QualityTech's Partnership with General Atlantic Provides Capital to Accelerate Growth

Leading Cloud Computing Provider to Invest $150 Million In Data Centers and Managed Services Platform

SUWANEE, Ga., October 27, 2009-- Quality Technology Services (QualityTech), one of the nation’s largest privately-held providers of data center facilities and managed services, announced today a new investment partnership with global growth investor General Atlantic LLC (GA). Under terms of the partnership, GA will invest $150 million into QualityTech. The investment will be used to grow existing and new data centers and continue development of the managed services platform.

“Our new partnership with General Atlantic, one of the world’s largest growth equity investors, directly supports QualityTech’s longstanding singular focus on strategically expanding our nationwide data center footprint and service offerings,” said Chad Williams, Chairman and CEO of QualityTech. “GA has deep experience in the business services and technology sector, a proven track record as a long-term growth partner, and shares our commitment to offering our customers the best data center solutions the industry has to offer.”

The new partnership comes at a time when the industry has shown consistent growth, even in these challenging economic times. In recent years, the data center market has experienced a significant tightening of supply, while the demand for mission-critical, high-density, fully-redundant space remains strong. GA’s partnership with QualityTech provides an exciting opportunity for the team to expand its data center offerings to serve a growing array of Fortune 500 and mid-sized clients.

“Rapid and secure access to scalable technology infrastructure is a key requirement for growth companies across industries, and the need for world-class managed services will only continue to grow as businesses increasingly adopt cloud computing technologies. QualityTech is a leader in this market segment, providing operational excellence and a nationwide footprint of best in class data centers,” said Philip P. Trahanas, a Managing Director at GA. “We are very excited about the opportunities that our new partnership creates and look forward to working with QualityTech’s management team as it continues to execute on its long-term strategic objectives.”

QualityTech was recently noted by a leading industry consultant as one of the top cloud computing providers.

Over the past several years, QualityTech has steadily expanded its data center footprint to encompass more than two million square feet of data center real estate with 750,000 square feet of raised floor in production. QualityTech offers state-of-the-art data center solutions across the United States in New York, New Jersey, Florida, and Silicon Valley, California; and two of the largest facilities in the country located in Georgia including a one million square feet facility in Atlanta. Focused on providing flexible options, QualityTech hosts more than 1,000 customers ranging from a single cabinet to 100,000+ square feet custom suites. QualityTech caters to customized solutions that meet the diverse needs of large enterprise customers and currently has suites ready for deployment in sizes up to 20,000 square feet. QualityTech offers a full suite of data center solutions for customers seeking everything from quality collocation to high-density power solutions to data center replication. The company’s full suite of advanced managed service offerings includes network, operating system and storage solutions.

General Atlantic Managing Directors Philip P. Trahanas and William O. Grabe will be joining QualityTech’s board of directors.

Credit Suisse First Boston and Paul, Weiss, Rifkind, Wharton & Garrison LLP were advisors to General Atlantic on the transaction. Morgan Stanley and Hogan & Hartson LLP advised QualityTech.

About Quality Technology Services

Quality Technology Services (QualityTech) was created in September 2005, with Quality Group of Companies purchase of e^deltacom and rebranded as QualityTech. Chad L. Williams has served as Chairman and CEO and Mark D. Waddington as President, since founding QualityTech. Over the past 4 years, QualityTech has evolved into a leading provider of Managed Services, Data Center facilities, and Professional Services to businesses. QualityTech manages and operates more than 2 million square feet of data centers. Services are delivered via a national footprint of secure state-of-the-art data centers, a high-performance backbone and content delivery network, and an ITIL-certified world-class services organization. QualityTech provides enterprises the ability to deploy, manage and scale their mission-critical IT operations for optimum performance and cost-efficiency. For more information about Quality Technology Services, please visit www.qualitytech.com or call toll free 866.210.8238.

About General Atlantic

GENERAL ATLANTIC is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. Established in 1980, GA manages approximately $14 billion in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, Düsseldorf, Hong Kong, Beijing, Mumbai and São Paulo. For further information and a listing of GA's public and private portfolio companies see www.generalatlantic.com.

Contact:
Quality Technology Services
Dan Kurtz, 402-290-2308
dkurtz@qualitytech.com
or
General Atlantic
Pat Hedley, 203-629-8658
phedley@generalatlantic.com
or
Kekst and Company
Caroline Gentile, 212-521-4800
caroline-gentile@kekst.com

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