MedOne, a veteran Israel server farm operator owned by brothers Zeev, Zvi and Shay Livnat, is selling a 49% stake in the company to Berkshire Partners for $215 million. This gives the company a $430 million valuation.
A server farm or server cluster is what makes the internet work. It is where all of that online information is stored. And more and more both companies and people are using server cloud services either for online programs like Google Docs or for storing their data.
The server farm is a collection of computer servers. Organizations may have their own in house servers for internal needs. Still, server farms can handle massive loads of information while also acting as the middle man for transferring all of that data back and forth on the internet. A large farm has thousands of computers at work at all times and feels like a refrigerator inside because the systems must be cooled off all the heat that they generate.
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Founded in 1999, MedOne provides public and hybrid cloud computing services to enterprise organizations in Israel and worldwide through a strategic partnership with Dimension Data, one of the world’s leading cloud providers. Dimension Data, an NTT subsidiary, provides cloud services to over 6,000 organizations through a top notch standard global network, comprising 114 partners in over 58 countries.
With over 25,000 square meters of Data Center situated in 4 highly secured underground Data Centers – MedOne is a Colocation organization in Israel. MedOne Provides hosting services, local public cloud services and unique solutions to Israel’s largest organizations.
“As a company that has been leading the Israeli data center market for the past 22 years, this is a significant milestone, which will enable us to expand our services to even more Israeli and multinational companies as well as to accelerate our in-process expansion facility development,” stated Ronnie Sadeh, CEO of MedOne. “We will also continue to provide high-quality services to our customers and to invest in our best-in-class talent, technology, and data center architecture.”
Berkshire Partners, a Boston-based investment firm, has 35 years of investment history. Berkshire Private Equity has made more than 135 private equity investments since its inception and has a strong history of partnering with management teams to grow the companies in which it invests. The firm’s Stockbridge and private equity teams frequently collaborate and leverage their collective industry expertise in multiple areas, including in business services & technology, communications, consumer, healthcare, and industrials.