M&A Deal Summary

LightEdge Solutions Acquires Cavern Technologies

On September 22, 2021, LightEdge Solutions acquired information technology company Cavern Technologies

Acquisition Highlights
  • This is LightEdge Solutions’ 1st transaction in the Information Technology sector.
  • This is LightEdge Solutions’ 2nd transaction in the United States.
  • This is LightEdge Solutions’ 1st transaction in Kansas.

M&A Deal Summary
Date 2021-09-22
Target Cavern Technologies
Sector Information Technology
Buyer(s) LightEdge Solutions
Deal Type Add-on Acquisition

Target

Cavern Technologies

Lenexa, Kansas, United States
Cavern Technologies is a provider of customized private data center suites and network/cloud connectivity solutions that enable enterprise clients' hybrid-IT ecosystems. The company is designed to meet the specialized power, cooling, security, and connectivity requirements companies need to support their mission-critical business processes. Cavern holds several certifications, including SSAE 18 SOC 1 Type 2, SOC 2 Type 2, PCI and HIPAA. It provides clients with a value proposition focused on minimizing the total cost of ownership of their data center, interconnection and hybrid-IT needs. Cavern Technologies was formed in 2007 and is based in Lenexa, Kansas.

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Buyer(S) 1

Buyer

LightEdge Solutions

Des Moines, Iowa, United States
Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

LightEdge Solutions is an IT service management company and provider of compliant hosting, cloud computing, data protection, and colocation services. LightEdge Solutions was founded in 1996 and is based in Des Moines, Iowa.

DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Kansas) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 OnRamp Access

Austin, Texas, United States

OnRamp Access is a provider of Internet operations support and data center services in the Central Texas market. OnRamp Access was founded in 1994 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 NFINIT

San Diego, California, United States

NFINIT provides co-location and managed services to enterprises and information technology businesses in the Western United States. Serving hundreds of customers from our home base in San Diego, NFINIT fulfills clients’ technology roadmap with best-in-breed solutions and expert, consultative support. NFINIT was founded in 1989 and is based in San Diego, California.

Buy -
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