Hosting News
Hosting.com Raises $2 Million to Expand Colocation Services and Offerings
2008-11-08
CapitalSouth Partners, LLC Invests $2 Million in Hosting.com during Initial
Round of Funding to Expand Hosting.com?s Enterprise Colocation Business
throughout the United States
November 7, 2008 - (Louisville, KY) Hosting.com, the first name in global
hosting solutions and services, today announced it has completed a $2 million
round of funding with CapitalSouth Partners, LLC. Hosting.com will utilize the
CapitalSouth funding to continue to expand its Enterprise Colocation business,
which 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.
CapitalSouth, headquartered in Charlotte, NC also operates an office in
Louisville, KY, site of Hosting.com?s corporate offices. After years of watching
the rapid growth and expansion of Hosting.com, CapitalSouth executives partnered
with Hosting.com to increase the number of data centers Hosting.com operates.
?Hosting.com?s growth in the colocation space over the last two years has been
exceptional. CapitalSouth invests significantly in companies that have strong
competitive advantages and proven management teams, and Hosting.com fits both
criteria,? stated Kenneth S. Berryman, Director of CapitalSouth ? Louisville.
?We are excited to be a part of their growth!?
The city of Louisville has worked closely with CapitalSouth over the past two
years to encourage local mezzanine investments in Louisville-based companies.
Louisville, KY Mayor Jerry Abramson stated, ?We are very pleased that our 2-year
effort to attract a top mezzanine debt firm to Louisville played a role in
making this exciting expansion by Hosting.com possible.?
Since 2006, Hosting.com?s expansion has included data centers in Irvine, CA, San
Francisco, CA, and Louisville, KY. During that time, Hosting.com has continued
to operate its other data centers in Boston, MA and Louisville, KY.
?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.?
Hosting.com cites the recent downturn in the economy as a reason to continue
expansion and growth into new markets at this time. ?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,? commented Jonathan Erwin, VP of
Sales and Marketing at Hosting.com.
Berryman added, ?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.?
About Hosting.com
Hosting.com provides enterprise colocation, cloud computing, dedicated hosting,
managed hosting, disaster recovery and business continuance services to a global
customer base demanding a high level of security, reliability and
responsiveness. Hosting.com monitors, manages, and enhances the web based
platforms of Web 2.0 companies, software as a service providers (SaaS), content
distribution networks (CDN), and medium to large enterprises whose web presence
is crucial and high availability mandatory. 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.
For more information, please visit
www.hosting.com or call the company at 800-446-7627.
About CapitalSouth Partners
CapitalSouth Partners was founded in 1998 to provide private equity and
mezzanine capital to lower middle-market companies. Since its inception,
CapitalSouth has closed over 50 transactions. With over $500 Million under
management through multiple committed funds, CapitalSouth actively seeks to
invest in lower middle-market companies located primarily in the South,
Southwest and Midwest, but also throughout the U.S.
CapitalSouth Partners provides junior capital to lower middle-market companies
for growth financings, management buyouts, control/leveraged buyouts,
acquisitions and recapitalizations. The Fund seeks to invest between $3 Million
and $15 Million in companies that possess strong competitive advantages and have
proven, successful management teams. Investments of up to $25 Million can be
arranged through syndication, where CapitalSouth Partners will serve as the lead
investor.
CapitalSouth Partners is headquartered in Charlotte, NC and operates
full-service offices in Raleigh, Tampa, Dallas, and Louisville.
Click here for more information
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