Cartesian Capital Group and Digital Realty have invested $72 million in redIT’s common stock. RedIT, with offices in San Diego and Mexico, provides managed IT services, connectivity and data centers in the southwestern U.S. and Mexico.
SAN DIEGO, Aug. 21, 2013 /PRNewswire/ — redIT, a leader in secure, scalable mission-critical managed IT services and connectivity, announced today that Cartesian Capital Group and Digital Realty (NYSE: DLR) have made an investment of $72 million in redIT’s common stock.
The funds will allow redIT to accelerate its twin priorities of increasing its physical infrastructure and strengthening its services and operational capabilities. In particular, the funds will be used to expand the company’s data center operations throughout Mexicoand the southwestern United States.
“We are delighted to have Digital Realty and Cartesian as our partners for the next phase of redIT’s rapid development,” noted redIT’s CEO Murray Case. “The partnership means redIT will have all the resources necessary to expand our world class services to our clients, including providing them with the expertise behind Digital Realty’s data centers. Moreover, our partnership contemplates continuing to expand our exceptional new data center complex at redIT.DataPark outside of Mexico City, and developing new data centers in other Mexican cities.”
Michael F. Foust, Digital Realty’s CEO, further noted: “Mexico is a market of immense potential and sophistication, and redIT is a natural partner as we explore how best to participate in the region. We believe that Mexico City, as the hemisphere’s largest metropolitan region, deserves and requires a state-of-the-art data center complex, and we are delighted to be redIT’s partner in developing redIT.DataPark. Looking forward, we are enthusiastic about the continued development of world-class data centers inMexico.”
Paul Pizzani, a partner and co-founder of Cartesian, noted, “We were impressed with redIT’s 15 year history of profitable operation and growth, and the unwavering commitment of Murray and his team to meeting the data and connectivity needs of their clients. We are thrilled to be participating in the next phase of redIT’s development and look forward to facilitating its expansion into new domestic and international markets.”
redIT supports the global IT community with managed IT services, high-capacity connectivity and data centers in the southwestern U.S. and Mexico. redIT enables its clients to focus resources on what drives their competitive advantage – not the distractions of owning and managing IT. redIT delivers an IT strategy that’s scalable and offers the lower total cost of ownership. More information is available at www.redit.com.
Cartesian Capital Group is a global private equity firm that manages $2 billion in capital and has proven expertise in assisting closely-held companies expand in domestic and international markets. Cartesian is based in New York, with offices throughout the world.
About Digital Realty Trust
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer’s unique data center needs. Digital Realty’s customers include US and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty’s portfolio is located in 32 markets throughout Europe, North America, Asia and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty’s website at http://www.digitalrealty.com.