GI Partners acquired SoftLayer Web Hosting Provider – 2010-08-04 – GI Partners announced that it has acquired all equity of SoftLayer Web hosting provider.

Lance Crosby, CEO of SoftLayer states: “I’m extremely proud of how much SoftLayer has grown and accomplished in its history. GI Partners’ investment and partnership enables us to take our unparalleled approach to the next stage. It’s gratifying that a firm with GI Partners’ insight and success sees such value in SoftLayer’s past growth and future opportunities.

GI Partners, based in The Menlo Park, CA, owns a controlling interest in The Planet, and rumors surfaced during HostingCon held in Austin, TX on July 19-21 that there would be a merger or takeover involving the two Web hosting companies in some shape or form. That possibility still exists.

Rick Magnuson, Executive Managing Director of GI Partners said: “SoftLayer has taken a visionary model and created a company for the future of hosting. We are excited to bring additional resources and experience to help SoftLayer leverage its strategic position in the expanding global data center services market.

GI Partners ( manages about $4 billion worth of capital and has investments in colocation hosting firm Telx Group as well as Managed hosting provider ViaWest. Visit for more information on it’s Web hosting and data infrastructure services.