News: 2007


AAA Carolinas Chooses Peak 10 Charlotte for IT Infrastructure Solutions

• Posted in Portfolio News

CHARLOTTE N.C. - Peak 10, the leading data center operator and managed services provider, has been selected by AAA Carolinas to host and manage its Internet technology infrastructure within its state-of-the-art Charlotte data center facility.

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SureWest Communications Reaches Agreement to Acquire Everest Broadband

• Posted in Seaport News
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Roseville, CA [December 6, 2007]: Leading independent communications holding company SureWest Communications (Nasdaq: SURW) announced today that it has signed a definitive agreement to acquire Everest Broadband, Inc. ("Everest"), a portfolio company of Seaport Capital, for $173 million in cash. Everest is a privately held competitive provider of high-speed data, video and voice services in the greater Kansas City area. The transaction, which is expected to close by the end of the first quarter 2008, will more than double SureWest's triple-play residential subscriber base and facilitate the rapid expansion of its business services.

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Switch and Data Hires Industry Veteran David Reitman to Launch Content and Entertainment Practice

• Posted in Portfolio News

TAMPA - December 4, 2007 - Switch and Data (NASDAQ: SDXC), a leading provider of Internet exchange and colocation services, today launched a new practice focused on the Content and Entertainment marketplace.  The practice will enhance Switch and Data's current offerings with specialized expertise to assist digital media and online gaming companies design, develop, and deploy infrastructure solutions to support their business growth.  Switch and Data has appointed David Reitman, an 18-year industry veteran who was previously with AT&T, as vice president to develop and lead the practice.&; Switch and Data's state of the art facilities provide high power (AC and DC), cooling, and the PAIX peering fabric, combined with a broad geographic footprint, to meet the unique needs of these market segments.

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Switch and Data Introduces New High-Performance Data Center Standards to Support Power and Cooling Needs of Web 2.0

• Posted in Portfolio News

New Facilities to Provide Industry-Leading 200 Watts Power per Square Foot and Available DC Power

TAMPA, Fla. - November 14, 2007 As Web 2.0 companies continue to deploy power-hungry servers to support rich content distribution, Switch and Data (NASDAQ: SDXC), a leading provider of Internet exchange and colocation services, will be ensuring an adequate supply of power and cooling to keep their businesses running. Switch and Data today announced that its new Dallas, New York Metro, San Francisco Bay Area and Toronto sites will be built to supply power and cooling at more than 200 watts of power per square foot. This power density is at or above that supplied by other national neutral colocation providers. In addition, all Switch and Data sites house direct current (DC) power plants and offer the option of DC power.

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New York Metro Site Leverages Switch and Data's Network Density to Provide Colocation and Interconnection Capacities

• Posted in Portfolio News

TAMPA, Fla., November 6, 2007 - Switch and Data (NASDAQ: SDXC), a leading provider of Internet exchange and colocation services, today announced it is adding capacity in the New York Metro area to satisfy strong customer demand. The New York market is one of Switch and Data's largest and fastest growing markets. Switch and Data will interconnect this new site with access to more than 300 networks in its existing New York sites, making this one of the most densely interconnected facilities in North America.

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Kayote Networks Expands Market Reach for its Hosted VoIP Traffic Manager with Switch and Data PAIX VoIP Exchange

• Posted in Portfolio News

October 31, 2007 -- Kayote Networks Inc., the leading provider of hosted Voice over IP (VoIP) interconnectivity solutions, announced today it has joined the Switch and Data/PAIX VoIP Exchange in New York to expand the market reach of its VoIP Traffic Manager (VTM). Kayote provides a hosted VoIP back office solution for service providers that allows customers to manage their routing tables, network and route performance, and customer billing through a secure, online application.

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Reserve Holdings, Inc. Announces Acquisition by S&K Communications

• Posted in Seaport News
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Reserve, Louisiana [October 15, 2007]: Reserve Holdings, Inc., a private telecommunications provider serving St. John the Baptist Parish with telephone, cable television and high-speed Internet services, announced today that it had completed the sale of the company to S&K Communications. S&K Communications is controlled by Sean E. Reilly and Kevin P. Reilly, Jr. Reserve Holdings, Inc. had been majority-owned by Seaport Capital since 1998 and has been providing telecommunications services since 1935.

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Switch and Data Expands to Meet Demand in Fast Growing Dallas Market

• Posted in Portfolio News

New Customer XC Networks Leverages Switch and Data's Dallas Network Density to Extend its Reach in Key Regional Hub

TAMPA. Florida - Oct. 8, 2007--Switch and Data (Nasdaq: SDXC), a leading provider of Internet exchange and colocation services, has secured new space adjacent to its existing Dallas INFOMART location, expanding capacity to satisfy demand in the market. New Dallas customer XC Networks has chosen Switch and Data's Dallas facility as a central place to interconnect with many networks and bandwidth providers and expand its "Linking your World" value proposition.

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Seaport Capital Completes Sale of Portfolio Company Southeast Towers

• Posted in Seaport News
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Seaport Capital completed the sale of its portfolio company, Southeast Towers, LLC, to Diamond Communications, LLC. Southeast Towers has been a Seaport Capital portfolio company since August 2004. Under Seaport Capital's stewardship, Southeast Towers acquired or developed 180 communications towers, becoming one of the largest privately-owned tower development companies in the country. Through the sale Seaport Capital realized 3.6 times its investment resulting in a 60% IRR.

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Switch & Data Facilities Announces Completion of IPO

• Posted in Portfolio News
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Tampa, FL [BUSINESS WIRE]: Switch & Data Facilities Company, Inc. (NASDAQ: SDXC - News), announced today that it had closed its initial public offering of 13,416,667 shares of common stock at the public offering price of $17.00 per share, less underwriting discounts and commissions. Of these 13,416,667 shares that were sold, 9,000,000 shares were sold by the Company and 4,416,667 shares were sold by certain of the Company's stockholders (1,750,000 of which were purchased by the underwriters pursuant to their over-allotment option). The shares trade on the NASDAQ Global Market under the symbol "SDXC."

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