Crestline's investment enables us to accelerate our growth plans and focus on delivering best-in-class infrastructure and services. We look forward to deploying the capital into future acquisitions and growth initiatives.
SAN JOSE, Calif. (PRWEB) November 06, 2019
Evocative Data Centers ("Evocative" or the "Company"), a leading provider of internet infrastructure, colocation, hosting, and managed services, announced today that it recently completed a $30 million debt and preferred equity investment led by Crestline Investors, Inc. ("Crestline"), a credit-focused institutional alternative asset manager. Financing proceeds will be used to support the Company’s acquisitive growth strategy.
Evocative Data Centers, headquartered in Emeryville, CA, was founded in 2017 with a $2.5 million seed investment and has grown from two data centers in San Francisco Bay Area to seven facilities in five markets, including: Los Angeles, San Francisco, San Jose, Phoenix, Dallas, and Virginia. The Company's carrier neutral data centers offer full stack IT expertise including connectivity, public, private, and managed cloud, bare metal hosting, managed services, IT support, backup and recovery, and security services. Today, the Company's data centers and services are utilized by over 700 enterprise and technology companies and support mission-critical application infrastructure.
"Evocative is thrilled to partner with Crestline Investors, as they have extensive experience in the data center and managed services industries. Crestline's investment enables us to accelerate our growth plans and focus on delivering best-in-class infrastructure and services. We look forward to deploying the capital into future acquisitions and growth initiatives," said Arman Khalili, CEO of Evocative.
"Under the leadership of industry veteran Arman Khalili, Evocative is well-positioned for continued success as it expands its infrastructure and services capabilities," said Will Palmer, Managing Director at Crestline Investors who will be joining the Company’s Board of Directors. "We have been impressed with Evocative's capabilities and look forward to continued growth at the Company."
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund and provides beta and hedging solutions for institutional clients. Headquartered in Fort Worth, Texas, the company maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo.
For more information, please visit https://www.crestlineinvestors.com.
Evocative Data Centers is a national provider of internet infrastructure and hosting services in five strategic markets. With seven data centers located in Los Angeles, San Francisco, San Jose, Phoenix, Dallas, and Virginia, Evocative operates facilities aggregating 8 MW of power across 100,000 square feet. The Company's carrier-neutral data centers are HIPPA, IDS, ISAE, SSAE, and PCI DSS compliant and offer full stack IT expertise including network, hosting, cloud, bare-metal, security, and managed services to support mission-critical application infrastructure.
For more information, please visit https://www.evocative.com.