Additional $10 Million Funding for SoftLayer
March 26th, 2010 By: Rich Miller
SoftLayer Technologies has an additional $10 million of capital for its expansion through a lending facility arranged by DH Capital, the companies announced this week. The announcement expands on the $20 million credit line arranged last September.
DH Capital was able to gain additional commitments from a group of private investors based on SoftLayer’s “superior performance and business model and investors’ confidence in the management team,” said Dean Mann, Managing Director of DH Capital.
Last month SoftLayer announced that it has leased space for a new headquarters and data center in a Digital Realty Trust (DLR) facility in Dallas. Softlayer will relocate its headquarters from Plano to 60,000 square feet of space in the Dallas property, which is housed in three contiguous buildings. About 30,000 square feet will be converted to data center space to house the growing infrastructure at SoftLayer.
“This increased investment allows us to continue our momentum and accelerate our 2010 growth plans,” said Lance Crosby, CEO of SoftLayer. ”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.”
SoftLayer has raised over $100 million in financing to date, and now operates data centers at the Dallas Infomart carrier hotel, and in Internap facilities in Seattle and northern Virginia. The first phase of the new data center in the company’s Dallas camous is expected to come online July 15. Here’s a video providing a look at the status of the project:
D.FeinsteinPosted March 26th, 2010
I like that Softlayer is using Internap. Gives then greater credibility and 100% uptime. Perhaps they need to do more with Internap