Seaport Capital Invests in NJ's Net Access

New Jersey's Net Access has received a strategic investment led by Seaport Capital, a private equity firm with extensive experience in the data center sector.

Private equity firms continue to invest in regional data center companies providing managed services. In the latest deal, New Jersey's Net Access has received a strategic investment led by Seaport Capital, a private equity firm with extensive experience in the data center sector.

Net Access, founded in 1995, provides colocation and managed hosting services from three data centers in northern New Jersey, including a new facility opened in 2011 in Parsippany. New Jersey has been an active market for data center and hosting activity, with demand from the financial services and pharmaceutical industries.

"Our industry still has a huge amount of growth ahead of it," said Net Access CEO and co-founder Blake Ellman. "Net Access has ambitious plans in the coming years and I look forward to working with the Seaport team to achieve our goals."

"Seaport was one of the few investors that really understood the technology in our industry and was prepared to make the investments for long term growth," said Net Access CTO and co-founder Alex Rubenstein.

Seaport Capital was previously an investor in Switch & Data, Peak 10 and Voxel, and currently operates American Internet Services of San Diego.

"Net Access has a long history of providing flexible solutions and great customer service which has resulted in a very loyal and fast growing customer base," said Jim Collis, a Partner in Seaport Capital. "The company's new state-of-the-art data center in Parsippany positions Net Access well for continued growth. Seaport has a long track record of successfully investing in businesses like Net Access. With nearly 100% of monthly revenues recurring from a large installed base of customers, the company's profitability is predictable and has strong growth characteristics."

DH Capital, the Company's New York-based investment banking partner, advised Net Access on the investment.

"Matching Net Access with Seaport Capital is a terrific outcome for the Company and its customers," said DH Capital Partner Adam Lewis. "Seaport's extensive understanding of the colocation and managed hosting market and previous investment experience in the sector will add tremendous value to Net Access as it capitalizes on the existing market opportunity for the company's products and services."

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.