Carlyle to buy data center services provider Involta
Investment firm Carlyle (NASDAQ: CG) says it will acquire data center services provider Involta from M/C Partners via funds that Carlyle manages. Financial terms of the deal were not disclosed, although Carlyle did say that it expects to close the purchase during the current calendar quarter subject to customary closing conditions.
Involta offers data center colocation, hybrid cloud, edge, fiber, and related products and services via its 12 data center facilities and an in-house fiber network of more than 12,000 fiber-miles. Carlyle says it plans to help Involta expand beyond its primary markets in the U.S. Midwest, Pacific Northwest, and Southwest.
"Involta has built a world-class platform with a demonstrated operating model for delivering high-quality service to customers in an increasingly complex, hybrid cloud-based world,” commented Joshua Pang, head of digital infrastructure for Carlyle's Infrastructure Group. “We see significant opportunity for growth given the long-term secular demand drivers of data proliferation, digital connectivity, and the digitization of enterprise and institutional operating models. We look forward to a strong, long-term partnership and to leveraging Carlyle's scale, resources, and access to capital to drive sustainable growth at Involta."
"We are thrilled to work with Carlyle's proven investment team as we build on our national market leadership and support our customers' growing digital infrastructure requirements,” added Bruce Lehrman, founder and CEO of Involta. “We see many logical opportunities to continue expanding Involta's footprint and infrastructure and look forward to leveraging Carlyle's global resources and deep expertise to further accelerate our growth momentum."
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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