Vazata Raises $13 Million in Expansion Capital
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.”
Vazata offers managed hosting and cloud services from three data centers, including two in the Dallas area it leases from Digital Realty, and a northern Virginia facility housed at the COPT Power Loft data center in Manassas.
The company’s focus is “taking colo to the cloud.”Over the past two years the Vazata has added customers in a wide breadth of sectors including U.S. Federal Government Agencies, Software-as-a-Service providers, sports and entertainment, healthcare, legal, consumer products/services and non-profit organizations.
“U.S. market growth projections for cloud services and IaaS are significant,” said said Anish Sheth, Principal, Altpoint Capital. ”Vazata’s history of achievement in both the government and commercial sectors speak to the attractiveness of their highly secure and compliant product offerings. Lance and his team have a solid vision for growth and we look forward to working together with management and Ballast Point on the many opportunities that lie ahead.”
“We view this as a critical step in the process of not only expanding VAZATA’s market presence in terms of solution offering and customer portfolio, but also in accelerating VAZATA’s growth rate,” said Paul Johan, Partner at Ballast Point Ventures.