DataPipe Recognized for Strong Growth
November 19th, 2008 By: Rich Miller
Managed hosting provider DataPipe has been recognized as one of the fastest-growing companies in New Jersey. The Jersey City company earned the 15th spot on this year’s list of New Jersey’s 50 fastest growing private companies compiled by NJBIZ magazine.
“DataPipe’s continued drive for excellence has allowed them to achieve a consistent yearly growth rate and profitability over the last three years, clearly demonstrating how vital they are to this state’s economy,” said Thomas Curtin, Publisher of NJBIZ.
The NJBIZ rankings are based on revenue growth from 2005-2007. NJBIZ collects the data from the companies to compile the rankings, but does not publish the revenue info. DataPipe doesn’t publish its financial information, but says the company “continues to experience consistent growth.”
“In light of today’s challenging business climate, (the NJBIZ ranking) is an especially significant achievement,” said Robb Allen, CEO of DataPipe. “Our continued growth is a direct result of the hard work and dedication of our people and our consistent focus on delivering high value managed services that improve our clients’ return on their IT investments.”
In July DataPipe secured $75 millionin combined credit and equity financing led by Goldman Sachs. DataPipe will use the money to immediately begin an expansion of its Somerset, New Jersey data center campus, which has room for another 60,000 square feet of space. DataPipe is also pursuing significant expansion opportunities in London and China, according to Allen.