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IO Closes $260M Credit Facility to Build Out Modular Data Center Platform

May 14, 2013 — Data center operator IO announced on Tuesday it has closed a new $260 million, multi-year credit facility led by Wells Fargo. Keep on reading: IO Closes $260M Credit Facility to Build Out Modular Data Center Platform Continue reading

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8kMiles Acquires Cloud Security Firm FuGen Solutions for $7.5 Million

May 14, 2013 — Cloud hosting provider 8KMiles announced on Tuesday it has acquired cloud and big data security provider FuGen Solutions for $7.5 million. Keep on reading: 8kMiles Acquires Cloud Security Firm FuGen Solutions for $7.5 Million Continue reading

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T5 Data Centers Raises $113M to Expand T5@Dallas Facility

May 14, 2013 — T5 Data Centers announced on Tuesday that it has completed a loan for $113 million to expand its T5@Dallas data center facility. With this loan, T5 Data Centers has raised a combined $500 million over the past three years. Keep on reading: T5 Data Centers Raises $113M to Expand T5@Dallas Facility Continue reading

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PEER 1 Hosting Study Shows Security Concerns Continue to Hinder Cloud Adoption

May 14, 2013 — UK web hosting provider Peer 1 Hosting announced on Tuesday it has released the results of its latest survey which found that the fear of security threats is preventing 92 percent of IT decision makers from adopting the cloud. Keep on reading: PEER 1 Hosting Study Shows Security Concerns Continue to Hinder Cloud Adoption Continue reading

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Database as a Service Provider Cloudant Raises $12M from Rackspace, Others

May 14, 2013 — Database as a service provider Cloudant announced on Tuesday that it has raised $12 million in series B funding from Rackspace Hosting, Devonshire Investors and Toba Capital to support its global expansion. Keep on reading: Database as a Service Provider Cloudant Raises $12M from Rackspace, Others Continue reading

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