Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

PEAK 10 POISED FOR AGGRESSIVE GROWTH UNDER GI PARTNERS OWNERSHIP

PEAK 10 SHOOT 368

Published : , on

Cloud IaaS Provider to Leverage GI Partners’ Technology Infrastructure Expertise

National IT infrastructure and cloud provider, Peak 10, Inc. (“Peak 10”) announced that private equity firm GI Partners (“GI”) has agreed to acquire Peak 10 from private equity firm Welsh, Carson, Anderson & Stowe (“Welsh Carson”).

Peak 10 provides hybrid IT infrastructure services including data center services, private and enterprise cloud infrastructure, and managed services.Headquartered in Charlotte, N.C., the company operates 24 data centers in 10 key markets in the U.S., primarily serving mid-sized enterprises around the globe.  Peak 10 boasts one of the most comprehensive IT security and compliance programs in the industry and is a leader in Disaster Recovery as a Service (DRaaS). It was recently named the first provider in the Americas to achieve the Cisco Powered DRaaS Certification.

“This is a pivotal time in the IT infrastructure space,” said David Jones, President and Chief Executive Officer of Peak 10. “Our industry continues to experience dynamic change with shifts and enhancements to virtual environments and the promise of the cloud.  GI Partners’ deep experience in value creation within our sector aligns with our aggressive plans to expand geographically and deliver new capabilities to the marketplace for companies who need a partner like Peak 10.”

PEAK 10 Poised For Aggressive Growth Under GI Partners Ownership

PEAK 10 Poised For Aggressive Growth Under GI Partners Ownership

“Peak 10’s talented and experienced management team has built an outstanding organization with considerable scale,” said David Mace, Director at GI Partners.  “We look forward to supporting the company as it continues to expand its leadership position.”

“We are very proud of the partnership we have enjoyed with Peak 10’s management team since 2010.  During that time, we worked closely together to continue building on Peak 10’s leadership position in the market,” added Eric J. Lee, General Partner at Welsh, Carson, Anderson & Stowe.  “The company delivered terrific performance and we believe is well-positioned for its next phase of growth.”

Under this new partnership, Peak 10 stands to gain strong momentum from the history of technology investments made by GI Partners, including Digital Realty Trust (NYSE: DLR), The Telx Group, and SoftLayer Technologies.

“Our partnership with Welsh Carson created a strong foundation for our next phase.  With GI, we will write a new chapter in our growth story,” said Jones, who founded the company in 2000.  “Together, we have the depth of resources and experience to drive much bigger achievements.  This is a very positive move for us and allows us an opportunity to expand in new directions, sustain new growth and leverage our partner program.”

Completion of the transaction, which is subject to regulatory approvals and customary closing conditions, is expected in the second quarter of 2014.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post