Grey Mountain Partners is providing an undisclosed amount of growth equity financing for Ajubeo, a provider of enterprise-class virtual private data centers and cloud infrastructure-as-a-service. Grey Mountain Partners is a Boulder, Colorado-based private equity firm.
Grey Mountain Partners (“Grey Mountain”) through its affiliate, Infrastructure Investors LLC, announced a growth equity investment in its affiliate company Ajubeo (the “Company”), a provider of high-performance, enterprise-class virtual private data centers and cloud infrastructure-as-a-service (IaaS).
“Grey Mountain is pleased to support Ajubeo as the organization continues to capitalize on strong demand for cloud infrastructure and related services,” said Marcello La Rocca, Affiliate Manager at Grey Mountain Partners. “The Company delivered its strongest quarter in the company’s history; growing revenues by over 600% and increasing its cloud partner program participation by over 400%.”
“Our partnership with Ajubeo started long before our initial investment when Chuck Price, President and CEO of Ajubeo, was part of Grey Mountain’s Executive Sponsorship Program (ES Program),” commented Jason Urband, Senior Associate at Grey Mountain Partners. “The ES Program is designed to build lasting relationships with exceptional operators before a deal is even on the table. We are excited our ES Program afforded us the opportunity to be part of Chuck’s vision for Ajubeo.”
“Grey Mountain Partners continues to deliver on their initial commitment to Ajubeo, fueling our growth and helping our organization scale as demand dictates,” said Chuck Price. “Having a financial partner like Grey Mountain enables Ajubeo to surpass short and long-term objectives, combining full capitalization with our industry-leading cloud architecture to capture new demand regardless of size or complexity.”
With the investment, the Company projects the launch of two new cloud hub locations in the United States by the end of 2012, adding additional technical operations personnel, as well as international expansion to Southeast Asia and Europe in 2013 and 2014, respectively.
For more information on Ajubeo, visit www.Ajubeo.com.
Ajubeo is a provider of high-performance, enterprise-class virtual private data centers and cloud Infrastructure-as-a-Service (IaaS), founded and built by CIO’s, for CIO’s. 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 enterprises. Ajubeo backs its cloud services with a 100% SLA and corporate commitment to customer satisfaction. Cloud hub locations include the world’s most reliable and connected data centers in Denver, New York, and London, 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.