redIT Announces Investment by Cartesian Capital Group and Digital Realty
Investment will expand company's data center offerings in US and Mexico
SAN DIEGO, Aug. 21, 2013
SAN DIEGO, Aug. 21, 2013 /PRNewswire/ --redIT, a leader in secure, scalable
mission-critical managed IT services and connectivity, announced today that
Cartesian Capital Group and Digital Realty (NYSE:DLR) have made an investment
of $72 million in redIT's common stock.
The funds will allow redIT to accelerate its twin priorities of increasing its
physical infrastructure and strengthening its services and operational
capabilities. In particular, the funds will be used to expand the company's
data center operations throughout Mexico and the southwestern United States.
"We are delighted to have Digital Realty and Cartesian as our partners for the
next phase of redIT's rapid development," noted redIT's CEO Murray Case. "The
partnership means redIT will have all the resources necessary to expand our
world class services to our clients, including providing them with the
expertise behind Digital Realty's data centers. Moreover, our partnership
contemplates continuing to expand our exceptional new data center complex at
redIT.DataPark outside of Mexico City, and developing new data centers in
other Mexican cities."
Michael F. Foust, Digital Realty's CEO, further noted: "Mexico is a market of
immense potential and sophistication, and redIT is a natural partner as we
explore how best to participate in the region. We believe that Mexico City,
as the hemisphere's largest metropolitan region, deserves and requires a
state-of-the-art data center complex, and we are delighted to be redIT's
partner in developing redIT.DataPark. Looking forward, we are enthusiastic
about the continued development of world-class data centers in Mexico."
Paul Pizzani, a partner and co-founder of Cartesian, noted, "We were impressed
with redIT's 15 year history of profitable operation and growth, and the
unwavering commitment of Murray and his team to meeting the data and
connectivity needs of their clients. We are thrilled to be participating in
the next phase of redIT's development and look forward to facilitating its
expansion into new domestic and international markets."
redIT supports the global IT community with managed IT services, high-capacity
connectivity and data centers in the southwestern U.S. and Mexico. redIT
enables its clients to focus resources on what drives their competitive
advantage – not the distractions of owning and managing IT. redIT delivers an
IT strategy that's scalable and offers the lower total cost of ownership.
More information is available at www.redit.com.
Cartesian Capital Group is a global private equity firm that manages $2
billion in capital and has proven expertise in assisting closely-held
companies expand in domestic and international markets. Cartesian is based in
New York, with offices throughout the world.
About Digital Realty Trust
Digital Realty Trust, Inc. focuses on delivering customer driven data center
solutions by providing secure, reliable and cost effective facilities that
meet each customer's unique data center needs. Digital Realty's customers
include US and international companies across multiple industry verticals
ranging from information technology and Internet enterprises, to manufacturing
and financial services. Digital Realty's portfolio is located in 32 markets
throughout Europe, North America, Asia and Australia. Additional information
about Digital Realty is included in the Company Overview, which is available
on the Investors page of Digital Realty's website at
For further information:
Contact: David Oates
Contact: Ana Sanchez
+52 (55) 5063 8117
Director, Corporate Marketing
Digital Realty Trust, Inc.
+1 (415) 848-9354
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