DataPipe Secures $12M Investment
September 13, 2006 — (WEB HOST INDUSTRY REVIEW) — Managed hosting and security services provider DataPipe (datapipe.com) announced on Tuesday it has secured a $12 million private placement investment. DH Capital served as exclusive financial advisor to DataPipe.
“We have purchased a 36,000 square-foot facility in central New Jersey,” says 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 says DataPipe expects to begin installing clients in the new data center in the first quarter of 2007 and will likely announce further data center acquisitions in the near future.
DataPipe delivers a suite of managed services based on predictable costs, reliable results and guaranteed service levels. The company says it helps customers realize the true value of their technology assets, enhancing ROI by enabling them to extend their IT resources on demand worldwide.
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