SoftLayer Raises $20 Million to Fund Growth
September 30th, 2009 By: Rich Miller
IT infrastructure provider SoftLayer Technologies announced that it has closed on $20 million in senior notes from a private investment group, which will be used to fund the continued growth of the company. DH Capital served as exclusive financial advisor to SoftLayer on the transaction.
“This investment will allow us to accelerate our growth plans and further validates our unique approach to the hosting business,” said Lance Crosby, CEO of SoftLayer. “It was great to work with a firm like DH that really understands our sector and the SoftLayer difference. I don’t think a deal like this would have been possible without them.”
“We are pleased to have been able to assist SoftLayer in securing this debt financing,” said Peter Hopper, President of DH Capital. “Despite the challenging credit market environment, the Company’s superior performance and business model presented a compelling opportunity for investors.”
SoftLayer has raised over $100 million in financing to date and has delivered increasing month-over-month profitability. The company is based in Plano, Texas, and operates data centers at the Dallas Informart carrier hotel, and in Internap facilities in Seattle and northern Virginia.