DataBank, a provider of enterprise-class data center, connectivity and managed services, recently announced the acquisition of LightBound, an Indianapolis-based provider of colocation, Internet, voice, network and cloud services. LightBound operates two enterprise-class data centers located in the downtown Indy Telecom Center, the most densely interconnected location in the city. LightBound will add 73,000 gross square feet of colocation space and 9.5MW of installed UPS power to the DataBank portfolio.
Founded in 1994, LightBound serves the enterprises in the Indianapolis area, with a list of clients across healthcare, government, finance, manufacturing, cloud and technology. With the acquisition of LightBound, DataBank will operate 17 data centers in 9 US markets, including Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, Baltimore, Atlanta, and Indianapolis.
“We are excited about expanding our presence to the Indianapolis market,” commented Raul K. Martynek, CEO, DataBank. “LightBound has built a fantastic customer service reputation in the region as a trusted infrastructure provider. We look forward to combining LightBound’s strength in colocation, connectivity and managed services with DataBank’s broad product offering and national footprint.”
“Joining DataBank is an outstanding opportunity for LightBound, its employees and customers,” said Jack Carr, CEO, LightBound. “DataBank’s customer-centric approach is the reason we choose to combine with their team and be able to expand our offering and geographic footprint.”
Jack Carr will continue with DataBank and lead efforts to expand the customer base and data center portfolio in the Indianapolis market.
Cowen and Company, LLC served as exclusive financial advisor to LightBound in connection with this transaction and Barnes & Thornburg, LLP acted as legal advisor. Jones Day acted as lead M&A counsel and Ernest and Young LLP served as accounting advisor to DataBank.
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Edited by Ken Briodagh