Participated · Preferred · Apr 2020

TierPoint is a St. Louis-based provider of secure, connected data center and cloud solutions at the edge of the internet. Its product portfolio includes private, multitenant, managed hyperscale and hybrid cloud, plus colocation, disaster recovery, security, and other managed IT services. The company operates one of the largest and most geographically diversified U.S. footprints, with over 40 data centers in 20 markets and eight multitenant cloud pods connected by a coast-to-coast network. TierPoint serves thousands of clients across public and private sectors, from small businesses to Fortune 500 enterprises. Net proceeds from the recent transaction will be used to provide partial liquidity to other investors and to continue investing in the company’s network to fuel growth. The company is led by Chairman and CEO Jerry Kent. TierPoint is a St. Louis-based provider of secure, connected data center and cloud solutions at the edge of the internet. The company operates one of the largest customer bases in the industry, serving thousands of clients from the public and private sectors, including small businesses and Fortune 500 enterprises. TierPoint maintains a geographically diversified footprint of over 40 data centers in 20 markets and 8 multitenant cloud pods, connected by a coast-to-coast network. Its IT professionals offer a comprehensive portfolio including private, multitenant, managed hyperscale and hybrid cloud, colocation, disaster recovery, security, and other managed IT services. The company plans to use equity proceeds to strengthen its balance sheet and fund growth initiatives. No revenue or user metrics were disclosed in the article.