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Client Company News
SOURCE: DATAPIPE
DATAPIPE ANNOUNCES ACQUISITION OF SAN JOSE DATA CENTER
HOBOKEN, N.J., Nov. 20, 2006 /PRNewswire/ -- DataPipe, a global provider of managed hosting and security services, announced today that it has acquired the San Jose Data Center of AboveNet, Inc. "We're very pleased to acquire this data center in the heart of Silicon Valley," said Robb Allen, founder and CEO of DataPipe. "This is truly a world class facility and is home to 5 of the 15 most visited websites in the world." Allen added that DataPipe is adding a significant revenue stream as a result of the acquisition.
"We are experiencing rapid growth in all areas of our business," said Allen. "The addition of the San Jose data center and our recently acquired data center in New Jersey will facilitate our ability to meet the demands of our clients for true TIER 4 infrastructure to support their mission critical business applications."
DataPipe and AboveNet have developed a comprehensive transition plan for the facility that is designed to ensure that customers experience no interruption in service and have continuity in both operational and administrative processes.
DH Capital, LLC served as exclusive financial advisor to DataPipe in connection with this transaction.
About DataPipe, Inc.
DataPipe delivers a comprehensive suite of managed services based on predictable costs, reliable results and guaranteed service levels. DataPipe helps companies realize the true value of their technology assets, enhancing their ROI by enabling them to extend their IT resources on demand worldwide. For additional information, please visit http://www.DataPipe.com.
DataPipe, Inc.
CONTACT: Richard Dolan, Marketing Director of DataPipe, Inc.,
+1-201-792-1918, rdolan@datapipe.com
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
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