Thursday, October 19, 2017

DataBank reinforces compliance portfolio with new acquisition

Transaction follows on from the company’s ambitious plan to deploy micro data centres at the base of communication towers.

Digital Bridge’s subsidiary DataBank has acquired edge computing company Edge Hosting expanding both market reach and portfolio around cloud and managed services.

Founded in 1998, Baltimore-based Edge Hosting designs and operates IaaS and PaaS Managed Cloud Hosting environments and delivers operational coverage of controls for FedRAMP, HIPAA/HITECH, PCI, SSAE 16/18 SOC 2 Type II and EU Privacy Shield Frameworks.

In addition, Edge Hosting also offers a portal that includes real time analytics on performance, advanced security controls, and compliance.

DataBank said these “strategic capabilities” will augment the company’s service offerings across the company’s national footprint.

Raul K. Martynek, CEO of DataBank, said: “Edge has built a great reputation for superior technical capabilities and proactive managed services throughout the industry.

“Having known the business for many years, it was obvious that there were some incredible synergies between the two companies. We plan to leverage the Edge team’s technical and process expertise to enhance our current managed service offerings, nationwide.”

Vlad Friedman, CEO of Edge Hosting, said: “The diverse client-base of large enterprise accounts, a large national footprint of top-tier data centre facilities, and the complementary skillset of their engineering and support staff, opens new doors for the Edge team and our customers.”

Friedman will transition to become the Chief Technology Officer of DataBank and oversee product development and the technical roadmap for the combined company.

DataBank operates data centers in Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, and Atlanta.

DH Capital served as exclusive financial advisor for Edge Hosting and DLA Piper LLP acted as legal advisor to Edge Hosting in connection with the transaction. Jones Day acted as lead M&A counsel, Kleinbard LLC acted as investment structure counsel, and Ernst and Young LLP served as accounting advisor to DataBank.