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SoftLayer gets US$10 million in new financing to fund growth

Global, on-demand virtual data centre and hosting services provider SoftLayer Technologies, has been given a US$10 million in new investment, bringing its total of funds available under its senior notes facility to US$30 million, which will be used to fund the company's continued growth. Facilitated by investment banking firm DH Capital, the additional financial commitments came from a group of private investors organised, and DH Capital served as exclusive financial advisor to SoftLayer on the transaction.

 

"This increased investment allows us to continue our momentum and accelerate our 2010 growth plans," SoftLayer chief executive officer Lance Crosby said. "We are very pleased by the continued support of our investors, their confidence in our approach to hosting and DH Capital's ability to tell our story”.

 

Source: The WHIR

 

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