GI Partners and Management Acquire SoftLayer®
DALLAS AND MENLO PARK—August 4, 2010—SoftLayer Technologies®, the innovative on-demand data center services provider, today announced a transaction in which its management team and GI Partners, a private trans-Atlantic investment firm, have acquired all of the equity in SoftLayer.Since its founding, SoftLayer has revolutionized hosting through its unswerving commitment to innovation and automation. At a pivotal time in the industry, as increased connectivity, virtualization advances, and cloud service innovations dramatically reshape the landscape, SoftLayer is poised to continue playing a significant role in the industry’s transformation.“I’m extremely proud of how much SoftLayer has grown and accomplished in its history. GI Partners’ investment and partnership enables us to take our unparalleled approach to the next stage,” said Lance Crosby, Chief Executive Officer of SoftLayer. “It’s gratifying that a firm with GI Partners’ insight and success sees such value in SoftLayer’s past growth and future opportunities.”“SoftLayer has taken a visionary model and created a company for the future of hosting,” said Rick Magnuson, Executive Managing Director of GI Partners. “We are excited to bring additional resources and experience to help SoftLayer leverage its strategic position in the expanding global data center services market.”DH Capital served as exclusive financial advisor to SoftLayer in connection with the transaction.
About GI Partners
Established in 2001, GI Partners is a leading private investment firm that focuses on control-oriented investments in asset-backed businesses and properties located in North America and Western Europe. The firm is active in a number of key sectors, including asset-backed IT services, specialty healthcare and education, leisure, commercial real estate, hospitality, retail and financial services. Since inception, the firm has secured $4 billion of capital commitments from recognized institutional private equity and real estate investors in the U.S., Europe, and the Middle East. It is currently investing from GI Partners Fund III. For more information, please visit www.gipartners.com.
Director - Investor Relations
+1 650 233 3605
About SoftLayer Technologies
Headquartered in Dallas, SoftLayer is the innovation leader in Cloud, Dedicated, and Managed Hosting, and the largest private hosting company in the world. SoftLayer provides cloud, dedicated, and seamlessly integrated computing environments, with world-class data centers in Dallas, Houston, San Jose, Seattle, and Washington D.C., and network Points of Presence nationwide. The company integrates and automates all elements of its platform, empowering enterprises of any size with complete control, security, scalability, and ease-of-management via a leading Customer Portal and Open API. For more information, please visit www.softlayer.com or call 866.398.7638.
Chief Strategy Officer
+1 214 442 0600