365 Data Centers Raises $16M

Company raises $16 million in funding and gains access to additional $55 million credit facility to support sustained growth.

September 12, 2014

2 Min Read

EMERYVILLE, Calif. -- 365 Data Centers, one of the top U.S. colocation providers by market presence, today announced that it has raised $16 million in Series B funding from existing investors Crosslink Capital and Housatonic Partners and has secured a $55 million credit facility from Fortress Credit Corp., an affiliate of Fortress Investment Group, that enables the company to execute on its continued expansion strategy. Just a few months after announcing a new management team, corporate identity and365 Quick Start which makes data centers more accessible, 365 Data Centers has achieved triple-digit percentage YOY sales growth and broken its all-time quarterly sales record by over 20 percent.

The financing will be used for ongoing operations and to help the company realize its growth strategy as a provider of colocation services in tier 1 and tier 2 U.S. markets. The funds will also be used to develop new data center products, as well as expanding its cloud and managed services offerings. With a presence in 16 U.S. markets, more than most other colocation providers, 365 Data Centers provides highly reliable data center services with cloud-like, commitment-free contract terms that are ideally suited for service providers, content providers, carriers, and small to medium-sized businesses.

“365 Data Centers brings greater flexibility and accessibility to clients through solutions that simplify colocation services to bring them more in line with cloud consumption models. This new financing allows us to continue executing on our growth strategy, whether organically or by acquisition,” said John Scanlon, CEO, 365 Data Centers. “We’ve put together an experienced management team, created a strong growth plan, and delivered great results in a matter of months. We have the faith and support of capital markets behind us, and when talent meets capital, good things happen.”

365 Data Centers

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