CapitalSouth Partners, LLC Invests $2M in Web Host Hosting.com
November 14, 2008 - (HOSTSEARCH.COM) - CapitalSouth Partners, LLC, a company that provides “private equity and mezzanine capital to lower middle-market companies”, has invested $2m in web host Hosting.com, it was reported recently. The funding will enable Hosting.com to expand its enterprise colocation business throughout the United States.
"Hosting.com's growth in the colocation space over the last two years has been exceptional,” explained Director of CapitalSouth – Louisville, Mr. Kenneth S. Berryman. “CapitalSouth invests significantly in companies that have strong competitive advantages and proven management teams, and Hosting.com fits both criteria. We are excited to be a part of their growth!"
Hosting.com’s service enables enterprises to “deploy custom-built micro-data centers of 2,000-20,000 square feet inside one of Hosting.com's five SAS 70 certified data centers” located around the United States.
"Hosting.com is growing tremendously on an annual basis, and the economic downturn should fuel their continued success. Even in today's tough credit market, successful private equity investors are eager to put their money to work in great companies like Hosting.com," added Mr. Berryman.
"With today's economy, businesses continue to outsource their IT infrastructure to save money and focus on their core competencies. Hosting.com's colocation, managed hosting, and cloud computing solutions have never been in higher demand," said Darren G. King, CEO of Hosting.com. "We are thrilled to have a great capital partner like CapitalSouth to fund up to $15 Million of our data center expansion initiatives into key markets such as Silicon Valley, Northern Virginia, and Boston."
"We are receiving more calls from enterprises looking to save capital and improve their operational efficiencies by avoiding data center builds and turning to experienced providers such as Hosting.com for increased services," explained Hosting.com’s VP of Sales and Marketing, Jonathan Erwin. “Hosting.com cites the recent downturn in the economy as a reason to continue expansion and growth into new markets at this time.”
Hosting.com offers a range of services alongside enterprise collocation. These include cloud computing, dedicated hosting, managed hosting, disaster recovery and business continuance services. The company caters to a “global customer base demanding a high level of security, reliability and responsiveness”. Hosting.com currently operates SAS 70 certified data centers in Louisville, Kentucky; Irvine, California; San Francisco, California; Boston, Massachusetts, and is currently expanding into Silicon Valley and Northern Virginia.
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