Cervalis LLC, a Shelton, CT-based provider of IT infrastructure solutions including business continuity and rapid recovery, managed hosting and co-location, closed a preferred equity investment from Goldman Sachs.
The company will use the proceeds from the investment to accelerate its data center expansion in existing and new markets. Cervalis has recently opened a brand new 150,000 sq. ft. data center facility in Northern New Jersey.
Commenting on the financing, Michael Boccardi, CEO of the company, said: “The partnership with Goldman Sachs provides us with growth capital to accelerate our strategic expansion plans.
“Additionally as a company, going forward we will have the benefit of Goldman’s broad industry experience in this sector to help guide us in fulfilling our long-term objectives for all our shareholders”.
DH Capital, LLC, an investment banking firm serving the Internet infrastructure and communications sectors, acted as exclusive financial advisor to Cervalis on the transaction.
FinSMEs
10/09/2010