May 11, 2011 – (HOSTSEARCH.COM) –
Datapipe, a leading provider of enterprise ready, mission-critical IT services, announced today that it has secured $176 million in combined equity and credit financing. In conjunction with receiving a significant equity investment from ABRY Partners, Datapipe secured a new Senior Secured Credit Facility from a syndicate of lenders led by TD Securities as agent, joined by Brown Brothers Harriman, CapitalSource, Caterpillar Financial, CIT Group, GE Capital, ING and Raymond James Financial. DH Capital, LLC served as exclusive financial advisor to Datapipe for this transaction. The facility substantially increases Datapipe's borrowing capacity and its ability to accelerate expansion plans.
Robb Allen, CEO of Datapipe said “We are focused on enabling enterprises to outsource their mission-critical IT with confidence. This funding allows us to continue to grow and expand our services and solutions to meet our customers’ global needs,” He also mentioned that “Datapipe and our clients will benefit from the compelling combination of ABRY Partners’ deep expertise and the stability of TD Securities.”
Brian St. Jean, Principal at ABRY Partners said “We are very excited to be partnering with Datapipe as they embark on their next phase of growth. Datapipe possesses all the high quality characteristics we look for in businesses we invest in and we are delighted to have them as part of the ABRY portfolio.”
Dan DeAlmeida, Director at TD Securities said "TD Securities is pleased to have had the opportunity to work with Datapipe and ABRY Partners in this recapitalization transaction. Management has done a tremendous job developing the business to-date and we see significant growth opportunities with the accelerated deployment of capital into the business plan. We look forward to continuing to support management and their growth initiatives going forward."
About Datapipe
Datapipe offers a single provider solution for managing and securing mission-critical IT services, including cloud computing, infrastructure as a service, platform as a service, colocation and data centers. Datapipe delivers those services from the world’s most influential technical and financial markets including New York metro, Silicon Valley, London, Hong Kong and Shanghai. Datapipe was named Growth Company of the Year in 2009 by the New Jersey Tech Council. In 2010 Datapipe was named to Gartner’s Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting. Datapipe is a member of the EPA Green Power Leadership Club.
