Quality Technology Services, a provider of data centre facilities and managed services, has entered into an investment partnership with global growth investor General Atlantic.
Under terms of the partnership, GA will invest USD150m into QualityTech.
The investment will be used to grow existing and new data centres and continue development of the managed services platform.
“Our new partnership with General Atlantic, one of the world’s largest growth equity investors, directly supports QualityTech’s longstanding singular focus on strategically expanding our nationwide data center footprint and service offerings,” says Chad Williams (pictured), chairman and chief executive of QualityTech. “GA has deep experience in the business services and technology sector, a proven track record as a long-term growth partner, and shares our commitment to offering our customers the best data center solutions the industry has to offer.”
"Rapid and secure access to scalable technology infrastructure is a key requirement for growth companies across industries, and the need for world-class managed services will only continue to grow as businesses increasingly adopt cloud computing technologies. QualityTech is a leader in this market segment, providing operational excellence and a nationwide footprint of best in class data centres,” says Philip P. Trahanas, a managing director at GA. "We are very excited about the opportunities that our new partnership creates and look forward to working with QualityTech’s management team as it continues to execute on its long-term strategic objectives."
