DataPipe scores $75 million in funding for data hosting business
DataPipe has secured $75 million in both credit and equity funding for its business of managing information-technology services for other companies.
Goldman Sachs led the financing. The company will expand its Somerset, N.J. campus, which could hold as much as 60,000 square feet of data center space, said Robb Allen, chief executive of the Jersey City, N.J.-based company.
DataPipe is also pursuing expansion opportunities in London and China. DH Capital served as financial advisor for the deal. The company provides data hosting and other services for mid-size to large companies. It has more than 1,500 customers in six data centers.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.