Cloud hosting services provider Green House Data
has announced it has received a substantial credit line. Green House Data has headquarters in Cheyenne, Wyoming, United States alongside a presence in Denver, Colorado, Laramie, Wyoming, and Seattle, Washington. The company provides services through “highly energy efficient, green data centers” and alongside cloud hosting its VMware-based SSAE 16 Type II and HIPAA-compliant services extend to colocation, hybrid IT and managed services. It reportedly received a credit line of $16,000,000.
Green House Data’s credit line has been provided by Stamford, Connecticut, United States-based Post Road Group. The investment company specializes in “investing in opportunities that offer attractive risk-adjusted returns”. The credit line will fuel Green House Data’s expansion and “accelerate the company’s national growth strategy into new geographic markets”. To date the company operates in “49 US states, 6 Canadian provinces, and several states in Mexico”. The company will also use the investment it has received to “actively seeking acquisition expansion opportunities”.
“Historically, our company has self-funded through bootstrapping and individual investors,” explained Green House Data’s Vice President of Finance’s Jason Graf. “However, as Green House Data has grown, we looked for a capital partner with greater resources to ensure we can move quickly in this dynamic market.”Do you know of any other companies that have won investment recently? Let us know the details. Add your comments below.