(WEB HOST INDUSTRY REVIEW) — Global, on-demand virtual data center and hosting services provider SoftLayer Technologies, Inc. (www.softlayer.com) has been given $10 million in new investment, bringing its total of funds available under its senior notes facility to $30 million, which will be used to fund the company’s continued growth.
Facilitated by investment banking firm DH Capital, LLC (www.dhcapital.com), which serves companies in the communications and Internet infrastructure sectors, the additional financial commitments came from a group of private investors organized, and DH Capital served as exclusive financial advisor to SoftLayer on the transaction.
“This increased investment allows us to continue our momentum and accelerate our 2010 growth plans,” SoftLayer chief executive officer Lance Crosby said in a statement. “We are very pleased by the continued support of our investors, their confidence in our approach to hosting and DH Capital’s ability to tell our story.”
DH Capital originally established its financing arrangement with SoftLayer in September 2009, closing $20 million in financing from an unidentified private investment group. To date, SoftLayer’s total financing has risen to more than $100 million, and the company has, in turn, delivered increasing month-over-month profitability.
“Once again, we are very pleased to have been able to assist SoftLayer in securing this additional debt financing,” DH Capital managing director Dean Mann stated. “The increased financing is further evidence of the Company’s superior performance and business model and investors’ confidence in the management team.”
