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DataPipe Gets $75M to Expand

JERSEY CITY-The money will be spent to expand data facilities, including one in Somerset, NJ, and to expand service offerings.

By Eric Peterson | Updated on July 10, 2008

JERSEY CITY-DataPipe, the managed IT services provider based here, has picked up $75 million in combined credit and equity financing from Goldman Sachs, with the proceeds to be utilized for a variety of expansion projects. The New York City-based DH Capital advised DataPipe. Further details were not released.

“We’re very pleased to be fully funded for future growth,” says DataPipe founder and CEO Robb Allen, in a statement. “This funding will enable us to expand our data center facilities and enhance our service offerings. It’s great news for our clients.”

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