DataPipe Secures $75 Million in Funding

JERSEY CITY, N.J. - DataPipe, a global provider of managed IT services, announced today that it has secured $75 million dollars in combined credit and equity financing led by Goldman Sachs.

"We're very pleased to be fully funded for future growth," DataPipe Founder and CEO Robb Allen said. "This funding will enable us to expand our data center facilities and enhance our service offerings globally; it's great news for our clients," he added.

According to Allen, DataPipe will immediately begin an expansion of its Somerset, New Jersey campus, which has the potential for 60,000 square feet of data center space. DataPipe is also pursuing significant expansion opportunities in London and China.

Gene Yoon of Goldman Sachs added, "We've been impressed with DataPipe's expertise in the managed hosting market and look forward to pursuing additional growth opportunities in partnership with Robb and the DataPipe management team."

DH Capital, LLC served as exclusive financial advisor to DataPipe for this transaction.