Zayo Group Attracts Managed Services Investment Dollars

Zayo Group Attracts Managed Services Investment Dollars

Zayo Group Managed ServicesDespite the recession, some managed service providers continue to attract investment dollars. One example: Zayo Group, which specializes in fiber-based network services and managed services, says it has raised $128 million in Series B funding. Here's a bit more about the company's financial performance, along with some tips on how you can track where IT investment dollars are flowing.

Within the Zayo press release, the Louisville, Colo.-based company reveals some key company metrics:

Zayo has multiple business focuses, but you can find details about its managed services effort here.

Despite Zayo's new funding, the overall IT investment market remains soft. CompTIA (the Computing Technology Industry Association) recently noted that IPOs (initial public offerings) and merger and acquisition activity dropped sharply in 2008 compared to 2007.

To track ongoing financial and M&A trends, check out:
  • Private Equity Hub, a great web site that can help you to see where investors are placing their financial invests. That's where I first spotted the Zayo news.
  • Our own MSPmentor M&A Tracker, which documents mergers and acquisitions across the managed services sector.

Let's Make A (Smaller) Deal

Meanwhile, I sense that most MSPmentor readers are looking for much more basic financial advice and guidance -- including tips for working with local credit unions. Stay tuned. We're working on some special content in that area.

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