San Diego, CA October 3, 2008: American Internet Services, Inc. (AIS), the largest provider of data center co-location services in San Diego, announced today the completion of its acquisition by an investor group led by Seaport Capital, a private equity firm focused on the media, communications, and information and business services sectors. The other members of the investor group include Viridian Investment Partners and DuPont Capital Management.
"AIS is excited about its new partnership with Seaport Capital," said AIS Chief Executive Officer, Alessandra Carrasco. "We believe that Seaport's significant experience within the data center industry as investors in companies such as Switch & Data (SDXC) and Peak 10, will help us continue to be the fastest growing and highest quality data center company in Southern California." AIS' current senior management team, including Carrasco, Chief Technology Officer, Richard Sears and Chief Financial Officer, Rick Egan, will continue to run the day-to-day operations of the business.
Seaport Capital Partner Scott McCormack said, "Seaport looks forward to helping AIS continue its commitment to providing top-tier data center services to its customers and to investing in and expanding its state-of-the-art facilities."
About American Internet Services
American Internet Services (AIS), San Diego's largest co-location company has provided business-to-business services since 1994. The company currently owns and operates multiple data centers in San Diego, and has invested in state-of-the-art equipment and technology to ensure unsurpassed reliability, bandwidth, security and redundancy for its worldwide clients.
AIS' data centers are carrier-neutral facilities designed as technology fortresses with N+1 (or greater) redundancy in bandwidth, power, HVAC, fire suppression and security. The data centers offer a mix of cabinet, cage and data suites, as well as roof rights for microwave links and other antennae systems. For more information, visit www.americanis.net.
About Seaport Capital
Seaport Capital is a private equity firm focused on the media, communications, and information and business services sectors. Seaport works with talented management teams to create valuable companies that are leaders in their market segments. Seaport is a long-term investor focused on generating high investment multiples for its investment partners and portfolio company management teams. Seaport's substantial industry expertise and extensive investing experience enables it to develop winning strategies; its relationships and resources help achieve them. For more information, visit www.seaportcapital.com.