SAN FRANCISCO, CA, Leading provider of UPS and Battery Monitoring Systems and Services announced that it is has secured a $22 million equity investment, led by Columbia Capital.
Datacenter Dynamics Converged -- IntelliBatt, the leading provider of UPS and Battery Monitoring Systems and Services that ensure mission critical power for data centers and commercial operations, today announced that it is has secured a $22 million equity investment, led by Columbia Capital, with participation from CBC-Capital, private investors, and incoming executives. The capital will be used to fund the company's growth initiatives and expansion of the product line.
The company also announced Columbia's backing of two industry veterans, who will be responsible for driving the company's next stage of growth. The executive appointments include Tom Barton, new CEO, formerly the CEO of Rackable Systems, Inc., who previously held senior management positions at Red Hat and Cygnus Solutions; and Todd Ford, Co-CEO and COO, formerly President at Rackable Systems, Inc., CEO at FCC, Inc. and CFO at Noosh, Inc.
"IntelliBatt's critical power monitoring platform and reputation as a trusted advisor, have led many of the worlds' largest data center operators to standardize on one or more of the company's offerings," said Tom Barton, CEO. "Together, with the existing strong management team and the global reach of our investors, we see a winning combination to aggressively grow the company through international expansion and ongoing product development."
Patrick Hendy, a Partner at Columbia Capital, said, "We have been looking for a long time for the right combination of people, products and services, relationships and expertise to build what we believe will be a truly world-class provider of critical monitoring and asset management services for the data center, telecom and cloud-based segments. We look forward to working with the management team to extend IntelliBatt's market leadership position."
Originally founded in 1992 under the name Data Power Monitoring Corporation or DPMC, IntelliBatt has successfully competed in the design, manufacturing and deployment of UPS and battery monitoring solutions, attracting major customers including Charles Schwab, Equinix, Digital Realty Trust and Savvis. IntelliBatt's industry-first NOC (Network Operations Center) provides 24 X 7 monitoring, data analysis and support. By predicting and preempting failure, IntelliBatt-monitored sites have a perfect 20-year track record of 100% battery uptime.
As members of the Executive Management Team, IntelliBatt founders Steve Cotton and Mike Brinck will maintain active roles in the day-to-day operations of the company as Executive Chairman and President respectively. "IntelliBatt's success has been built upon an unrelenting commitment to our customers and focusing on delivering products and services that ensure uptime," said Cotton. Brinck added, "With the combined team of IntelliBatt, Tom, Todd, Columbia Capital and CBC-Capital, we will be able to expand our core offerings to enable our customers to operate more facets of their infrastructure at optimum efficiency and reliability."
IntelliBatt, LLC, is a privately held, full-service solutions provider serving global markets with UPS and Battery Monitoring Systems and predictive services that ensure mission critical power for data centers and commercial operations. IntelliBatt is committed to supporting best practices in the UPS and battery backup marketplace and expanding into new markets and applications of battery technology. Originally founded in 1992 under the name Data Power Monitoring Corporation or DPMC by battery industry veterans, IntelliBatt is headquartered in San Rafael, California. Visit www.intellibatt.com
for more information.
About Columbia Capital
Columbia Capital is a venture capital firm based in Alexandria, VA. Since 1989, Columbia has been partnering with top executives to help build some of the leading communications and technology services companies and to deliver top quartile returns to its investors. Over the years, Columbia has invested in over 150 companies, many of which redefined or created new industries, including Nextel Communications, MetroPCS, XM Satellite Radio, ICG Communications, Adjoined Consulting, Presidio Networked Solutions, Zayo Bandwidth, and Millennial Media. The firm currently has approximately $2.5 billion of assets under management and is actively investing its fifth fund, which has total commitments of $440 million. For more information, visit www.colcap.com.
CBC is a China-based private equity firm with focus on media and communications investment. Since its foundation in 2006, CBC has won the reputation as one of the most influential investors in telecom, Internet, broadband, media and technology sectors in China. CBC has an exceptional investment team with complementary backgrounds and experiences consisting of industry leaders and executives, private equity professionals and entrepreneurs. The unique combination of diversified skill sets, experiences and relationships enables CBC to add value throughout the investment process, and places CBC in the best position to help shape the "Digital Eco-System" for China. For more information, visit www.cbc-capital.com