DataBank, a provider of enterprise-grade data center, cloud, and interconnection services, has acquired Edge Hosting – a company designing and operating secured and compliant IaaS and PaaS managed cloud hosting solutions and headquartered in Baltimore, Maryland. Financial terms of the acquisition were not disclosed.
The acquisition would provide DataBank both market expansion and additional expertise in the delivery of cloud solutions and managed services, especially for clientele requiring comprehensive operational controls for a number of commercial and government compliance standards.
Edge Hosting would deliver comprehensive operational coverage of controls for FedRAMP, HIPAA, PCI, SSAE 16 SOC 2 Type 2 and EU Privacy Shield Framework. Edge’s services include Compliance Architecture & Audit Support, Cloud Migration & Design, AWS Managed Services, and Secure Federal/Healthcare Hybrid Clouds.
“Edge has built a great reputation for superior technical capabilities and proactive managed services throughout the industry,” said Raul K. Martynek, CEO of DataBank. “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.”
In addition, Edge Hosting offers a portal that includes real time analytics on performance, advanced security controls, and compliance. These strategic capabilities would augment DataBank service offerings across the company’s national footprint.
New CTO
“DataBank is force-multiplier for us,” said Vlad Friedman, CEO of Edge Hosting. “The diverse client-base of large enterprise accounts, a large national footprint of top-tier data center facilities, and the complementary skillset of their engineering and support staff, opens new doors for the Edge team and our customers. I am very excited about the direction and scale we’ll be able to achieve together.” Vlad Friedman will transition to become the Chief Technology Officer (CTO) of DataBank and lead 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 while 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.
