Expedient had previously been focused primarily in the Northeast and Central U.S., with its 11 fully managed data center locations, complemented by several other strategically located partner facilities. AMP Capital has made its largest infrastructure equity investment in the US with the acquisition of a half-a-billion-dollar cloud computing and data centre services company. Pittsburgh, PA – 21 October 2019 – Expedient, a leading cloud computing and data center infrastructure as a service (IaaS) provider, today announced that global investment management firm AMP Capital, has agreed to acquire the company from its current parent, Landmark Media Enterprises, LLC. AMP Capital has a heritage and strength in real estate and infrastructure, and experience in fixed income, equities and multi-asset solutions.

“We have been seeking the right investment globally through which to enter this highly attractive sector. With access to additional capital sources and flexible financing, we stand ready to accelerate the expansion of Expedient Enterprise Cloud solutions to new markets and to offer our loyal clients an even more robust suite of Infrastructure as a Service solutions.”.

Named VMware’s Americas Cloud Partner of the Year, Expedient’s solutions and services ease clients’ transition to the cloud, enabling them to focus on strategic business innovation while the Expedient team handles operation of the information technology needed to support it. “Increasing IP traffic, the growing complexity and capital intensity of managing in-house infrastructure, and evolving regulatory requirements are driving demand in the outsourced cloud and data centre space.”, The investment is being made for AMP Capital Infrastructure Debt Fund III, AMP Capital Infrastructure Debt Fund III provides financing to Neoen, Texas Permanent approves $60m to a fund called Blackstone BioMed Life Science Real Estate, Copyright © 1997–2020 IPE International Publishers Limited, Registered in England, Reg No.

Expedient Secures New Investment Sponsor, AMP Capital, to Fund Continued Growth and Expansion of its Data Center and Enterprise Cloud Platforms PR Newswire October 21, 2019 Clients, vendors, partners and other stakeholders, will notice no material changes in their relationships with the company and should expect ongoing excellence as ownership transitions.

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“Expedient represents a significant additional investment in the US communications infrastructure space following our acquisition of Everstream, a Cleveland-based fiber provider, in 2018.”. Company ; Careers ; Partners ; Blog ; Press ; Contact Us ; What We Do. "Expedient is a wonderful story and has been a highly valued growth asset in the Landmark family of businesses. An Australian investment firm, AMP Capital, has acquired Expedient from its current investor, Landmark Media Enterprises LLC. Expedient is an Infrastructure-as-a-Service business focused on colocation, cloud, managed services and networks with a base of over 1,200 customers. There are no operational changes planned as part of this transaction; the senior management team of Expedient will continue in their current capacities.

Cision Distribution 888-776-0942 Copyright © 2020 Pennsylvania Business Report. The acquisition, which was first announced in October 2019, was completed on December 2 following customary closing conditions.

Named VMware's Americas Cloud Partner of the Year and acknowledged in Gartner's Magic Quadrant for Disaster Recovery as a Service, Expedient's solutions and services ease clients' transition to the cloud, enabling them to focus on strategic business innovation while the Expedient team handles operation of the information technology needed to support it.

Expedient acquired by AMP Capital Investors . AMP Capital has a long-term point of view about the business, very similar to Landmark’s.

Expedient is an Infrastructure-as-a-Service business focused on colocation, cloud, managed services and networks with a base of over 1,200 customers. An Australian investment firm, AMP Capital, has acquired Expedient from its current investor, Landmark Media Enterprises LLC. How Marcellus Shale drillers are faring in challenging times. Thank you!

AMP Capital has a long-term point of view about the business, very similar to Landmark’s,” said Shawn McGorry, CEO of Expedient. AMP Capital has a heritage and strength in real estate and infrastructure, and experience in fixed income, equities and multi-asset solutions.

We are delighted to have found a partner in this transaction, AMP Capital, that wanted the Expedient team to continue building a great business by offering differentiated solutions to its diverse client base,” said Charlie Watkins, Landmark CEO and former Expedient Chairman. Service Organization Control (SOC) reports are published annually for all locations.

”Its attractive growth prospects, supported by industry trends, supplement its stable revenues and strong cash flow generation.”. The companies did not disclose the price of the acquisition, but a company spokesperson confirmed to DCD that the deal is worth in excess of $500m, which would make it AMP Capital’s largest equity investment in the US. Simon Ellis, partner, head of Americas infrastructure equity at AMP Capital said: “Expedient offers a fully integrated, scalable platform with embedded growth capacity.

Matt Evans, partner, global head of AMP communications, infrastructure equity, said this investment is AMP Capital’s first data centre/Infrastructure as a service acquisition.

The global investment manager said, on behalf of its global infrastructure equity strategy, it has acquired Expedient from Landmark Media Enterprises. Announced Date Oct 21, 2019; Stay Connected. Its majority shareholder is AMP Limited, which was established in 1849, and is one of Australia's largest retail and corporate pension providers.

AMP Capital acquires US cloud services provider Expedient.

Expedient’s cloud infrastructure is deployed worldwide; Expedient data centers are compliant with a variety of regulatory mandates, including the Health Insurance Portability and Accountability Act (HIPAA) as well as the Payment Card Industry Data Security Standard (PCI DSS). Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. AMP Capital will acquire Pittsburgh-based Expedient from its current parent company Landmark Media Enterprises LLC, according to a news release Monday.

About AMP CapitalAMP Capital is a specialist global investment manager with US$140 billion in funds under management as of 30 June 2019 and more than 250 investment professionals. Learn more at expedient.com. Simon Ellis, Partner, Head of Americas, Infrastructure Equity commented: “We’ve been very impressed with Expedient’s performance over the years and we are extremely excited to work with the Expedient management team to enable even more growth and expansion.”. The senior management team of Expedient, most of whom have been part of the venture for more than 20 years, will continue in their current capacities.

PITTSBURGH, Oct. 21, 2019 /PRNewswire/ -- Expedient, a leading cloud computing and data center infrastructure as a service (IaaS) provider, today announced that global investment management firm AMP Capital, has agreed to acquire the company from its current parent, Landmark Media Enterprises, LLC.

Landmark is working to ensure that the ongoing operations and new business ventures continue uninterrupted in the interim. AMP Capital has agreed to acquire Expedient from Landmark Media Enterprises. Expedient, a cloud computing and data center infrastructure as a service (IaaS) provider based in Pittsburgh, recently announced that AMP Capital, a global investment management firm, agreed to acquire the company from its current parent, Landmark Media Enterprises, LLC. The manager bought Expedient from Landmark Media Enterprises, LLC, due to its fully integrated suite … Expedient, a cloud computing and data center infrastructure as a service (IaaS) provider based in Pittsburgh, recently announced that AMP Capital, a global investment management firm, agreed to acquire the company from its current parent, Landmark Media Enterprises, LLC. Expedient helps companies transform their IT operations through award-winning cloud infrastructure solutions and managed services including disaster recovery, security and compliance, and more. Pittsburgh, PA – 3 December 2019 – Expedient, a leading enterprise cloud computing and data center infrastructure as a service (IaaS) provider, today announced that it has been acquired by global investment management firm AMP Capital, from former parent Landmark Media Enterprises, LLC. We are delighted to have found a partner in this transaction, AMP Capital, that wanted the Expedient team to continue building a great business by offering differentiated solutions to its diverse client base," said Charlie Watkins, Landmark CEO and former Expedient Chairman. Terms were not disclosed, but the … Expedient is the latest company to be acquired in a wave of M&A activity surging through the data center services industry. Expedient – which offers colocation and cloud services – operates 11 self-directed data centre facilities. In a previous statement regarding the acquisition, Shawn McGorry, CEO of Expedient, said: “With access to additional capital sources and flexible financing, we stand ready to accelerate the expansion of Expedient Enterprise Cloud solutions to new markets and to offer our loyal clients an even more robust suite of Infrastructure as a Service solutions.”. Check your inbox or spam folder to confirm your subscription. Data Centre Dynamics Ltd (DCD)& DC Professional Development Limited (DCPRO)22 York Buildings,John Adam Street,London WC2N 6JUEmail. Transaction Name . There are no operational changes planned as part of this transaction. AMP Capital acquires Expedient Data Centers.

Named VMware’s Americas Cloud Partner of the Year and acknowledged in Gartner’s Magic Quadrant for Disaster Recovery as a Service, Expedient’s solutions and services ease clients’ transition to the cloud, enabling them to focus on strategic business innovation while the Expedient team handles operation of the information technology needed to support it. October 24, 2019 Ambrogio Visconti.

“Expedient is a wonderful story and has been a highly valued growth asset in the Landmark family of businesses. AMP Capital’s Acquisition Of Expedient.

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