Carlyle (NASDAQ: CG) says that funds it manages have closed the purchase of Involta, a hybrid IT, cloud computing, and data center services company. Terms of the buy, from M/C Partners, were not disclosed. Carlyle had revealed the deal last month (see “Carlyle to buy data center services provider Involta”).
Involta leadership sees the acquisition as improving its ability to expand its services and customer base. “The investment positions us to build on our national market leadership while remaining committed to our customers in our current markets,” states Bruce Lehrman, Involta’s founder and CEO. “We look forward to leveraging additional capital to strengthen and expand our data center and solution portfolio to support the growing digital infrastructure requirements of enterprise businesses across the country.”
Involta currently operates single data centers in Arizona, Idaho, Iowa, Minnesota, and Pennsylvania and five in Ohio. It leverages these facilities to offer managed services, cloud-based platforms, and related expertise to customers in such fields as healthcare, manufacturing, and financial services.
"Involta’s world-class platform, high-quality service, industry-leading NPS score, and company culture position the company for strong growth,” said Joshua Pang, head of digital infrastructure for Carlyle’s Infrastructure Group. “We are excited to support Involta’s innovative team with Carlyle’s scale, resources, and access to capital as they help businesses navigate today’s complex hybrid cloud and edge-related challenges.”
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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.
You can connect with Stephen on LinkedIn as well as Twitter.