Connectria, a supplier of multi-cloud infrastructure and managed hosting solutions supporting mission-critical workloads for over 400 clients, will be acquired by LightEdge, a company that has been providing secured cloud and colocation services for almost thirty years. The acquisition’s financial specifics were not made public.
Founded in 1996, Connectria is a managed cloud service provider focused on handling complex multi-cloud setups. Wirth its headquarters in St. Louis, Missouri, Connectria offers a full range of cloud hosting solutions that are designed to satisfy the various requirements of companies all over the globe. The managed cloud service provider supports a wide range of sectors, including e-commerce, banking, and healthcare, with a focus on security, reliability, and compliance.
LightEdge’s current footprint of 12 highly interconnected facilities, spread across eight U.S. markets, is expanded by six data center sites thanks to the Connectria acquisition. It’s the most recent example of LightEdge’s expanding position in the data center services and cloud infrastructure industry. It is the company’s fourth since GI Partners’ investment in 2021. By the end of April, it is anticipated that the deal will have been finalized.
“With this acquisition, LightEdge becomes one of the only secure and compliant infrastructure providers in the U.S. offering both hybrid colocation and tailored multi-cloud solutions,” said Jim Masterson, CEO at LightEdge. “The acquisition of Connectria unites two extraordinarily skilled and diversified teams, as well as two extremely complementary product suites, regions, and customer bases, and expands LightEdge’s colocation and private cloud offering into public cloud services. In light of our expectations that this acquisition would further improve our customers’ experiences, maintaining our high standard of service for both current and potential clients while smoothly merging the two businesses is our first focus.”
IBM and Public Cloud Capabilities
LightEdge’s capabilities in providing corporate cloud, colocation, connectivity, and improved network security would be reinforced by Connectria’s extensive expertise in hosting public clouds like IBM, AWS, and Microsoft Azure.
Connectria CEO Amar Patel stated that LightEdge is an ideal match for Connectria. He emphasized, “Both LightEdge and Connectria have demonstrated success and rapid growth as innovators prioritizing security in their offerings. Additionally, both companies are recognized for their robust corporate cultures, employee involvement, empowerment, and strong relationships with customers and suppliers.”
Xiao Tsai, Director of GI Partners, expressed enthusiasm about backing LightEdge’s ongoing expansion, both geographically and through expanded product offerings, and through the collaboration of their exceptional teams. Mr. Tsai emphasized, “Connectria’s IBM and public cloud capabilities offer LightEdge promising pathways for future growth.”
Private investment firm GI Partners was established in 2001 and now employs over 150 people. Its offices are located in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, London, and Dallas. The company has raised more than $43 billion in money and uses its methods in data infrastructure, real estate, and private equity to make investments on behalf of top institutional investors globally.
The private equity group mostly funds businesses in the software, services, and healthcare industries. Technology and life sciences assets, together with other specialist real estate types, are the primary emphasis of the real estate strategy. The hard asset infrastructure companies that support the digital economy are the main focus of the data infrastructure team’s investments.
