RapidScale, a cloud managed services provider, has closed a round of six original angel investor funding followed . RapidScale use the funds to hire sales engineers clouds and regional channel managers, and initiate strategic partnerships with multi-system operators and telcos.
"We were very impressed with the progress of RapidScale in 2015 and are pleased to have participated in this round of investment," said one individual angel investors Jim Patterson, CEO of Patterson Advisory Group and former president of the wholesale division of Sprint . "As RapidScale addressable market continues to grow, we wanted to ensure they had enough capital to extend their reach and improve their competitive position. . In addition, Kevin Costello service on the board will provide guidance and additional guidance "
The other individual angel investors include:
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Scott Luttrell, CEO and Chief LCM investment Group - Kevin Costello, former president of Ariba, Inc., an SAP company
- Marvin Wheeler, former COO of Terremark and current President of Cybraics
- Two other investors in the private equity industry
"We are excited to work with this group of investors for the second time in less than three years, "said Randy Jeter, CEO and co-founder of RapidScale . "They were extremely helpful as we grew revenues and cash flows. Being supported by this financial group for a second time also speaks volumes to the direction of RapidScale, and the belief that they all have in him."
over the past three years, RapidScale has experienced an average growth of 0%. The company was able to reach this level by increasing sales of clouds channels, both retailers by Master Agents and wholesale through VARs, MSPs and SaaS Providers . Product innovation is also a key reason for the recent growth RapidScale.
RapidScale of "innovative" solutions include CloudServer, CloudDesktop, CloudOffice, CloudMail, CloudRecovery, CloudApps, and more. The cloud managed services provider has been recognized as one of the 25 Coolest Emerging Vendors CRN and named in its Cloud Partner Program Guide as 2014 and 2015.
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