Englewood, CO (PRWEB) May 10, 2011
Latisys, a leading national provider of colocation, managed hosting, managed services and disaster recovery solutions, today announced an expansion to its credit facility from $110 million to $125 million. The increase to the credit facility was 2x oversubscribed – reflecting strong support for the firm’s growth prospects and national platform of state-of-the-art data center facilities across the U.S.
Availability of the new funds will be utilized in part to support customer growth and to expand capacity at Latisys’ 123,000 square foot Tier III Data Center Campus in Ashburn, Virginia. In early 2011, Latisys added 14 megawatts of additional power and made available 26,000 square feet of new, raised floor datacenter space at the facility. The company also announced a new data center-as-a-service offering, optimized specifically to meet strong demand for high-density space, power and cooling from enterprises, government agencies and service providers in the Greater Washington market.
“Over the past several months, Latisys has strategically scaled its operations through acquisitions and facility expansion, while continuing to invest resources towards enhancing our managed hosting and soon-to-be released next generation cloud platform,” said Doug Butler, Chief Financial Officer for Latisys. “Increasing the credit facility further enables Latisys to pursue the tremendous business opportunities we are seeing in Greater Washington, DC and our other key markets, and bring innovative solutions to our customers.”
The oversubscribed $125 credit facility is funded by the existing consortium of eight leading financial institutions, including RBC Capital Markets, TD Securities, Madison Capital Funding, Bank of America, CapitalSource, Caterpillar Financial Services Corp., GE Capital and SunTrust Robinson Humphrey.
With state-of-the-art data center facilities in Northern Virginia, Chicago, Denver and Irvine, California, Latisys now delivers coverage across all U.S. time zones – including gateways into the Asia Pacific and Europe – delivering unmatched scalability and multi-site redundancy to enterprise customers whether they want to off-site, off-load or optimize their IT infrastructure.
Latisys is a leading provider of colocation, managed hosting, managed services and disaster recovery solutions to medium-sized businesses, enterprise customers and government agencies. With a heritage serving business customers since 1994, and multiple high-density, SAS70 Type II compliant data centers across the United States, Latisys offers scalable outsourced IT infrastructure management solutions that provide customers what they need, when they need it. The firm’s new, state-of-the-art Tier III data center campus in Ashburn, Virginia compliments existing facility operations in Chicago, Denver and Irvine, California. As a data center-centric company, Latisys is quickly becoming the hosting and colocation company of choice for companies that demand more from their IT infrastructure partner. All while optimizing clients' return on investment. All while 'delivering more_'. Call 1-866-956-9594 or visit http://www.latisys.com for additional information.