Texas Company Acquires LightBound
DataBank in Texas has acquired Indianapolis-based Internet and cloud services provider LightBound. The Indy company, founded in 1994, operates two data centers in the downtown Indy Telecom Center.
Thanks to the acquisition of LightBound, DataBank says it will operate 17 data centers in 9 US markets, including Indianapolis, Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, Baltimore and Atlanta. DataBank Chief Executive Officer Raul Martynek says the deal will combine "LightBound's strength in colocation, connectivity and managed services with DataBank's broad product offering and national footprint."
LightBound CEO Jack Carr calls the deal "an outstanding opportunity for LightBound, its employees and customers." Carr will continue with DataBank, heading up efforts to expand its portfolio in Indianapolis.