Wednesday, January 2, 2008

Managed Data Holdings Acquires Colocation Provider

Irvine-based Managed Data Holdings, a provider of Internet colocation and web hosting services, said today that it has acquired Denver-based Data393. Managed Data, which is backed by Great Hill Partners and Catalyst Investors, did not disclose financial details on the acquisition. Data393 provides managed hosting, colocation and IT infrastructure. Managed Data Holdings also operates Intelenet Communications, which is based in Irvine. According to Managed Data, the acquisition gives it a raised-floor capacity in excess of 60,000 square feet.