Press Releases: 2006
Datapipe Announces $12M Investment
Hoboken, NJ — September 12, 2006 — Datapipe, a global provider of managed hosting and security services, announced today that it has secured a $12 million private placement investment. DH Capital, LLC served as exclusive financial advisor to Datapipe.
“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,” said Peter Hopper, President of DH Capital.
The funds will be used to facilitate Datapipe’s growth by securing additional data center space worldwide. “We have purchased a 36,000 sq ft facility in central New Jersey,” said 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.
About DH Capital, LLC
DH Capital is an investment banking partnership serving the media, Internet and telecommunications industries. Headquartered in New York, the firm has extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions including private placements, mergers & acquisitions, financial restructuring, and operational consulting. The principals of DH Capital have led hundreds of transactions including mergers & acquisitions totaling in excess of $10 billion, private equity placements totaling more than $1 billion, and debt placements totaling in excess of $10 billion.
For more information about DH Capital visit http://www.dhcapitalllc.com