(WEB HOST INDUSTRY REVIEW) — Data center operator Horizon Data Center Solutions (www.horizondcs.com) announced this week it has raised $5 million of a planned $7.5 million round of equity funding, according to a filing with the Securities and Exchange Commission.
In the filing, Horizon said it had sold 1.18 million undefined securities at $4.22 each.
The filing does not disclose the names of the two investors who purchased the securities.
The data center operator “may increase the per-unit price for additional issuances at its sole discretion,” and “is authorized to sell a maximum of (1.77 million) units,” according to the filing.
Horizon has six data centers, including three in the Dallas-Fort Worth area — one of which opened in September.
The company recently launched a private cloud computing solution, FlexSafe Cloud.
