DH Capital Advises Rackspace on Sale of Cloud Sites Business Unit
NEW YORK, NY and BOULDER, CO – (Marketwired – August 25, 2016) – DH Capital, LLC (“DH Capital”), an investment banking firm serving companies in the Internet infrastructure, software & IT services, and communications sectors, announced today that it served as exclusive financial advisor to Rackspace® (NYSE: RAX) on the sale of its Cloud Sites business unit to Liquid Web. The Cloud Sites platform-as-a-service (PaaS) product significantly augments Liquid Web’s premium portfolio and adds capabilities to further simplify web hosting and cloud services.
“The team at DH Capital did a terrific job throughout this process to create the outcome we were seeking,” said Matt Bradley, Vice President of Corporate Development & Strategy for Rackspace.
“We are very proud to work closely with Rackspace, the leader in managed cloud,” said Mark Thorsheim, Partner of DH Capital. He continued, “The Cloud Sites platform is a terrific strategic fit for Liquid Web.”
DH Capital has long served as a trusted advisor and maintains among the largest dedicated teams of professionals covering the Internet infrastructure, software & IT services sectors. DH Capital has advised companies on over 140 transactions with combined value in excess of $14 billion.
About DH Capital
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development, and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed over 140 M&A transactions and private capital placements totaling more than $14 billion in value. SaaS Capital, a DH Capital affiliate, is the premier provider of growth capital to emerging SaaS companies. SaaS Capital’s innovative, recurring revenue based lines of credit, and years of experience focused exclusively on the SaaS business model, enables portfolio companies to fund substantial growth without selling a significant portion of their business. For additional information about DH Capital, please visit our website at www.dhcapital.com.