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Liquid Web Founder and CEO Steps Aside After Investment From Private Equity Firm

Thu, 28th May 2015, 17:38

Web hosting and managed cloud provider Liquid Web has announced it will receive a substantial investment from private equity firm Madison Dearborn. Going forward, Madison Dearborn will provide expertise and resources to support Liquid Web’s global expansion by building on the company’s Heroic Support® customer service and continuing the development of its leading cloud computing and professional managed hosting products.

Matthew Hill, Liquid Web Founder and Chief Executive Officer states in the announcement

I’m really proud of everything we’ve accomplished at Liquid Web since our founding 18 years ago. Madison Dearborn will be a great partner for this next growth phase. Their technical expertise and commitment to Liquid Web’s strategy and culture will provide the essential strategic resources to take us to the next level.

As part of the transaction, Matthew Hill will be succeeded as Chief Executive Officer by seasoned technology executive and entrepreneur Jim Geiger, with the support of a proven management team. Mr. Geiger and his leadership team colleagues will make an investment in Liquid Web alongside Madison Dearborn. Madison Dearborn previously worked with Mr. Geiger in his capacity as Founder, Chairman, and Chief Executive Officer of Cbeyond, a cloud-based professional managed hosting services company he founded in 1999. Liquid Web’s headquarters will remain in Lansing, Michigan.

 

About

Liquid Web full suite of products includes the Storm® Platform, which provides virtual private servers (VPS), dedicated bare metal cloud servers, and a variety of dedicated server solutions and customizable hosting services. Liquid Web is a leader in its industry serving over 30,000 clients worldwide in over 150 countries from data centers in Michigan, Arizona and Amsterdam, The Netherlands.

Renowned for high quality customer service, Liquid Web developed its proprietary support model, Heroic Support®, for customers of all sizes and needs. Liquid Web counts Home Depot, FILA USA, The Boy Scouts of America, The United Way, and Disruptor Beam – Developer of Game of Thrones Online Games, among its diverse clientele.

Liquid Web Managed Word Press