SoftLayer Raises $20 Million to Fund Growth

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.

Get Daily Email News from DCK!
Subscribe now and get our special report, "The World's Most Unique Data Centers."

Enter your email to receive messages about offerings by Penton, its brands, affiliates and/or third-party partners, consistent with Penton's Privacy Policy.

About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.

Add Your Comments

  • (will not be published)