Thursday, June 16, 2016

Gores Group, Platinum Equity Back Data Blue

Los Angeles-based private equity investors Gores Group and Platinum Equity said this morning that they have backed Data Blue, an Atlanta provider of storage, backup and server virtualization and consolidation solutions for the enterprise market. Size of the investment was not announced. The Gores Group investment came via Gores Small Capitalization Partners. Data Blue was founded in 2011. The companies said that Data Blue was advised by Hyde Park Capital in the deal.