DH Capital Announces New Financing For Softlayer Hosting Services

September 30, 2009 by · Comments Off on DH Capital Announces New Financing For Softlayer Hosting Services 

SoftlayerWeb Hosting ServicesNEW YORK, NY & BOULDER, CO — DH Capital, LLC (“DH Capital”), a leading investment banking firm serving companies in the Communications and Internet Infrastructure sectors, announced the closing of up to $20,000,000 in senior notes for SoftLayer Technologies, Inc. (“SoftLayer”) from a private investment group. SoftLayer is a premier provider of global, on-demand virtual data center and hosting services from facilities across the U.S. The financing will be used to fund the continued growth of the company.

“This investment will allow us to accelerate our growth plans and further validates our unique approach to the hosting business,” stated Lance Crosby, CEO of SoftLayer. He continued, “It was great to work with a firm like DH that really understands our sector and the SoftLayer difference. I don’t think a deal like this would have been possible without them.”

SoftLayer has raised over $100 million in financing to date and has delivered increasing month-over-month profitability.

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