"In less than three years, KKR transformed CoolIT from a niche player into a leader in liquid cooling technology for AI data centers, resulting in a staggering 300% revenue increase."
"The sale to Ecolab for $4.75 billion represents a remarkable achievement for CoolIT, showcasing the company's growth from a garage startup to a major player in the tech infrastructure market."
On March 25, CoolIT Systems employees gathered for a Town Hall amid a snowstorm to learn about the company's sale to Ecolab for $4.75 billion. KKR's acquisition had previously awarded equity to all employees, leading to cash payouts from the sale. CoolIT, founded 25 years ago, shifted focus under KKR to liquid cooling for AI data centers, resulting in a 300% revenue increase and a significant rise in production capacity. The event marked a celebration of the company's remarkable growth and success in the AI sector.
Read at Fortune
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