Ajubeo said Wednesday that it has received an investment from Grey Mountain Partners, a private equity firm. No financial terms were disclosed. According to Ajubeo, the capital will be used for product development and continued expansion into the New York market. Headquartered in Boulder, Colorado, Ajubeo is a provider of virtual datacenters and cloud solutions.
BOULDER, Colo.–(BUSINESS WIRE)–Ajubeo, a national provider of high-performance virtual datacenters and cloud infrastructure-as-a-service (IaaS), today announces it has secured additional capital from Grey Mountain Partners, a Boulder-based private equity firm.
“We are excited to support Ajubeo’s leadership team, Chuck Price and Colorado CIO of the Year Tom Whitcomb, as they expand and enhance their industry-leading cloud infrastructure offering”
The new capital will be used to support strong demand, 600% quarterly revenue growth over the past 12 months, for Ajubeo’s enterprise-class Virtual Datacenters, Virtual Desktops, Backup and Restore-as-a-Service and Disaster Recovery-as-a-Service. Specifically, the new capital will fund continued expansion in the New York Metro Area, new product development, staffing, and sales and marketing initiatives.
“The cloud infrastructure market continues to expand at a rapid pace,” says Chuck Price, president and CEO of Ajubeo. “The question is no longer whether infrastructure-as-a-service is a viable alternative to traditional methods. Instead, customers are architecting their IT-based products and services around a diversified cloud strategy. This shift has led to strong demand for high-performance, production-ready cloud services from providers such as Ajubeo.”
“We are excited to support Ajubeo’s leadership team, Chuck Price and Colorado CIO of the Year Tom Whitcomb, as they expand and enhance their industry-leading cloud infrastructure offering,” adds Marcello La Rocca, affiliate manager at Grey Mountain Partners. “Ajubeo continues to deliver on a strong business plan, providing performance-sensitive customers with a 100% uptime cloud solution that has been measured at twice the performance of current market share leaders such as Amazon Web Services.”
For more information on Ajubeo, visit www.ajubeo.com
Ajubeo is a national provider of high-performance, enterprise-class cloud infrastructure-as-a-service, founded and built by CIOs for CIOs. The Ajubeo IaaS offering includes virtual datacenters, virtual desktops, cloud-based disaster recovery, cloud-based data backup and restore, and cloud-based systems and application monitoring. Discerning organizations select Ajubeo for the increased business and architectural agility that comes from flexible, high-performance cloud infrastructure built to handle the scale, integration and compliance of today’s enterprise. Ajubeo backs its cloud services with a 100% SLA and corporate commitment to customer satisfaction. Cloud hubs are deployed in the world’s most reliable and interconnected carrier-neutral datacenters, accessible via secure, private network connections from anywhere in the world. For more information, please visit www.ajubeo.com.
ABOUT GREY MOUNTAIN PARTNERS
Grey Mountain Partners is a Boulder, Colorado-based private equity firm that focuses on partnering with management teams to create industry-leading businesses with best-in-class operations. Grey Mountain invests in lower middle-market companies across a wide range of industries and in transactions with enterprise values between $30 million and $150 million. For more information, please visit www.greymountain.com.