Involta, LLC, a Cedar Rapids, IA-based managed IT, cloud computing and data center services company, raised a $50m equity financing round.
The round was led by M/C Partners with participation from Morgan Stanley Alternative Investment Partners.
The company intends to use the funds to make strategic acquisitions, provide shareholder liquidity, and support its growth in offering colocation and managed services throughout the country.
Founded in 2007 and led by Bruce Lehrman, CE=, Involta builds, owns, and operates multi-tenant data centers providing related cloud, technical and managed technical services throughout the United States. It recently launched Involta CompliantCloudSM services platform, comprising infrastructure, storage, network and backup and recovery services housed in its world-class data center facilities.
The company operates eight world-class facilities in Iowa, Ohio, Minnesota, Idaho and Arizona.