Funding Will Position Company for Future Growth
Cedar Rapids, IA - July 1, 2014 -- Involta, LLC, an industry-leading managed IT, cloud computing and data center services company, announced today it has secured $50 million of equity financing. The investment was led by M/C Partners of Boston and included Morgan Stanley Alternative Investment Partners. This new round of financing will enable strategic acquisitions, provide some shareholder liquidity, and support Involta’s rapid growth providing colocation and managed services throughout the country.
“We are thrilled to be partnering with M/C Partners for the next chapter of our growth,” stated Bruce Lehrman, Involta CEO. “They have a tremendous reputation in our industry and share our vision for continued expansion. We continue to be committed to our brand promise of Superior Facilities, Operational Excellence and People Who Deliver.”
With a 25-year track record of active investment in companies delivering aggressive growth and standout shareholder value, M/C Partners promises to be a powerful partner for Involta. Involta was founded in 2007 and operates seven data center facilities across the United States, with the eighth center under construction in Boise, Idaho. The Company’s growth has been accelerated with the recently-launched Involta CompliantCloud℠ services platform, comprising infrastructure, storage, network and backup and recovery services housed in its world-class data center facilities.
“Involta is a clear leader in the markets they serve,” said Gillis Cashman, managing partner at M/C Partners. “The Company has built a strong reputation and a scalable platform for continued growth. We are proud to be part of this exciting Company.”
To learn more about Involta visit Involta.com.
Involta builds, owns, and operates multi-tenant data centers providing related cloud, technical and managed technical services, allowing clients to focus on their core business. Its proprietary Involta CompliantCloud℠ services platform leverages the strength and performance of industry-leading companies, including EMC, VMware and Cisco. Involta operates seven world-class facilities in Iowa, Ohio, Minnesota, Idaho and Arizona. Founded in 2007, Involta was ranked #40 on the 2010 Inc. 500 list of the fastest growing private companies in the United States, is a multi-year winner of the Iowa Technology Association IT Provider of the Year, and is a recognized and preeminent provider of data center facilities and technology services in the United States. For more information, visit Involta.com.
About M/C Partners
M/C Partners is a private equity firm focused exclusively on the communications, media and information technology sectors. The firm has invested over $1.5 billion into nearly 100 companies in those sectors. Companies M/C Partners has backed include Attenda, Cavalier Telephone, Fusepoint, GTS Central Europe, ICG Communications, Legendary Pictures, Lightower, MetroPCS, NuVox, Open Mobile and Zayo Group. The firm has strong institutional backing from the nation's leading pension funds and endowments, as well as a long track record of success. M/C Partners has offices in Boston and San Francisco. For more information, visit MCPartners.com.