SAN RAFAEL -- IntelliBatt, provider of uninterruptable power systems and battery monitoring systems and services for data centers and commercial operations, secured a $22 million equity investment the company plans to use for growth and expansion of the product line.
The investment was led by Alexandria, Va.-based venture firm Columbia Capital, with participation from China-based CBC-Capital, private investors as well as new Chief Executive Officer Tom Barton and new co-CEO and COO Todd Ford, both of whom were backed by Columbia Capital. IntelliBatt founders Steve Cotton and Mike Brinck will maintain active roles in the day-to-day operations as executive chairman and president, respectively.
Mr. Barton formerly was CEO of Rackable Systems, Inc., and held senior management positions at Red Hat and Cygnus Solutions. Mr. Ford formerly was president of Rackable, CEO at FCC, Inc. and chief financial office at Noosh, Inc.
"IntelliBatt's critical power monitoring platform and reputation as a trusted advisor, have led many of the worlds' largest data center operators to standardize on one or more of the company's offerings," Mr. Barton said. "Together, with the existing strong management team and the global reach of our investors, we see a winning combination to aggressively grow the company through international expansion and ongoing product development."
Columbia Capital partner Patrick Hendy said the firm has been long looking for "right combination" of people, products and services, relationships and expertise to build a "truly world-class provider" of critical monitoring and asset management services for data centers, telecom and cloud-based segments.
Started in 1992 as Data Power Monitoring Corp., IntelliBatt has has competed design, manufacturing and deployment of UPS and battery monitoring solutions for the likes of Charles Schwab, Equinix, Digital Realty Trust and Savvis over the past 20 years. IntelliBatt's Network Operations Center, said to be an industry first, provides round-the-clock monitoring, data analysis and support. By predicting and preempting failure, IntelliBatt-monitored sites are said to have 100 percent battery uptime.
"IntelliBatt's success has been built upon an unrelenting commitment to our customers and focusing on delivering products and services that ensure uptime," Mr. Cotton said.
