DigitalBridge, an Orem, Utah-based provider of information sharing technologies for digital ecosystems, has raised an undisclosed amount of private equity funding from Sorenson Capital Partners.
DigitalBridge(SM), the leader in protected information sharing technologies and solutions for digital ecosystems, today announced that it has received significant funding from Sorenson Capital Partners (SCP), to support its strategic growth for the next several years.
“We are very excited to work with Sorenson Capital. It is a world-class firm with a sterling reputation for investing in strong-performing companies,” said Terry Pitts, president and CEO of DigitalBridge. “I believe that our relationship with Sorenson and its distinguished executive team will provide the level of support and collaboration needed to ensure DigitalBridge not only captures new market share, but dominates in every market we enter.”
“DigitalBridge is an excellent company with a great management team,” added Fraser Bullock, managing director of Sorenson Capital. “We are excited about our partnership with DigitalBridge and expect the company to continue to successfully grow its position in the marketplace.”
The initial investment by Sorenson Capital will not be disclosed. However, both companies expect that the funding relationship will be a stable one that will be sustained over several years.
DigitalBridge was founded in 2004, in
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About Sorenson Capital Partners
Sorenson Capital Partners, (http://www.sorensoncapital.com), is a private equity firm providing small- to middle-market buyouts and investments with a particular focus on opportunities in selected states in the West and Mountain West. Sorenson Capital is headquartered in