Digital Island Announces $50 Million Private Equity Round (1999)
On March 22, 1999, Digital Island announced a $50 million private equity investment led by blue-chip financial institutions, including Chase Capital Partners and affiliates of Merrill Lynch. At the time, this represented the largest single funding round in the company’s history and brought total investment in Digital Island to $88 million since March 1997.
This financing validated Digital Island’s role as a critical global Internet infrastructure provider at a moment when multinational corporations were demanding reliable, secure, and performant global e-Business delivery. The capital was used to accelerate worldwide infrastructure deployment, expand patented technologies, and scale services supporting global commerce, content delivery, and transactional reliability across continents.
The participation of major institutional investors reflected market recognition that global Internet infrastructure — not software alone — had become a decisive competitive advantage in the emerging digital economy.
