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GI Partners-backed LightEdge acquires Cavern Technologies

LightEdge, a provider of colocation, cloud and managed service solutions, announced this week the acquisition of Cavern Technologies, an enterprise-grade data center provider based in Kansas City.

Cavern Technologies was founded in 2007 as Kansas City’s first colocation data center and today is the largest colocation provider in the area. 

“We are proud to now be an integral part of LightEdge,” said John Clune, co-founder and CEO of Cavern Technologies. With this combined synergy, we look forward to better serving Cavern’s existing customers with a full suite of cloud and managed services, plus data center capacity in four additional markets.”

Earlier this month, LightEdge Solutions was acquired by private investment firm GI Partners.

“This is the first acquisition under our new ownership by GI Partners, and we are very pleased to acquire an outstanding company such as Cavern to expand our existing footprint in Kansas City,” said Jim Masterson, CEO of LightEdge.  “John Clune and his team have built a tremendous brand and reputation in the market.  This acquisition unlocks new opportunities for us and further positions LightEdge as a leading infrastructure provider in the Midwest.  We are actively looking to expand our presence throughout the U.S. and are excited about the prospect of future acquisitions.”

Terms of the deal were not disclosed. Masterson said the company is “actively looking” to expand its presence throughout the US and is excited about the prospect of future acquisitions.

Previous coverage

LightEdge acquired by private investment firm GI Partners -Sept. 14, 2021

LightEdge opens a second data center, now needs a deep talent pool -Sept. 28, 2017

GI Partners-backed LightEdge acquires Cavern Technologies | Clay & Milk
A central Iowa ag-tech accelerator has secured more backers and finally has a name. The Greater Des Moines Partnership first announced the accelerator last year, naming four initial investors. On Monday, the Partnership said the program will be called the "Iowa AgriTech Accelerator" and named three new investors. The new investors include Grinnell Mutual, Kent Corp. and Sukup Manufacturing, all Iowa companies. They join investors Deere & Co., Peoples Co., Farmers Mutual Hail Insurance Co. and DuPont Pioneer. Each investor has agreed to put up $100,000 for the first year of the accelerator. Startups entering the program will receive $40,000 in seed funding in exchange for 6 percent equity. Tej Dhawan, an angel investor and local startup mentor, is serving as interim director until the AgriTech Accelerator names a permanent leader. Dhawan held a similar role with the GIA before Brian Hemesath was named as managing director. As interim director, Dhawan said his main job includes hiring the accelerator's executive director, establishing a business structure and initial recruiting for the first cohort. The accelerator will place few filters, such as location and product, on the applicant pool, Dhawan said. "When you’re seeking innovation, innovation can come from every corner of the world so why restrict ourselves," he said. One area the the AgriTech Accelerator won't recruit from is biotech. For its first cohort, the AgriTech Accelerator will work out of the GIA's space in Des Moines' East Village, Dhawan said. A future, permanent home is still to be decided. The accelerator's program will host startups from mid-July through mid-October, ending with an event connected to the annual World Food Prize. The GIA, which the AgriTech Accelerator is based on, also ends with presentations at an industry event. The accelerator has also started lining up a mentor pool. The Iowa Corn Growers Association, Iowa Soybean Association and the Iowa Pork Producers Association have agreed to provide mentors, as has Iowa State University. While the AgriTech Accelerator is loosely based off of the GIA, it will differ in its business structure, Dhawan said. The GIA runs through a for-profit model for both operations and its investment fund. The AgriTech Accelerator will have a nonprofit model for its operations and a for-profit setup for its fund. Dhawan said the nonprofit model is being used so the accelerator can better work with other nonprofit partners, such as trade associations. "These are all organizations that are nonprofits and can be amazing stakeholders without ever having to be investors in the accelerator," he said. "It becomes easier to work with trade associations in their nonprofit role when we are also a nonprofit." When it's up and running, the AgriTech Accelerator would be one of a handful of ag-focused startup development programs in Iowa. Others include the Ag Startup Engine out of Iowa State University and the Rural Ventures Alliance from Iowa MicroLoan. Matthew Patane is the managing editor and co-founder of Clay & Milk. Send him an email at
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