QualityTech: $150 Million for Managed Services Push
Here’s an endorsement for the managed services sector: private equity firm General Atlantic has announced plans to invest $150 million into Quality Technology Service to help grow that company’s managed services offering. Here are some quick details.
QualityTech, based in Suwanee, Ga., offers a range of services including operating systems management, cloud computing services, managed storage, network security services, monitoring and service management. On the cloud side, the company provides its Quality Virtualized Infrastructure hosting platform in conjunction with vendors such as Cisco, IBM, EMC and VMware.
According to QualityTech, General Atlantic’s investment “will be used to grow existing and new data centers and continue development of the managed services platform.”
QualityTech operates data centers in New York, New Jersey, Florida, Georgia, and Silicon Valley.
As part of the deal, Philip Trahanas and William Grabe, both managing directors at General Atlantic, will join QualityTech’s board of directors. Both have experience in the IT services sector.
Trahanas is on the board of SYS Technologies, which provides systems integration services to military and other government customers. He also served as an observer on SRA International’s board. General Atlantic was a pre-IPO investor in SRA, a government systems integrator.
Grabe, meanwhile, serves on the boards of Patni Computer Systems, another General Atlantic portfolio company, and Compuware, a software and services firm.
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