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US-based Host.net Bought By NOVACAP
Canadian private equity firm NOVACAP reported that it has bought on the U.S.-based Host.net (News - Alert), a multinational provider of managed infrastructure services, as part of its investment strategy to expand into the United States market.
Host.net operates multiple enterprise-class data centers connected to an extensive fiber-optic backbone delivering Internet, MPLS and layer 2 communications, using a wide array of last-mile options. The company caters to major metropolitans in North America and portions of Europe, with over 700 customers ranging from small to large multinationals.
NOVACAP offers active support, deep operational expertise and growth in capital to help companies with strategic competitive advantages realize their full potential. Its approach has high successful track record in helping companies accelerate their growth and maximize their value. For Host.net, the acquisition means that it can continue to lead the industry and add more data centers to venture into the next stage and expand its portfolio to retain the industry’s benchmark.
Jeffrey Davis, co-founder and CEO at Host.net said, “We are delighted to be working with NOVACAP, whose insight and investment will definitely benefit Host.net’ growth strategy. Their experience in the industry will bring focus to the strategic steps needed in order to grow the company.”
NOVACAP acknowledged that Host.net’ dynamic team, significant presence in the market and untapped opportunities for colocation and cloud services make the company an ideal partner. The international expansion should benefit NOVACAP’ portfolio of companies, and will help it find additional opportunities throughout North America and in international markets. With this acquisition, NOVACAP stated that it wishes to show its confidence in Davis and Host.net’ senior management team.
Edited by Ashley Caputo
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