IntelliBatt Secures $22 Million Equity Investment
IntelliBatt has announced that it is has secured a $22 million equity investment, led by Columbia Capital, with participation from CBC-Capital, private investors, and incoming executives. The capital will be used to fund the company's growth initiatives and expansion of the product line.
The company also announced Columbia's backing of two industry veterans, who will be responsible for driving the company's next stage of growth. The executive appointments include Tom Barton, new CEO, formerly the CEO of Rackable Systems, Inc., who previously held senior management positions at Red Hat and Cygnus Solutions; and Todd Ford, Co-CEO and COO, formerly President at Rackable Systems, Inc., CEO at FCC, Inc. and CFO at Noosh, Inc.
"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 Tom Barton, CEO. "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."
Patrick Hendy, a Partner at Columbia Capital, said, "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. We look forward to working with the management team to extend IntelliBatt's market leadership position."
Originally founded in 1992 under the name Data Power Monitoring Corporation or DPMC, IntelliBatt has successfully competed in the design, manufacturing and deployment of UPS and battery monitoring solutions, attracting major customers including Charles Schwab, Equinix, Digital Realty Trust and Savvis. IntelliBatt's industry-first NOC (Network Operations Center) provides 24 X 7 monitoring, data analysis and support. By predicting and preempting failure, IntelliBatt-monitored sites have a perfect 20-year track record of 100 percent battery uptime.
As members of the Executive Management Team, 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. "IntelliBatt's success has been built upon an unrelenting commitment to our customers and focusing on delivering products and services that ensure uptime," said Cotton. Brinck added, "With the combined team of IntelliBatt, Tom, Todd, Columbia Capital and CBC-Capital, we will be able to expand our core offerings to enable our customers to operate more facets of their infrastructure at optimum efficiency and reliability."