Privately held data center operator ViaWest received $65 million in debt financing to be used in ‘future growth initiatives,’ which presumably means a continuation of the company’s past and current efforts to expand. The bulk of the sum came from RBC Capital Markets, and the remaining $10 million was provided by Barclays Private Credit Partners Fund and Solar Capital.
ViaWest was acquired by Oak Hill Capital two years ago, and has since then expanded its network of cloud facilities to 22 after the opening of new centers in Portland, Oregon and Dallas, Texas. In addition it also runs a portfolio of services including KINECTed Storage, Managed Security, KINECTed Back Up and several equally gimmicky ones.
“As a result of ViaWest’s outstanding growth and industry reputation, we received numerous commitments from new and existing lenders,” states Michael Krza, Chief Financial Officer of ViaWest. “With this additional funding, we will continue to execute on our strategic growth plans, invest in new and expanded data center facilities and further develop the latest technologies and managed services our clients require.”
There’s been a lot going on in the cloud and data center scene lately, especially around the topic of migration. Companies need a way to keep their apps and data accessible, safe and sound while they upgrade their infrastructure, using products from companies like Dell and FalconStor.
Dell acquired a company named Clerity Solutions this week to strengthen its line-up of offerings catering to this specific market, a move that underscores an earlier OEM agreement with FalconStor. The latter is working on the means to keep applications running while they’re been migrated, a vision that ties in with data protection according to CEO Jim McNeil.
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