Menlo Park, CA — (August 19, 2014) —Accel‐KKR, a technology‐focused private equity investment firm, today announced that its portfolio company, Layered Technologies (”Layered Tech”) has merged with Datapipe, a leader in compliant cloud and managed services. As part of the transaction, Accel‐KKR will have a seat on the Datapipe board of directors. Financial details were not disclosed.
The acquisition of Layered Tech , a leading global provider of secure cloud and compliant hosting solutions, will fuel Datapipe’s continued growth and leadership in delivering secure and compliant managed cloud services, as well as Datapipe’s expansion into the Government sector with FISMA and FedRamp compliant Federal cloud offerings. The acquisition of Layered Tech will also expand Datapipe’s data center presence through additional locations in Kansas City, Missouri and Denver, Colorado and Dallas, Texas.
Bruce Chatterley, CEO of Layered Tech, said, “The combination of Layered Tech and Datapipe represents an important transaction in the cloud and managed services space. We believe the combined business will be uniquely positioned to provide differentiated value to customers and deliver industry leading offerings. We have truly enjoyed working closely with the team at Accel‐KKR. They have been great partners in helping the Layered Tech team build our business and navigate this process.”
Ben Bisconti, Managing Director of Accel‐KKR, said, “It has been a pleasure to work with Bruce, Kurt and the rest of the team at Layered Tech to build a leader in the cloud and managed services market. We are pleased, also, to have the opportunity to work with Robb Allen and the team at Datapipe as they extend their track record of success. Datapipe is an outstanding company and, with the acquisition of Layered Tech, is exceptionally well‐positioned to continue to grow and build on its leadership position. Accel‐KKR is delighted to be participating in Datapipe’s next phase of growth.”
About Accel‐KKR
Accel‐KKR is a technology‐focused private equity firm with over $2.5 billion in capital under management. The firm invests primarily in software and IT‐enabled businesses well positioned for top‐line and bottom‐line growth. At the core of Accel‐KKR`s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel‐KKR network. Accel‐KKR focuses on middle market companies, providing capital for buyouts and growth investments across a range of opportunities including recapitalizations, divisional carve‐outs and going private transactions.
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