing that i/o Data Center is "well positioned to lead this next wave of data center expansion.""Our customers' demand for 24/7/365 power is growing exponentially," says Anthony Wanger, co-founder and president of i/o Data Centers. "The investment by Sterling provides i/o Data Centers with the capital to significantly expand our data center operations and meet this demand, even under the current difficult conditions in the credit and equity markets. We are profitable, growing, and well-capitalized, which means that we will continue to be the leading provider of scalable IT infrastructure to our customers."Sterling Partners is a private equity firm that has a consistent track record of generating significant returns for its investors. The firm has nearly $4 billion of capital under management, investing in industries with positive, long-term trends.
In October, i/o Data Centers signed a multi-year agreement to design, build and operate a financial grade data center for Colorado-based FirstBank.With the ongoing recession, many IT companies have turned to private investment firms for additional resources. Last month, CapitalSouth Partners invested $2 million in hosting solutions and services provider Hosting.com to fund its continually expanding enterprise colocation business.i/o Data Centers designs, builds, and operates data centers providing conditioned, uninterruptible power available in data centers and colocation facilities to IT departments of businesses and governments. The company says it plans to expand its footprint throughout North America to meet the increasing demands of its customers. In the press release, Sterling Partners principal Shoshana Vernick echos this sentiment, emphasizing that i/o Data Center is "well positioned to lead this next wave of data center expansion.""Our customers' demand for 24/7/365 power is growing exponentially," says Anthony Wanger, co-founder and president of i/o Data Centers. "The investment by Sterling provides i/o Data Centers with the capital to significantly expand our data center operations and meet this demand, even under the current difficult conditions in the credit and equity markets. We are profitable, growing, and well-capitalized, which means that we will continue to be the leading provider of scalable IT infrastructure to our customers."Sterling Partners is a private equity firm that has a consistent track record of generating significant returns for its investors. The firm has nearly $4 billion of capital under management, investing in industries with positive, long-term trends.
URL source: http://www.thewhir.com/marketwatch/121008_io_Data_Centers_Gains_56M_Equity.cfm
Company: i/o Data Centers [iodatacenters.com -> hostinger.com]
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