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Peak 10 Closes on RBC Credit Facility and on Investment from Welsh Carson

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Managed Services and Data Center Leader Positioned for Substantial Growth

CHARLOTTE, N.C. (October 5, 2010) – Peak 10 Inc., a managed services company with world-class data centersand Welsh, Carson, Anderson & Stowe, a leading private equity firm, today announced the closure of a transaction in which Welsh Carson has become the majority shareholder of Peak 10. As part of the acquisition, Peak 10 has closed a new credit facility for $155 million. RBC Capital Markets and General Electric Capital Corporation were the Joint Lead Arrangers and Joint Book Runners for the bank syndicate. Royal Bank of Canada acted as the Administrative Agent and Documentation Agent for the lenders. ING Capital, LLC was the Syndication Agent.

Peak 10’s existing management team, led by Co-Founder, President and CEO David Jones will continue to operate the business. The $155 million credit facility will be used to accelerate Peak 10’s growth plans in managed services and high-growth markets.

“This is a tremendous milestone for our management team and entire company,” said Brian Noonan, executive vice president and chief financial officer. “We have exercised prudence in forging a path of consistent growth since founding the company, which has positioned us well for this opportunity. With the support of Welsh Carson and RBC, we look forward to furthering the expansion of our facilities, our team, and our service portfolio.”

Two members of the Welsh Carson team, John Clark and Darren Battistoni, will now serve on Peak 10’s board of directors, with Clark serving as Chairman. The company will continue its successful track record of organic growth through construction of additional data centers in its existing markets, the addition of greenfield markets, strategic acquisitions and expansion of its service portfolio to meet increasing customer demand.

“We have worked with the Peak 10 management team for several years and have always been impressed by its careful and tactical use of financial resources,” said Ken Klassen, Managing Director, at RBC Capital Markets. “For this very reason, we continue to support Peak 10’s growth strategy and are excited to see it capitalize on the opportunities that lie ahead.”

Peak 10’s managed IT and data center services improve performance and reliability, lower costs and maximize internal resources for customers while keeping their valuable information technology assets close to the business. The company combines its secure, private network and enterprise-class data centers with world-class engineering and support to serve market-leading companies nationwide. As a managed services leader, Peak 10 offers a wide range of technology offerings including virtualization, managed hosting and cloud-based services in a cost-efficient and reliable platform for its customers. The company owns and operates data centers in ten key markets that include Cincinnati, Ohio; Atlanta, Ga.; Raleigh and Charlotte, N.C.; Tampa, Jacksonville and Fort Lauderdale, Fla.; Nashville, Tenn.; Louisville, Ky.; and Richmond, Va.

About RBC Capital Markets

RBC Capital Markets is the corporate and investment banking arm of the Royal Bank of Canada and is active globally in debt and equity origination, sales and trading, foreign exchange, infrastructure finance, and structured products across a number of industry sectors. Its North American platform includes a significant U.S. investment banking franchise and leading equity and fixed income underwriting, sales, trading and research businesses. For more information, please visit www.rbccm.com.

About Welsh, Carson, Anderson & Stowe

Welsh, Carson, Anderson & Stowe is one of the largest and most successful private equity investment firms in the United States. Since its founding in 1979, the Firm has organized 15 limited partnerships with total capital of $20 billion. Welsh Carson focuses its investment activity in two target industries: information/business services and healthcare. Welsh Carson is currently investing an equity fund, Welsh, Carson, Anderson & Stowe XI, L.P., and a dedicated subordinated debt fund, WCAS Capital Partners IV, L.P. Additional information is available online at www.welshcarson.com.

About Peak 10 Inc.

Peak 10 is a managed services company with world-class data centers. It delivers scalable, economical and reliable solutions for hosting and managing complex information technology infrastructure. The company’s expert team embraces the industry’s evolving technologies by adopting and tailoring solutions such as virtualization and cloud-based services as part of its robust managed services offering. Its strong customer focus, financial stability, geographic diversity and technical strength attracts market-leading companies such as LendingTree, Global Knowledge, Pergo, Healthways and Churchill Downs. Peak 10 is SAS70 Type II audited and helps companies meet the requirements of various regulatory compliance acts such as Sarbanes-Oxley (SOX), HIPAA, PCI and Gramm-Leach-Bliley (GLBA). For more information on data center solutions from Peak 10, visit www.peak10.com.

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About Peak 10

"Our values are the foundation for everything we do at Peak 10, and are ultimately what enable us to earn our customers' business and their trust."
David H. Jones,
Board Member, Peak 10 + ViaWest