nGenx, LLC Receives Equity Funding of $5.2 Million

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nGenx will use the equity funding to support growth activities and to expand it operational teams and systems.

We now offer all the geographic redundancy and failover capabilities of the largest cloud services providers while maintaining our flexibility to provide tailored cloud solutions to meet market demand," said Sam Newberry, nGenX CTO.

nGenx, LLC announces that it has received equity funding of $5.2 million from a private equity group comprised of former stockholders of Q-Comm Corporation, the company that owned nGenx through December 2, 2010. nGenx is utilizing this round of funding to support its recent investment in a next generation infrastructure as well as growth activities, including expanding its sales and marketing presence and success-based infrastructure and operational team growth.

“nGenx is ripe for meteoric organic growth from both its direct and indirect sales channels,” said Robert A. Bye, president of nGenx. “These investments are helping the company forge a path to support our projected growth in 2011 and 2012.” The nGenx leadership team has also secured a separate pool of money to fund potential acquisitions to increase scale.

nGenx recently completed its implementation of new infrastructure and internal IT systems. The infrastructure technology will allow nGenx to scale quickly and cost effectively while providing its customers redundant data storage across multiple data centers located in Indianapolis, IN; Louisville, KY and Evansville, IN. “With this new infrastructure build, nGenx has raised the bar. We now offer all the geographic redundancy and failover capabilities of the largest cloud services providers while maintaining our flexibility to provide tailored cloud solutions to meet market demand,” said Sam Newberry, nGenx chief technology officer. The new billing, website and CRM systems were implemented to replace legacy, telecom-focused systems and will allow nGenx to streamline operations and sales, and improve customer interaction.

About nGenx, LLC
Since its founding in 2000, nGenx has been a pioneer in cloud computing, working with strategic partners such as Microsoft, Citrix, VMware, Sage, BlackBerry and others to develop hosted IT applications provided in the cloud. nGenx solutions include Hosted Microsoft Exchange, Guardian Cloud® managed servers, Guardian DataStor® data backup and nGenx’s flagship software hosting solution, Office Anywhere® which provides access to line of business and Microsoft productivity applications anywhere on any device. nGenx markets its solutions through both a direct channel and a highly robust white label program supported by its Guardian Control Panel, a single pane-of-glass provisioning system that allows white label partners and enterprise customers complete control over their environments.

nGenx operates a network of three autonomous data centers, each approximately 100 miles apart, all connected by a highly available fiber-optic network. From these data centers, the company provides cloud computing and Infrastructure as a Service (IaaS) solutions with inherent geographical diversity of data storage for its customers’ data, applications, servers and backup. nGenx’s cloud computing and IaaS solutions are SAS 70, Type II certified, assuring the customer that nGenx’s processes and facilities are tested and secure. For more information, visit http://www.ngenx.com.

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Janet CInelli
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