centers 365 data, a colocation provider with 17 data centers across the US, raised 16 million $ series B funding from existing investors Crosslink Capital and Housatonic Partners and obtained a credit facility of $ 55 million from Fortress credit Corp., an affiliate of Fortress Investment Group.
funding will be used for ongoing operations and to help the company achieve its growth strategy as colocation service provider level 1 and level 2 American markets. The funds will also be used to develop new products data centers as well as the expansion of its cloud hosting and managed services offerings. The new funding round follows the announcement of a new management team a few months ago.
"This new funding allows us to continue executing our growth strategy, both organic and by acquisition," said John Scanlon, CEO of 365 centers data . "We have established an experienced management team, established a strong growth plan and delivered excellent results in a few months. We have faith and support of capital markets behind us, and when the talent capital meet, good things. "
The expected growth
Service 365 colocation data centers are suitable for small and medium enterprises, telcos and cloud hosting service providers.
"with the largest cloud market in the world and the adoption of cloud control center data and increasing expansion colocation, North America represents a large market opportunity with an expected growth of 15 percent this year to more than $ 8 billion, "said Gary Hromadko , partner at Crosslink Capital . "We could not be happier with the success of the business in this growing market and to remain steadfast in our continued support of our strategy."
365 data centers also recently announced the launch of 365 Quick Start, a solution bundle to simplify colocation services by offering online registration and terms without commitment. 365 Quick Start offers pay to use a colocation service that would meet the needs of SMEs and the channel.
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