DataBank Announces Acquisition of Indianapolis Based LightBound

Transaction adds two data centers and deep customer base in attractive Midwest market

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Dec 17, 2018, 09:00 ET

DALLAS, Dec. 17, 2018 /PRNewswire/ -- DataBank, a leading provider of enterprise-class data center, connectivity and managed services, announced today the acquisition of LightBound, an Indianapolis-based provider of colocation, Internet, voice, network and cloud services. LightBound operates two enterprise-class data centers located in the downtown Indy Telecom Center, the most densely interconnected location in the city. LightBound will add 73,000 gross square feet of colocation space and 9.5MW of installed UPS power to the DataBank portfolio.

Founded in 1994, LightBound is the market leader in the Indianapolis area with a strong regional reputation for customer service and delivering secure and reliable colocation solutions. LightBound serves the leading enterprises in the Indianapolis area, with an outstanding list of clients across healthcare, government, finance, manufacturing, cloud and technology. With the acquisition of LightBound, DataBank will operate 17 data centers in 9 US markets, including Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, Baltimore, Atlanta, and Indianapolis.

"We are excited about expanding our presence to the Indianapolis market," commented Raul K. Martynek, CEO of DataBank. "LightBound has built a fantastic customer service reputation in the region as a trusted infrastructure provider. We look forward to combining LightBound's strength in colocation, connectivity and managed services with DataBank's broad product offering and national footprint."

"Joining DataBank is an outstanding opportunity for LightBound, its employees and customers," said Jack Carr, CEO of LightBound. "DataBank's customer-centric approach is the reason we choose to combine with their team and be able to expand our offering and geographic footprint." Jack Carr will continue with DataBank and lead efforts to expand the customer base and data center portfolio in the Indianapolis market.

Cowen and Company, LLC served as exclusive financial advisor to LightBound in connection with this transaction and Barnes & Thornburg, LLP acted as legal advisor. Jones Day acted as lead M&A counsel and Ernest and Young LLP served as accounting advisor to DataBank.

About DataBank
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 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 more than $7.5 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.

About LightBound
Since 1994, LightBound has been delivering IP services to clients. We are a U.S. based provider of Internet, voice, colocation, network, and IaaS cloud services. LightBound has been delivering 24x7x365 support from a staffed Network Operations Center (NOC) as a foundational component of all our services, which has helped us maintain a Net Promoter Score® among the highest in the technology industry. Our technology solutions help organizations of all sizes achieve scalability, reduce downtime, and maintain compliance. We serve both global and national organizations, and we're fortunate to have some of the world's best and most successful organizations as clientele. For additional information about LightBound, please visit www.lightbound.com or call (866) 206-9363

SOURCE DataBank