Datapipe Sees Rapid Growth in Second Quarter

JERSEY CITY, N.J., July 20, 2011 /PRNewswire/ -- Datapipe, a leading provider of managed services and infrastructure for mission critical IT and cloud computing, announced today that revenue growth in the second quarter of 2011 was equal to the total growth the company experienced in all of 2009.

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Supporting this growth, Datapipe is currently completing expansions of its data center facilities worldwide. In the third quarter the company will triple its data center capacity in London, and significantly expand its San Jose, Calif. and Hong Kong capacity. In addition, Datapipe is doubling the capacity of Somerset Two, its New Jersey data center that opened in May of 2010.

"The most important goal for Datapipe is that as we get bigger, we get better. Staying focused on that goal has enabled our rapid growth," said Datapipe CEO Robb Allen. "Consistently improving and expanding our services and service levels creates meaningful value for our clients." 

In May, Datapipe announced it had secured $176 million in equity and credit financing. The funding, led by ABRY Partners & TD Securities, has been used to increase the company's borrowing capacity and fund expansions.

In 2011 Datapipe was named to the Gartner Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting and has continued to gain recognition within the industry. Netcraft, a leading source for insight into a provider's network uptime, has recognized Datapipe as the most reliable hosting company four times in 2011. Datapipe was also recently recognized as the HP AllianceOne Partner of the Year in the Innovative Partner – Service Provider Category.

About Datapipe

Datapipe offers a single provider solution for managing and securing mission-critical IT services, including cloud computing, infrastructure as a service, platform as a service, colocation and data centers.  Datapipe delivers those services from the world's most influential technical and financial markets including New York metro, Silicon Valley, London, Hong Kong and Shanghai. For more information about Datapipe visit www.datapipe.com or call (888) 749-5821.

SOURCE Datapipe