Funds managed by investor firm Carlyle Group have completed the acquisition of Cedar Rapids-based data center provider Involta.“The investment positions us to build on our national market leadership while remaining committed to our customers in our current markets,” Bruce Lehrman, Involta founder and CEO, said in a release. “We look forward to leveraging additional capital to […]
In signing a $50 million contract for a new cloud-based computer system, the state of Iowa sidestepped traditional competitive bidding procedures and chose a company with little state government experience whose lobbyist is Gov. Kim Reynolds’ former chief of staff, reports the Cedar Rapids Gazette. Iowa is one of the first state governments to hire […]