DataBank Announces the Acquisition of Edge Hosting
DataBank acquires enhanced capabilities and expertise for cloud-based security and compliance-centric solutions
DALLAS, TX & BALTIMORE, MD (PRWEB) SEPTEMBER 21, 2017
DataBank, Ltd., a Digital Bridge portfolio company and leading provider of business solutions for data center, cloud, interconnectivity, and managed services, has announced today the acquisition of Edge Hosting. The acquisition provides both market expansion and additional expertise in the delivery of cloud solutions and managed services, especially for clientele requiring comprehensive operational controls for a number of commercial and government compliance standards.
Founded in 1998, Baltimore based Edge Hosting designs, operates, and simplifies secure and compliant IaaS and PaaS Managed Cloud Hosting and delivers comprehensive operational coverage of controls for FedRAMP, HIPAA/HITECH, PCI, SSAE 16/18 SOC 2 Type II and EU Privacy Shield Frameworks. In addition, Edge hosting delivers clients a sophisticated portal that includes real time analytics on performance, advanced security controls, and compliance. These strategic capabilities will augment DataBank service offerings across the company’s national footprint.
“Edge has built a great reputation for superior technical capabilities and proactive managed services throughout the industry,” said Raul K. Martynek, CEO of DataBank. “Having known the business for many years, it was obvious that there were some incredible synergies between the two companies. We plan to leverage the Edge team’s technical and process expertise to enhance our current managed service offerings, nationwide.”
“DataBank is force-multiplier for us,” said Vlad Friedman, CEO of Edge Hosting. “The diverse client-base of large enterprise accounts, a large national footprint of top-tier data center facilities, and the complementary skillset of their engineering and support staff, opens new doors for the Edge team and our customers. I am very excited about the direction and scale we’ll be able to achieve together.” Vlad Friedman will transition to become the Chief Technology Officer of DataBank and lead product development and the technical roadmap for the combined company.
DataBank operates data centers in Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, and Atlanta. To find out additional details on DataBank data centers and services, please visit the company website at http://www.databank.com.
DH Capital served as exclusive financial advisor for Edge Hosting and DLA Piper LLP acted as legal advisor to Edge Hosting in connection with the transaction. Jones Day acted as lead M&A counsel, Kleinbard LLC acted as investment structure counsel, and Ernst and Young LLP served as accounting advisor to DataBank.
About Edge Hosting
Edge designs, operates, and simplifies secure and compliant IaaS and PaaS Managed Cloud Hosting that delivers comprehensive operational coverage of controls for FedRAMP, HIPAA, PCI, SSAE 16 SOC 2 Type 2 and EU Privacy Shield Framework. Edge’s services include Compliance Architecture & Audit Support, Cloud Migration & Design, AWS Managed Services, and Secure Federal/Healthcare Hybrid Clouds. Our mission is to be the easiest partner to host business critical, secure, and compliant web sites and applications. With a relentless focus on our customers, Edge improves business outcomes by leveraging more than twenty years of experience in highly regulated industries including government, financial services, and healthcare. For more information about Edge Hosting, please visit http://www.edgehosting.com.
DataBank is a leading provider of enterprise-class data center, cloud, and interconnection services, offering customers 100% uptime availability of data, applications and infrastructure. Databank’s managed data center services are anchored in world-class facilities. Our customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives. DataBank is headquartered in the historic former Federal Reserve Bank Building, in downtown Dallas, TX. For additional information on DataBank locations and services, please visit http://www.databank.com or call 1(800) 840-7533.
About Digital Bridge Holdings
Founded in 2013 by Marc C. Ganzi and Ben Jenkins, Digital Bridge is focused on the ownership, investment and active management of companies in the mobile and internet infrastructure sector. Since inception, Digital Bridge has raised over $6.5 billion of debt and equity capital used to acquire and invest in the development of communications infrastructure businesses, including DataBank, Vantage Data Centers, ExteNet, Vertical Bridge, Andean Tower Partners, and Mexico Tower Partners.