Green Cloud Gets $4 Million for Expansion

Green Cloud Technologies, which sells only through partners, will use additional equity from investors and an extension of its senior credit facility with Square 1 Bank – a sum of $4 million – to expand its national channel program through new partner recruitment and cloud-related acquisitions.

“The IaaS market, particularly for the SME space, is in the first inning of the game and has years to develop into the more than $50 billion market it will eventually become. Consolidation is an absolute reality and Green Cloud plans to participate aggressively during our quest to $1 billion in value creation,” said Shay Houser, CEO of Green Cloud.

Green Cloud has recently released Private Cloud, Hybrid Cloud, SAN-SAN, enhanced Tintri-based SSD configurations and more.

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