Partners with Growth Focused Management Team to Secure Platform Company
HAWTHORNE, N.Y. and BOSTON – October 13, 2011 – ABRY Partners, LLC ("ABRY Partners") has completed its acquisition of Xand Corporation, a best-in-class facilities-based provider of managed data center infrastructure, private cloud, collocation, and business continuity services.
Data Center requirements in the northeast have grown exponentially in the last 5 years and are expected to continue at a rapid pace for several years. Xand has experienced solid growth and expansion by successfully addressing this demand and increasing its market share. With the significant resources of ABRY, that growth and expansion will continue. ABRY Partners, a private equity investment firm, has made several significant investments in the datacenter and communications space. "We believe Xand's steady growth-to-date, along with its high quality facilities, services, and employees constitute a strong and scalable platform. We look forward to partnering with the team in growing Xand's footprint and market presence." said Brian St. Jean of ABRY.
Partnering with ABRY in the acquisition of Xand are two successful executives who will drive Xand's growth initiatives. David Struwas has been named Chief Executive Officer and Robert J. DeSantis has been appointed Chief Financial Officer of the Company. Mr. Struwas and Mr. DeSantis, who will join the existing Xand team, are both highly accomplished senior executives who bring over 50 years of experience in building and growing communications and technology companies. Lee Weinstein, the prior President and owner of Xand Corporation, will remain involved with the business as a significant investor and serve on the Company's Board of Directors.
"Businesses are challenged with handling the expense and complexity of in-house IT functions and infrastructure, and are looking to outsource these activities while reducing operating and capital costs," Struwas said. "The breadth of knowledge and experience of the Company's management team positions Xand for a growth strategy through both acquisitions and new builds, while maintaining industry best customer service facilities and superior technical support". DeSantis added "With ABRY's financial support and industry experience and Xand's current operations as a platform, we are well positioned to make additional prudent investments to grow the business. As evidence of this, Xand has completed a recent large data center expansion bringing its total gross square footage to 90,000 and is in the process of securing an additional 50,000 square feet of data center space".
Founded in 1990, Xand is a highly resilient facilities-based provider of data center infrastructure, collocation, private cloud and business continuity services. Xand specializes in complete, end-to-end solutions including application and server hosting, data storage, systems engineering, network operations, Internet connectivity, and business continuity workspace. Its pristine, state-of-the-art Data Center is headquartered in Westchester County, NY, 30 miles north of NYC. Xand supplies and maintains the best-in-class infrastructure, engineering expertise, and customer service needed to deliver superior performance, availability and security for mission-critical business solutions. For more information visit www.xand.com.
About ABRY Partners
Founded in 1989, ABRY is one of the most experienced and successful media, communications, and business information services sector-focused private equity investment firms in North America. ABRY has completed over $27 billion of transactions, representing investments in more than 450 properties. The firm is currently managing over $3.5 billion of total capital and investing out of a $1.6 billion private equity fund, $750 million senior equity/mezzanine fund and a $1.2 billion senior debt fund. ABRY has extensive data center investing experience, having completed over $1.5 billion of transactions and investments in data center & communications companies such as CyrusOne, Hosted Solutions, Datapipe, Telx, Masergy, Q9 Networks and Sentrum Holdings. For more information visit www.abry.com.