Green Cloud Technologies, the channel-only cloud provider, has received the largest investment in its eight-year history from Goldman Sachs Specialty Lending Group (GSSLG).
The financing package supports Green Cloud’s short-term and long-term growth goals to advance the company’s business model focused on building partner networks and providing customers with servers, backup and recovery solutions. The amount of the financing is not being disclosed.
Charles Houser, Green Cloud’s co-founder and executive vice president of sales and marketing, tells Channel Partners the financing will benefit his company’s partners because “this will mean more product expansion and development for a more robust suite of new security offerings.”
“Partners play 100 percent in our short-and long-term goals,” he said. “The market is demanding enhanced managed security offerings, product developments and enhancements, so this financing allows us to equip our channel partners nationwide with a new product to offer their clients.”
Green Cloud operates six data centers in Atlanta; Greenville, South Carolina; Houston; Minneapolis; Nashville; and Phoenix. Its data centers give channel partners virtual servers, backup and disaster-recovery solutions – built on platforms such as Cisco and VMware – to offer their customers.
“This financing significantly speeds up the delivery of our new security offerings, as well as products that are still in development,” Houser said. “Increasing our product development turnaround time gets in-demand products into the hands of our partners faster and allows them to enhance their product portfolio quicker.”
GSSLG is a lending and investing platform that provides financing to midmarket companies based in the U.S., Canada, the U.K. and continental Europe.
“This financing enables us to successfully deliver powerful, scalable technology solutions, products and services that support SMBs and enterprise-class organizations,” said Keith Coker, Green Cloud’s co-founder and CEO. “Investing in our cloud architecture and infrastructure is essential in order to evolve with technology and provide an uncommon level of partner support to serve our customers.”