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Web Host VAZATA Raises $13 Million in Growth Equity Funding

  • Release time:2012-09-14

  • Browse:5109

  • Web hosting and colocation provider VAZATA announced on Thursday that it has raised $13 million in growth equity to fund expansion initiatives.

    This news comes a couple of days after web hosting provider PeakColo raised $7.5 million in growth equity capital to expand in new markets.

    According to VAZATA, Altpoint Capital Partners led the investment while existing investors Ballast Point Ventures and CEO of VAZATA, Lance Black, participated as well.

    VAZATA says that over the past 24 months it has launched successful new products and services, was successful in completing FISMA and SSAE 16 Type II audits, and added customers in a range of sectors including federal agencies, SaaS providers, sports and entertainment, healthcare, legal, and non-profit organizations. The new funding will take advantage of this momentum, VAZATA says.

    “This investment allows for further expansion of our vStructure IaaS platform, geographic presence and professional resource pool. 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,” Lance Black, VAZATA CEO said in a statement. “The next milestone is to make strategic investments that will increase that momentum. 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 launched its IaaS platform vStructure a year ago in September 2011. This launch came as VAZATA rebranded, changing its name from Horizon Data Center Solutions.

    “US market growth projections for cloud services and IaaS are significant. 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,” Anish Sheth, principal, Altpoint Capital, said in a statement.

    VAZATA has data centers in Dallas and North Virginia, according to its website.




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