This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Informa

Green Cloud Gets Another $2 Million

September 05, 2013 - News
Comments

Cloud services provider Green Cloud Technologies, which has a channel-only sales model, has secured a $2 million senior line of credit from North Carolina-based Square 1 Bank. The line of credit will be used toward Green Cloud's ongoing expansion.

"Square 1 is a fantastic lending partner for Green Cloud," said Shay Houser, chief executive officer of Green Cloud. "We look forward to a long relationship as we grow over the coming months and years."

Green Cloud says it's working to expand its sales and marketing presence as well as to fund more data center facilities and operations.

The Greenville, S.C.-based company is adding senior channel managers throughout the Southeast and is accelerating its recruitment of channel partners in the region. Disaster recovery and virtual-server solutions continue to lead sales for Green Cloud, which also offers unified communications, hosted PBX and more for SMBs.

It was only back in April that Green Cloud announced landing $5.6 million in new Series C equity from Millry Corp., the company's largest backer. This latest funding brings the company's total to $11.6 million.

Comments
comments powered by Disqus
Related News
News
Licenses come as a monthly subscription with no annual commitments.
News
Star2Star says the addition of these new StarBox® Cloud Connection Managers and their improved
News
G12 is now able to offer its Advanced SIP Trunking services to ShoreTel partners and customers.