Accelon Capital Acquires Leading Colocation Data Center Company and Managed Hosting Provider, UnitedLayer, and Appoints New CEO
SAN FRANCISCO AND PALO ALTO, CA — December 3rd, 2010 — Managing Partner and Technology Executive, Abhijit Phanse, Brings over Eighteen Years of Solid Growth and Management Experience to Enable Successful Expansion.
UnitedLayer, LLC, the premier colocation data center company and managed hosting provider in California, today announced the appointment of a new Chief Executive Officer, Abhijit Phanse, following the acquisition of the company by Accelon Capital, a private equity firm with a focus on growth-stage companies.
“UnitedLayer has built a solid Internet hosting and customer service infrastructure and has gained a reputation of delivering exceptional colocation and managed hosting services. We are excited to invest in the UnitedLayer platform to enable our customers to meet their IT infrastructure needs and support their growth”, said Abhijit Phanse, Managing Partner at Accelon Capital and CEO of UnitedLayer. “I am immensely pleased to be joining the talented team at UnitedLayer and I look forward to leading the company through our next phase of growth in this exciting space.”
“Accelon and its team’s significant experience will enable us continue to be the fastest growing and highest quality data center company in San Francisco and Los Angeles,” said Otto Grajeda, Director of Facilities and original Co-Founder. “The change in leadership comes at exactly the right time for us. Without missing a beat, UnitedLayer will be able to more quickly achieve its planned upgrades while maintaining the best quality of service and customer experience.”
UnitedLayer designed a network solution specifically for Permuto’s requirements of constant real time low latency data from multiple sources across the Internet. With headquarters in the San Francisco Bay area, UnitedLayer’s main data center is recognized as one of the world’s most significant Internet facilities and peering locations and has a track record of high quality service. Permuto, based in Palo Alto, can continue its significant growth with reliable hosting provided by UnitedLayer.
About Abhijit Phanse
Mr. Phanse is the Managing Partner of Accelon Capital. He has over 18 years of experience in delivering leading edge networking and data center infrastructure technologies to the market. Previously, Mr. Phanse was the CEO and Co-Founder of Scintera, a Silicon Valley technology company, which provides high-speed signal processors for solving networking infrastructure bottlenecks. Prior to founding Scintera, he held senior management positions at National Semiconductor where he developed many core Ethernet technologies. Mr. Phanse has an MS in Management from Stanford Graduate School of Business, an MS in Electrical Engineering from the University of Central Florida, and a B.Tech. in Electrical Engineering from the Indian Institute of Technology, Bombay.
About Accelon Capital
Accelon Capital is a private equity firm focused on investing in small to mid-market growth stage companies providing products and/or services in the Information Technology infrastructure, Software, and Healthcare sectors. Accelon provides a combination of a flexible financing structure and operating experience to create win-win relationships with entrepreneurs and owners who are looking for liquidity or growth capital for expanding their business. For more information about Accelon Capital, please visit www.acceloncapital.com.