Philadelphia, PA – March 7, 2014 – IPR International, the premier Infrastructure-as-a- Service (IaaS) provider in the Mid-Atlantic region, is pleased to announce that it is poised for significant growth and will be better able to grow with its clients’ businesses as a result of securing senior debt financing. The financing was provided from Elm Park Capital Management, LLC, a private debt focused investment firm based in Texas. Middle-market investment banking firm Cassel Salpeter & Co., LLC, advised IPR as part of the negotiations with Elm Park Capital.
IPR, headquartered in Wayne, PA, provides secure colocation, disaster recovery, and private cloud solutions to companies across a range of industries and 25 countries. The industries IPR serves are typically those in which data protection is of paramount importance and include hospitals, physician practices, surgical centers, banks, insurance companies, law firms, manufacturing, and government. It operates two fully redundant, secure Tier III data centers in Reading, PA, and Wilmington, DE.
The senior debt financing from Elm Park provides the capital IPR needs to fully implement its three-year growth plan, which includes launching a number of new product and service offerings, entering new client verticals like life sciences, behavioral health, and higher education, and expanding geographically. It also enables IPR to refinance its existing debt, and explore acquisition opportunities that will allow it to better serve both existing and potential clients.
We are thrilled to enter 2014 with the financial and business support of Elm Park Capital.
About IPR International
IPR is a recognized industry leader offering private cloud and Infrastructure-as-a-Service (IaaS) solutions, as well as colocation services and a full range of private cloud managed service offerings like virtual private data centers, storage as a service, network as a service, and disaster recovery as a service. Through its comprehensive suite of services, IPR protects, preserves, secures, and makes available its clients’ data at all times, no matter when or where the data was created and no matter when or where it is needed. Through its constantly innovative and evolving services, combined with a passion for security, integrity, availability, and ingenuity, IPR helps its clients maintain their own business operations and supports them through any interruptions. IPR has multiple redundant data centers and serves clients in 25 countries worldwide. For more information, visit www.IPRsecure.com and follow us on Twitter @iprsecure.
About Elm Park Capital Management
Elm Park Capital Management is an alternative asset management firm focused on investing in private debt transactions to middle- market companies. Elm Park seeks to be an alternative capital provider for companies requiring a creative partner for acquisitions, growth, refinancings, and recapitalizations. For more information,visit www.elmparkcap.com.
About Cassel Salpeter & Co.
Cassel Salpeter & Co. is an independent investment banking firm that provides advice to middle-market and emerging growth companies in the U.S. and worldwide. Together, the firm’s professionals have more than 50 years of experience providing private and public companies with a broad spectrum of investment banking and financial managed services, including: mergers and acquisitions; equity and debt capital raises; fairness and solvency opinions; valuations; and restructurings, such as 363 sales and plans of reorganization. For more information, visit www.casselsalpeter.com.
For more information, press only: Jeanette Brown, 484.540.9026