M&A Deal Summary

DataBank Acquires PivotData - data warehouse and compliance reporting solutions

On January 31, 2019, DataBank acquired information services company PivotData - data warehouse and compliance reporting solutions from PivotData

Acquisition Highlights
  • This is DataBank’s 1st transaction in the Information Services sector.
  • This is DataBank’s 4th transaction in the United States.
  • This is DataBank’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-01-31
Target PivotData - data warehouse and compliance reporting solutions
Sector Information Services
Buyer(s) DataBank
Sellers(s) PivotData
Deal Type Divestiture

Target

PivotData - data warehouse and compliance reporting solutions

Pittsburgh, Pennsylvania, United States
PivotData LLC - data warehouse and compliance reporting solutions provide clients with a reliable, cost-effective and timely regulatory reporting solution.

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Buyer(S) 1

Buyer

DataBank

Dallas, Texas, United States
Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

DataBank is a provider of an enterprise-class data center, cloud, and interconnection services, offering customers 100% uptime availability of data, applications, and infrastructure. DataBank’s managed data center services are anchored in world-class facilities. DataBank’s customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives.

DEAL STATS #
Overall 4 of 7
Sector (Information Services) 1 of 1
Type (Divestiture) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 4 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 LightBound

Indianapolis, Indiana, United States

LightBound LLC is a provider of Internet, voice, colocation, network, and IaaS cloud services. LightBound is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 DataBank Holdings - LightBound fiber/CLEC Assets

Indianapolis, Indiana, United States

DataBank Holdings Ltd. - LightBound fiber/CLEC Assets compromises a 200-plus-mile Indianapolis-based fiber network.

Sell -

Seller(S) 1

SELLER

PivotData

Alamo, California, United States
Category Company
Sector Information Services
DESCRIPTION

PivotData LLC is a developer of proven data warehouse and business intelligence (DW/BI) Solutions through a rigorous, hands-on data governance methodology for identifying the DW/BI needs of specific firms in the investment management industry.

DEAL STATS #
Overall 1 of 1
Sector (Information Services) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

Product

Company

Legal