CoSentry.net Acquired by TA Associates

CoSentry.net LLC, a data center, cloud computing, and managed service provider, has been acquired by private equity firm TA Associates from McCarthy Capital and Waitt.

The current management team led by CEO Mike Steffan will continue to operate CoSentry and has retained a material ownership interest in the company.

Founded in 2000 through a partnership with management and Waitt, CoSentry provides technology solutions such as secure data centers, and disaster-recovery services, and colocation and managed Internet services from its facilities in Kansas City, MO; Sioux Falls, SD; Papillion, NE; and Omaha, NE.

FinSMEs

27/10/2011

One comment

  • According to a written statement, CIT Group Inc. (NYSE: CIT), a provider of financing to small businesses and middle market companies, provided a senior secured credit facility to TA Associates, to facilitate its acquisition of CoSentry.
    Terms of the transaction were not disclosed.

    FinSMEs

    09/12/2011

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