The company will use the funds to increase its physical infrastructure, services and operational capabilities and expand throughout Mexico and the southwestern US.
Cartesian partner and co-founder Paul Pizzani said, “We were impressed with redIT’s 15 year history of profitable operation and growth, and the unwavering commitment of Murray and his team to meeting the data and connectivity needs of their clients.
“We are thrilled to be participating in the next phase of redIT’s development and look forward to facilitating its expansion into new domestic and international markets.”
A recent report from McGladrey showed that private equity deal activity in the IT sector increased in the second quarter from the previous three months.
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