LightEdge expands colocation and cloud solutions with acquisition of Connectria
In a bid to extend colocation and private cloud solutions, LightEdge, a provider of secure cloud and colocation, has entered into an agreement to acquire Connectria, a provider of multi-cloud infrastructure and managed hosting solutions.
With the deal, Connectria is set to add six data center locations to LightEdge’s existing footprint of 12 interconnected facilities across eight U.S. markets. The transaction is set to close before the end of April, 2024, with this being LightEdge’s fourth since its GI Partners’ investment in 2021.
“With this acquisition, LightEdge becomes one of the only secure and compliant infrastructure providers in the country offering both hybrid colocation and tailored multi-cloud solutions,” says LightEdge CEO Jim Masterson.
“The acquisition extends LightEdge’s colocation and private cloud offering into public cloud services, while bringing together two incredibly talented and diverse teams and two highly complementary product suites, geographies, and customer bases.
“We expect this acquisition to further enhance our customer experience, and to that end, our top priority is to continue providing high-level service to our existing and new customers, while seamlessly integrating the companies.”
Connectria has experience in IBM, AWS, and Microsoft Azure public cloud hosting. LightEdge notes that these strengths will boost its capabilities in delivering colocation, enterprise cloud, connectivity, and enhanced network security.
Connectria CEO Amar Patel says LightEdge provides a perfect fit for Connectria. “Both LightEdge and Connectria have established themselves as successful, fast-growing innovators that put security first within their product sets,” he adds.
“Both companies are also known for their strong company cultures, employee engagement and empowerment, and close ties to customers and suppliers.”
According to LightEdge, the acquisition is the latest demonstration of the company’s role in the data center and cloud infrastructure sector.
“We are excited to support LightEdge’s continued growth, geographically, through additional product offerings, and by combining our incredible teams,” adds Xiao Tsai, director of GI Partners. “Connectria’s IBM and public cloud capabilities provide LightEdge with additional avenues for future growth.”
In 2021, LightEdge was acquired by GI Partners, a US-based private equity, real estate fund manager, and creator of Digital Realty. Earlier this year, LightEdge announced its entry into Minneapolis with the acquisition of a 76,000-square-foot, 3.6 MW data center in Chaska, Minnesota.
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Article Topics
acquisition | cloud | colocation | Connectria | GI Partners | LightEdge
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