Cloud Computing: Vazata Raises $13 Million in Expansion Capital
September 13, 2012
Grazed from DataCenterKnowledge. Author: Rich Miller.
Cloud computing service provider Vazata (formerly Horizon Data Center Solutions) has raised $13 million in growth equity, and will use the money to expand into new markets and built its sales operation, the company said today. The funding includes a lead investment from Altpoint Capital Partners LLC and follow-on investments from existing investors Ballast Point Ventures and Lance Black, the CEO of Vazata.
“This investment allows for further expansion of our vStructure IaaS platform, geographic presence and professional resource pool,” said Black. “We’ve realized steady growth in all lines of our business including managed services, virtualization solutions and traditional colocation, and we’ve been able to secure new customer engagements in both the government and enterprise sectors…
“The next milestone is to make strategic investments that will increase that momentum,” Black added. “We couldn’t have chosen a more ideal partner than Altpoint Capital. They understand the dynamics of our industry, share a common vision and have a proven track record of success.”…
Read more from the source @ http://www.datacenterknowledge.com/archives/2012/09/12/vazata-raises-13-million-in-expansion-capital/