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Virtualization Services Provider Media Temple Raises New Growth Capital

April 22, 2010 by · Comments Off on Virtualization Services Provider Media Temple Raises New Growth Capital 

Web Hosting ToolboxLOS ANGELES, CA – (mt) Media Temple, Inc., a global provider of virtualized, managed hosting, today announced its first outside investment of $15 million in expansion capital from Triangle Capital Corporation (Raleigh, NC) as lead investor, and GMB Mezzanine Capital, L.P. (Minneapolis, MN). The technology investment banking group of Morgan Joseph & Co. Inc. advised Media Temple on the transaction and arranged the financing.

“(mt) has experienced significant growth since inception in 1998. The leadership team has done a fantastic job at bootstrapping the business while simultaneously building a world-class culture centered around customer service. With the opportunities presented by our new product roadmap, it became clear that now was the time to raise our first round of growth capital,” said Demian Sellfors, CEO. Read more

Media Temple Enters the Magic Quadrant for Web Hosting and Hosted Cloud System Infrastructure Services

August 31, 2009 by · Comments Off on Media Temple Enters the Magic Quadrant for Web Hosting and Hosted Cloud System Infrastructure Services 

Web Hosting ToolsCULVER CITY, CA – (mt) Media Temple Inc., a privately held web hosting services company, announced today that Gartner, Inc., an IT research organization, has positioned Media Temple in their Magic Quadrant report along with global brands AT&T, IBM and Amazon for “Web Hosting and Hosted Cloud System Infrastructure Services (On Demand).”

To appear in this Magic Quadrant, Media Temple was selected from a number of technology companies based on a mix of industry-specific criteria, including: on-demand hosting as a stand-alone service, 24/7 customer support, and a significant market presence (revenues of more than $20 million in sales).

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