IntelliBatt Gets $22 Million in Funding, New CEOs
July 18th, 2012 By: Rich Miller
IntelliBatt, which provides batteries, cabinets and monitoring technology for data center UPS systems, has secured a $22 million equity investment led by Columbia Capital, with participation from CBC-Capital, private investors, and incoming executives. The money will be used to fund the company’s growth initiatives and expansion of the product line.
The company also announced that two veterans of Rackable Systems will share the CEO duties. They include former Rackable CEO Tom Barton, who also held senior management positions at Red Hat and Cygnus Solutions, and former Rackable President Todd Ford, who will serve as co-CEO and COO at IntelliBatt.
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.
Founded in 1992 as Data Power Monitoring Corporation, IntelliBatt’s UPS and battery monitoring solutions are used by customers including Charles Schwab, Equinix, Digital Realty Trust, Savvis, Latisys, ViaWest and NaviSite.
“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 Barton. “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.”
“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,” said Patrick Hendy, a Partner at Columbia Capital. “We look forward to working with the management team to extend IntelliBatt’s market leadership position.”