M/C Partners leads $50 mln round for Involta

Involta has received $50 million in financing. M/C Partners led the round with participation from Morgan Stanley Alternative Investment Partners. Involta owns and operates multi-tenant data centers in the U.S.


BOSTON & CEDAR RAPIDS, Iowa–(BUSINESS WIRE)–M/C Partners announced today a $50 million equity financing round for Involta, LLC, a leading managed IT, cloud computing and data center services company. M/C Partners led the institutional funding round, which also included Morgan Stanley Alternative Investment Partners.

The financing will enable Involta to make strategic acquisitions, provide some shareholder liquidity, and support its rapid growth in offering colocation and managed services throughout the country.

Involta was founded in 2007 and owns and operates data center facilities throughout the United States. The company’s growth has been accelerated with the recently-launched Involta CompliantCloudSM services platform, comprising infrastructure, storage, network and backup and recovery services housed in its world-class data center facilities.

“We envision Involta playing a leading role in the data center space in the coming years, particularly in tier II and tier III markets that are still very underdeveloped in terms of infrastructure,” said Gillis Cashman, managing partner, M/C Partners. “There is a tremendous need for infrastructure in those areas, and Involta is very well-positioned to address those needs with its superior platform and services.”

“We are thrilled to be partnering with M/C Partners for the next chapter of our growth,” stated Bruce Lehrman, Involta CEO. “They have a tremendous reputation in our industry and share our vision for continued expansion. We continue to be committed to our brand promise of Superior Facilities, Operational Excellence and People Who Deliver.”

M/C Partners has a number of successful investments in the data center space, led by past portfolio companies Fusepoint and Attenda. Fusepoint, Inc., a privately held managed hosting and collocation services company, was sold to Savvis, in 2010 and represented one of the more successful managed hosting and collocation services exits in recent years. Attenda Ltd, a leading provider of managed hosting services to UK enterprises, was sold to Darwin Private Equity, a London-based mid-market private equity firm, in 2011.

About Involta
Involta builds, owns, and operates multi-tenant data centers providing related cloud, technical and managed technical services, allowing clients to focus on their core business. Involta operates eight world-class facilities in Iowa, Ohio, Minnesota, Idaho and Arizona. Founded in 2007, Involta was ranked #40 on the 2010 Inc. 500 list of the fastest growing private companies in the United States, is a multi-year winner of the Iowa Technology Association IT Provider of the Year, and is a recognized and preeminent provider of data center facilities and technology services in the United States. For more information, visit Involta.com.

About M/C Partners
M/C Partners is a private equity firm focused exclusively on the communications, media, and information technology sectors. The firm has invested over $1.5 billion into nearly 100 companies in those sectors. Companies M/C has backed include Cavalier Telephone, Fusepoint, GTS Central Europe, ICG Communications, Legendary Pictures, Lightower, MetroPCS, NuVox, Open Mobile, and Zayo Group. The firm has strong institutional backing from the nation’s leading pension funds and endowments as well as a long track record of success. M/C Partners has offices in Boston and San Francisco. For more information, visit MCPartners.com.