About TierPoint
TierPoint is a company based in St. Louis (United States) founded in 2010 by Patrick Watriss was acquired by Argo Infrastructure Partners in July 2024.. TierPoint has raised $869 million across 4 funding rounds from investors including Macquarie Group, Ontario Teachers' Pension Plan and Argo Infrastructure Partners. The company has 824 employees as of December 31, 2022. TierPoint has completed 3 acquisitions, including Altered Scale, Cosentry and Xand. TierPoint offers products and services including Cloud Services, Data Center Services, and Security Solutions. TierPoint operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter St. Louis, United States
- Employees 824 as on 31 Dec, 2022
- Founders Patrick Watriss
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tierpoint, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$869 M (USD)
in 4 rounds
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Latest Funding Round
$500 M (USD), Series E
Mar 01, 2022
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Investors
Macquarie Group
& 8 more
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Employee Count
824
as on Dec 31, 2022
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Investments & Acquisitions
Altered Scale
& 2 more
- Acquired by
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Products & Services of TierPoint
TierPoint offers a comprehensive portfolio of products and services, including Cloud Services, Data Center Services, and Security Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Managed public and hybrid cloud solutions for business workloads
High-density facilities for secure hardware deployment
Tools for threat detection and data protection services
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Software Development Team
45 people
Leadership Team
40 people
Sales and Marketing
36 people
Senior Team
15 people
Operations Team
11 people
Data Analysis and Operations Team
8 people
Customer Team
6 people
Finance and Accounting
6 people
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Funding Insights of TierPoint
TierPoint has successfully raised a total of $869M across 4 strategic funding rounds. The most recent funding activity was a Series E round of $500 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series E — $500.0M
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First Round
First Round
(01 Jul 2010)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series E - TierPoint | Valuation |
investors |
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| Mar, 2020 | Amount | Series D - TierPoint | Valuation | Argo Infrastructure Partners , Wafra | |
| Jun, 2016 | Amount | Series C - TierPoint | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TierPoint
TierPoint has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Macquarie Group, Ontario Teachers' Pension Plan and Argo Infrastructure Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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A private equity firm focused on middle-market business investments.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TierPoint
TierPoint has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Altered Scale, Cosentry and Xand. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Data center colocation and managed services are provided in Chicago.
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2012 | ||||
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Datacenter services-Colocation, Cloud Computing, Hosting, Disaster Recovery, and Managed Services
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2000 | ||||
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Colocation and cloud services are provided in the Northeastern USA.
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TierPoint
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tierpoint Comparisons
Competitors of TierPoint
TierPoint operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tierpoint
Frequently Asked Questions about TierPoint
When was TierPoint founded?
TierPoint was founded in 2010.
Where is TierPoint located?
TierPoint is headquartered in St. Louis, United States. It is registered at St. Louis, Missouri, United States.
Who is the current CEO of TierPoint?
Jerald L Kent is the current CEO of TierPoint.
Is TierPoint a funded company?
TierPoint is a funded company, having raised a total of $869M across 4 funding rounds to date.
How many employees does TierPoint have?
As of Dec 31, 2022, the latest employee count at TierPoint is 824.
What does TierPoint do?
TierPoint was founded in 2010 and is based in St. Louis, United States. IT services and data center solutions are delivered, including public, private, and multi-tenant cloud configurations. Capabilities encompass disaster recovery, network security, data privacy, multi-factor authentication, and encryption. Sectors served include healthcare, manufacturing, energy, and retail, with clients such as Johnsonville, WebsterBank, and TommyBahama.
Who are the top competitors of TierPoint?
What products or services does TierPoint offer?
TierPoint offers Cloud Services, Data Center Services, and Security Solutions.
How many acquisitions has TierPoint made?
TierPoint has made 3 acquisitions, including Altered Scale, Cosentry, and Xand.
Who are TierPoint's investors?
TierPoint has 9 investors. Key investors include Macquarie Group, Ontario Teachers' Pension Plan, Argo Infrastructure Partners, Wafra, and Thompson Street Capital Partners.