Datapipe Secures $176M in Equity and Debt Financing
Summary
Datapipe, a Jersey City, NJ-based provider of enterprise ready, mission-critical IT services, has secured $176m in equity and debt financing.In conjunction with securing a 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, the company received a “significant” equity investment from ABRY Partners.As also stated by Robb Allen, CEO of Datapipe, this financing allows the company to continue to grow and expand its services and solutions for managing and securing mission-critical IT services, including cloud computing, infrastructure as a service, platform as a service, colocation and data centers.The company delivers its services from New York, San Jose, CA, London, Hong Kong and Shanghai.FinSMEs 10/05/2011