GlobalOne Secures Funding from Columbia Capital

NEW YORK--(BUSINESS WIRE)--GlobalOne, a leader in Software as a Service (SaaS), social collaboration and cloud computing professional services for the enterprise, announced today it has secured an initial funding commitment in excess of $25 million from Columbia Capital. The investment will be used to fuel a rapid expansion of the company's capabilities and market coverage. The company also announced the appointment of David Northington to the post of CEO. Northington, an industry veteran with more than 25 years of professional services leadership, most recently served as Chief Operating Officer of Capgemini in North America.

“We are excited to be entering the next stage of our development alongside a respected capital partner and proven executive leadership”

Northington joins GlobalOne at a time when the IT industry is looking for flexibility in how it implements and delivers services to the enterprise. With a portfolio of industry-specific solutions, GlobalOne helps clients design, build, and support solutions that leverage this paradigm-changing delivery model.

Northington will be responsible for helping GlobalOne capitalize on market opportunities in target verticals, embark on global expansion, develop key partnerships and identify strategic acquisitions. “GlobalOne is a vibrant organization with a track record of providing innovative consulting services and solutions to enterprises,” said Northington. “After collaborating with the management team and its investors, I am excited to join GlobalOne. Our leadership team shares a common vision, and we are well positioned to take advantage of this growth opportunity in cloud computing.”

“Cloud computing changes the way IT is delivered – reducing risk, aligning investments with results, and providing companies greater flexibility to meet rapidly shifting business demands,” said Jason Booma, principal, Columbia Capital. “Columbia is excited to work with David again and believes that expanding GlobalOne’s vertically-focused solutions will receive a positive reception in the market.”

GlobalOne executive management, Dennis Wall, John Orrock and Ken Struthers are looking forward to the accelerated growth that the Columbia Capital funding will enable. "We are excited to be entering the next stage of our development alongside a respected capital partner and proven executive leadership," said Wall. “David’s experience building successful global services organizations enables our firm to take the reputation and credibility we have established with our clients and partners to new heights.”

Prior to Capgemini, Northington was Executive Vice President of Kanbay International, which was acquired by Capgemini in 2007. Prior to Kanbay, he served as COO of Adjoined Consulting which was acquired by Kanbay in 2006. Previously, Northington served as CEO of Plaut Consulting, a provider of technology consulting services.

About GlobalOne

Established in 2007, GlobalOne enables enterprises to realize the potential of cloud computing. The company delivers exceptional client service with its blended shore delivery model and enterprise experience. GlobalOne has vertical and functional expertise in financial services, high tech, media and services. The company is headquartered in New York and has offices in Chicago, Atlanta, Sydney, Australia and Manila Philippines. For more information, please visit: http://www.globalone.com.