DH Capital Co-Advises SoftLayer On Sale To IBM
NEW YORK, NY and BOULDER, CO – July 10, 2013 – DH Capital, LLC (“DH Capital”) an investment banking firm serving companies in the Internet infrastructure, communications, and SaaS sectors, is pleased to announce it served as a co-advisor to SoftLayer Technologies, Inc. (“SoftLayer”), the world’s largest privately held cloud computing infrastructure provider, on its sale to IBM. The combination with IBM will form a new cloud services division to accelerate adoption of public and private cloud solutions across a global platform.
“Working with DH Capital for the last six years has been a real differentiator for us. DH Capital’s thoughtful approach on each of the four transactions they advised us on was instrumental in SoftLayer’s growth and evolution,” said Lance Crosby, CEO of SoftLayer. “We are extremely excited about the opportunity moving forward.”
“We are pleased to have assisted Lance and the company in this industry defining transaction. It has been a privilege to work closely with SoftLayer over the past six years as they built this exceptional company,” said Peter Hopper, Co-founder and CEO of DH Capital. This marks DH Capital’s 50th transaction in the Internet infrastructure sector totaling more than $7.0 billion in value.
SoftLayer was founded in 2005 with the intent of becoming the de facto platform for the internet. Automation and scalability have driven every decision along the way and the foundation is built for the IBM Cloud Services division to continue to scale and grow.
About SoftLayer Technologies, Inc.
Spanning 13 data centers in the United States, Asia and Europe and a global footprint of network points of presence, SoftLayer operates a global cloud infrastructure platform built for Internet scale. With 100,000 servers under management, SoftLayer’s modular architecture provides unparalleled performance and control, with a full-featured API and sophisticated automation controlling a flexible platform that seamlessly spans physical and virtual devices for secure, low-latency communications. SoftLayer is the largest privately held Infrastructure-as-a-Service (IaaS) provider in the world with a portfolio of 25,000 leading-edge customers from Web startups to global enterprises. For more information about SoftLayer, visit www.softlayer.com.
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 105 M&A transactions and private capital placements totaling more than $8.5 billion in value.
For additional information about DH Capital, please visit our website at www.dhcapital.com.