IaaS provider Ajubeo Secures Capital to Support Growth
August 21st, 2013 By: Jason Verge
Virtual data center and cloud Infrastructure as a Service (IaaS) provider Ajubeo has secured additional capital from Grey Mountain Partners, a Boulder-based private equity firm. The new capital is going towards continued expansion in the New York Metro Area, product development, staffing, and sales and marketing.
The capital comes in the wake of the company’s 600% quarterly revenue growth over the past 12 months.
“The cloud infrastructure market continues to expand at a rapid pace,” says Chuck Price, president and CEO of Ajubeo. “The question is no longer whether infrastructure-as-a-service is a viable alternative to traditional methods. Instead, customers are architecting their IT-based products and services around a diversified cloud strategy. This shift has led to strong demand for high-performance, production-ready cloud services from providers such as Ajubeo.”
Ajubeo is a national provider of high-performance, enterprise-class cloud infrastructure-as-a-service that keeps the CIO in mind; it’s founded and built by CIOs for CIOs. The company launched in May 2012, beginning in the Denver market. It has since deployed cloud hubs across several reliable and interconnected data centers, in Denver, New York, and London.
“We are excited to support Ajubeo’s leadership team, Chuck Price and Colorado CIO of the Year Tom Whitcomb, as they expand and enhance their industry-leading cloud infrastructure offering,” said Marcello La Rocca, affiliate manager at Grey Mountain Partners. “Ajubeo continues to deliver on a strong business plan, providing performance-sensitive customers with a 100% uptime cloud solution that has been measured at twice the performance of current market share leaders such as Amazon Web Services.”
Ajubeo’s IaaS offering includes enterprise class Virtual Datacenters, Virtual Desktops, Backup, Disaster Recovery as a Service and Restore as a Service. It focuses on providing scale, integration and compliance for enterprise virtual infrastructure. Cloud services are backed with a 100% SLA, and
The name Ajubeo is derived from Latin phrases which translate roughly to “beginning with strong relationships, mastery and order.”