{"id":3834,"date":"2020-03-25T10:14:16","date_gmt":"2020-03-25T14:14:16","guid":{"rendered":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/?p=3834"},"modified":"2020-03-25T10:14:32","modified_gmt":"2020-03-25T14:14:32","slug":"tierpoint-earns-320-million-from-team-of-investors","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/","title":{"rendered":"TierPoint Earns $320 Million From Team of Investors"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3835\" src=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2020\/03\/TierPoint-Earns-320-Million-From-Team-of-Investors.jpg\" alt=\"TierPoint Earns $320 Million From Team of Investors\" width=\"800\" height=\"400\" \/>TierPoint <\/span><a href=\"https:\/\/www.tierpoint.com\/tierpoint-raises-320-million-from-consortium-of-investors\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">has announced<\/span><\/a><span style=\"font-weight: 400\"> that it has reached an agreement that will result in new, preferred equity investments totaling $320 million. The company expects these investments to be closed and funded by mid-April. <\/span><a href=\"https:\/\/www.tierpoint.com\/\"><span style=\"font-weight: 400\">TierPoint <\/span><\/a><span style=\"font-weight: 400\">provides secure, connected data center and cloud solutions at the edge of the internet.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"box box3\"><\/span><span style=\"font-weight: 400;color: #000000\">Our<\/span> <a href=\"https:\/\/bit.ly\/2GkGfhp\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span style=\"font-weight: 400\">Buyer\u2019s Guide for Backup and Disaster Recovery<\/span><\/i><\/a> <span style=\"font-weight: 400;color: #000000\">helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.<\/span><span style=\"font-weight: 400\"><\/div><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">This past year, TierPoint <\/span><a href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-launches-cloud-to-cloud-recovery-powered-by-nutanix\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">released<\/span><\/a><span style=\"font-weight: 400\"> Cloud to Cloud Recovery powered by <\/span><a href=\"https:\/\/www.nutanix.com\/en\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Nutanix<\/span><\/a><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">This new service provides a cost-effective method to leverage Nutanix technologies for replication and disaster recovery orchestration with a TierPoint-managed Hosted Private Cloud in the recovery environment. The provider\u2019s Disaster Recovery as a Service combines features such as replication, cloud, and virtualization technologies, delivering a comprehensive solution that provides the capabilities needed to ensure critical data and applications are safe and secure. The vendor also owns over 40 data centers within 20 markets and 8 multi-tenant cloud pods, all connected via a coast-to-coast network.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The $320 million of preferred equity is led by a consortium of new investors: Argo Infrastructure Partners, Wafra, and Macquarie Capital Principal Finance. Existing investors, including Cequel III, Ontario Teachers\u2019 Pension Plan, RedBird Capital Partners, The Stephens Group, and Thompson Street Capital Partners will also participate.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In a press statement, TierPoint\u2019s Chairman and CEO, Jerry Kent said, \u201cthis investment agreement was reached in what we all know is a very challenging environment. That\u2019s a testament to the strong performance TierPoint has already achieved and our prospects for continued growth. Our business has tremendous momentum. In the last two years, we\u2019ve increased sales bookings by 26 percent and the first quarter of 2020 will be another outstanding growth period.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Our team of world-class technology professionals are diligently focused on providing exceptional client service, with a compelling hybrid IT strategy and comprehensive suite of market-leading infrastructure solutions that are in high demand. We\u2019re also in a unique position to help our customers navigate the current crisis. We have a very strong balance sheet, with significantly reduced leverage and improved liquidity, an infusion of growth capital, and we believe, a long runway of growth ahead of us, as we continue to invest in our services, infrastructure, and people.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Learn more about <\/span><a href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-launches-cloud-to-cloud-recovery-with-vmware-cloud-availability\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">TierPoint.<\/span><\/a><\/p>\n<div class=\"hr hr\"><\/div>\n<p><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"speedbump-3\" href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/data-protection-vendor-map\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" title=\"Data Protection Vendor Map\" src=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2020\/02\/DP_VM_SB_800.jpg\" alt=\"Download Link to Data Protection Vendor Map\" width=\"800\" height=\"100\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TierPoint has announced that it has reached an agreement that will result in new, preferred equity investments totaling $320 million. The company expects these investments to be closed and funded by mid-April. TierPoint provides secure, connected data center and cloud solutions at the edge of the internet. This past year, TierPoint released Cloud to Cloud [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[824,421,387],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TierPoint Earns $320 Million From Team of Investors<\/title>\n<meta name=\"description\" content=\"TierPoint has announced that it has reached an agreement that will result in new, preferred equity investments totaling $320 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tess Hanna\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/\",\"url\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/\",\"name\":\"TierPoint Earns $320 Million From Team of Investors\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2020\/03\/TierPoint-Earns-320-Million-From-Team-of-Investors.jpg\",\"datePublished\":\"2020-03-25T14:14:16+00:00\",\"dateModified\":\"2020-03-25T14:14:32+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/#\/schema\/person\/1915d169a2244d0703ac9749676fe5cd\"},\"description\":\"TierPoint has announced that it has reached an agreement that will result in new, preferred equity investments totaling $320 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2020\/03\/TierPoint-Earns-320-Million-From-Team-of-Investors.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2020\/03\/TierPoint-Earns-320-Million-From-Team-of-Investors.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/tierpoint-earns-320-million-from-team-of-investors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TierPoint Earns $320 Million From Team of Investors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/#website\",\"url\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/\",\"name\":\"Backup and Disaster Recovery | Solutions Review\",\"description\":\"BDR Software Evaluation: Ransomware Recovery, Cloud Backup &amp; 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