SoftLayer Acquired by GI Partners & Management

(Ping! Zine) – SoftLayer Technologies®, the innovative on-demand data center services provider, today announced a transaction in which its management team and GI Partners, a private trans-Atlantic investment firm, have acquired all of the equity in SoftLayer.

Since its founding, SoftLayer has revolutionized hosting through its unswerving commitment to innovation and automation. At a pivotal time in the industry, as increased connectivity, virtualization advances, and cloud service innovations dramatically reshape the landscape, SoftLayer is poised to continue playing a significant role in the industry’s transformation.

“I’m extremely proud of how much SoftLayer has grown and accomplished in its history. GI Partners’ investment and partnership enables us to take our unparalleled approach to the next stage,” said Lance Crosby, Chief Executive Officer of SoftLayer. “It’s gratifying that a firm with GI Partners’ insight and success sees such value in SoftLayer’s past growth and future opportunities.”

“SoftLayer has taken a visionary model and created a company for the future of hosting,” said Rick Magnuson, Executive Managing Director of GI Partners. “We are excited to bring additional resources and experience to help SoftLayer leverage its strategic position in the expanding global data center services market.”

DH Capital served as exclusive financial advisor to SoftLayer in connection with the transaction.

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