September 12, 2006 – (HOSTSEARCH.COM) – Managed hosting and security services provider DataPipe (http://www.datapipe.com) has secured a $12m investment, it was announced today. DataPipe’s financial advisor was DH Capital, LLC and the investment will be used to acquire additional data center space.
“DH Capital is pleased to have assisted DataPipe in securing this growth capital. DataPipe has emerged as one of the premier providers of complex managed hosting solutions and their track record of network performance, customer growth and profitability is extremely impressive,” suggested Peter Hopper, President of DH Capital.
“We have purchased a 36,000 square-foot facility in central New Jersey,” added Robb Allen, Founder and CEO of DataPipe. “We are in the process of upgrading the infrastructure to meet the standards required of a TIER 4 facility.” Allen added that DataPipe expects to begin installing clients in the new data center in the first quarter of 2007 and expected to announce further data center acquisitions in the near future.
