Deals

DataPipe scores $75 million in funding for data hosting business

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DataPipe has secured $75 million in both credit and equity funding for its business of managing information-technology services for other companies.

Goldman Sachs led the financing. The company will expand its Somerset, N.J. campus, which could hold as much as 60,000 square feet of data center space, said Robb Allen, chief executive of the Jersey City, N.J.-based company.

DataPipe is also pursuing expansion opportunities in London and China. DH Capital served as financial advisor for the deal. The company provides data hosting and other services for mid-size to large companies. It has more than 1,500 customers in six data centers.


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