NOVACAP and Management Acquire Host.net
Boca Raton, FL, Jan 04, 2013 (PRWeb.com via COMTEX) --
Host.net, a leading provider of Network Infrastructure Services focusing on Colocation, Cloud Computing, Virtualization and Storage today announced a transaction in which its management team, lead by Co-Founder and CEO Jeffrey Davis, and NOVACAP Technologies III, a Canadian based private equity Firm, have acquired all of the equity in Host.net.
Since it's founding, Host.net has revolutionized the Colocation and Virtual Private Data Center industry in South Florida through its commitment to innovation, up-time and world class customer support. At a time when the industry is undergoing a radical transformation with increased connectivity, advances in virtualization, and innovation in cloud services, the landscape is radically being reshaped. Host.net will continue to lead the industry's transformation beyond South Florida and expanding its footprint globally.
"I'm extremely proud of how much Host.net has grown and accomplished in its history. NOVACAP's investment and partnership enables us to grow to the next stage by adding not only more Data Centers, but continuing to expand our portfolio of services, offering the latest state-of-the-art technologies to our clients and growing the Host.net team to ensure that our world-class "white-glove" customer service approach remains the industry's benchmark. It's gratifying that a firm with NOVACAP's insight and success sees such value in Host.net's past growth and future opportunities," said Jeffrey Davis, Co-Founder & Chief Executive Officer of Host.net.
"We are excited to have completed the Host.net acquisition in partnership with its Senior Management team and founder Jeffrey Davis. The company has an impressive track record of growth and success as well as operational excellence and technological leadership. This is an extremely successful business with market leading products and services, a history of innovation, a robust customer base, and a highly qualified committed team focused on growth. Host.net is poised the be at the forefront of the seismic changes that the are reshaping the global landscape of Data Storage, Virtualization and Cloud Computing," said Ted Mocarski, Senior Advisor at NOVACAP.
DH Capital served as exclusive financial advisor to Host.net & its Management Team in connection with the transaction. "Host.net combines state of the art facilities and managed services with a broad and robust national network allowing the Company to seamlessly provide a secure end to end solution. Pairing Host.net with NOVACAP results in a fantastic outcome for the Company, its clients, and employees. NOVACAP's expertise in the Colocation and Managed Services sector as well as previous investment experience will add value to Host.net as it continues to grow," commented Mr. Adam Lewis, Partner & Managing Director.
Host.net's existing Management Team shall all continue their work under the new ownership structure. Jeffery Davis and Thomas Turner shall also remain on the board. Additionally Ted Mocarski, Stephane Tremblay and Tuan Tran from NOVACAP shall also join the new Host.net Board of Directors.
Host.net is a multinational provider of managed infrastructure services focusing on colocation, cloud computing and storage, along with network transport and transit for enterprise organizations. The company operates multiple enterprise-class data centers connected to an extensive fiber-optic backbone delivering Internet, MPLS and layer 2 communications using a wide array of last-mile options. It serves customers in most major metropolitan regions of North America as well as portions of Europe. Founded in 1996, Host.net is headquartered in Boca Raton, FL. Further information about Host.net is available at http://www.host.net.
With $790 million in assets under management, NOVACAP is one of Canada's leading private equity firms. Since 1981, its distinct partnership approach based on operational expertise has helped companies accelerate their growth and maximize their value. NOVACAP ranks among the top private equity firms in North America. For more information, please consult: http://www.novacap.ca.
About DH Capital:
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed over 100 M&A transactions and private capital placements totaling more than $4.5 billion in value. For more information on DH Capital, visit their website at http://www.dhcapital.com.
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