Latisys is the leasing provider of colocation, managed hosting and services and disaster recovery solutions in the United States. The company recently announced a major expansion effort to its credit facility from $110 million to $125 million. The expansion was reflected by strong support for future company growth and the implementation of state-of-the-art data center locations across the United States.
Expanding Efforts with the Extra Credit
The new funds will be utilized for supporting customer growth and expanding capacity at Latisys’ 123,000 square foot data center campus in Northern Virginia. At the beginning of 2011, the firm added 14 megawatts of power and expanding the floor space at the facility by 26,000 square feet. At the same time, Latisys announced a new data center that was optimized to meet the growing demand for high-density space, power and cooling.
Other Recent Expansions
Since then, Latisys has strategically improved its overall operations by acquiring and expanding current facilities while investing in resources toward improving the managed hosting arm of the company. Additionally, the enterprise has expanded its cloud computing capabilities. By increasing the credit facility, Latisys is able to take advantage of the many business opportunities in the Greater Washington, D.C. area and other large markets.
Source of the Credit Facility
The $125 million credit facility is primarily funded by an existing group of eight financial institutions including, RBC Capital Markets, Bank of America, CapitalSource, GE Capital, Caterpillar Financial Services, TD Securities, SunTrust Robinson Humphrey and Madison Capital Funding.
Latisys currently boasts state-of-the-art data centers in Northern Virginia, Denver, Chicago and Irvine, California resulting in coverage across all U.S. time zones. This allows for unmatched scalability and multi-site redundancy for all information technology infrastructure demands, setting them far ahead of the competition.
Information about Latisys
Latisys provides managed hosting and services, colocation hosting and disaster recovery solutions to government agencies, enterprises and medium-sized businesses. Founded in 1994, Latisys has been serving customers utilizing multiple high-density SAS70 Type II data centers across the United States. The company continues to offer its popular scalable outsourced IT infrastructure management solutions providing everything a customer could need.
Latisys is a major player in the web hosting industry boasting some of the most hi-tech facilities and best managed solutions. With this credit facility expansion, the company will be able to further its presence and continue to have a commanding edge over the competition.