VAZATA Raises $13M Growth Equity
PLANO, TX, Leading provider of complex managed hosting, Infrastructure-as-a-Service (IaaS) and colocation, today announced it has raised $13 million in growth equity.
VAZATA, a leading provider of complex managed hosting, Infrastructure-as-a-Service (IaaS) and colocation, today announced it has raised $13 million in growth equity to accelerate expansion initiatives and take advantage of current sales momentum. The $13 million total includes a lead investment from Altpoint Capital Partners LLC and follow-on investments from existing investors Ballast Point Ventures and Lance Black, CEO of VAZATA.
Lance Black, CEO of VAZATA, said, "this investment allows for further expansion of our vStructure IaaS platform, geographic presence and professional resource pool. We've realized steady growth in all lines of our business including managed services, virtualization solutions and traditional colocation, and we've been able to secure new customer engagements in both the government and enterprise sectors. The next milestone is to make strategic investments that will increase that momentum. We couldn't have chosen a more ideal partner than Altpoint Capital. They understand the dynamics of our industry, share a common vision and have a proven track record of success."
Over the past 24-months, VAZATA has launched successful new products and services, secured important infrastructure accreditations - like FISMA compliance and SSAE 16 Type II audits - and added customers in a wide breadth of sectors including U.S. Federal Government Agencies, Software-as-a-Service providers, sports and entertainment, healthcare, legal, consumer products/services and non-profit organizations.
"U.S. market growth projections for cloud services and IaaS are significant. VAZATA's history of achievement in both the Government and Commercial sectors speak to the attractiveness of their highly secure and compliant product offerings. Lance and his team have a solid vision for growth and we look forward to working together with management and Ballast Point on the many opportunities that lie ahead," said Anish Sheth, Principal, Altpoint Capital.
Altpoint Capital joins Ballast Point Ventures as the second institutional investor in VAZATA. Paul Johan, Partner at Ballast Point Ventures, commented, "we view this as a critical step in the process of not only expanding VAZATA's market presence in terms of solution offering and customer portfolio, but also in accelerating VAZATA's growth rate."
VAZATA is a complex managed hosting, Infrastructure-as-a-Service (IaaS) and colocation provider serving Global 1000 businesses, U.S. Federal Government Agencies and Mid-Market Enterprises. The company provides highly secure, stable, and scalable technology solutions that meet the challenges of its global customers using a proprietary cloud architecture called vStructure. The vStructure IaaS platform allows for enhanced computing capabilities, accessibility, and fiscal viability in solutions designed to grow with organizations of all sizes. VAZATA's IaaS architecture supports customers in their hosting needs and also provides solutions for disaster recovery and business continuity for mission critical applications. In 2011, VAZATA was the first company to receive an Authority to Operate as a cloud services technology provider to federal agencies. The backbone of support is its purpose built IaaS supported by three world class data centers, which have all achieved FISMA and SSAE 16 Type II compliance. Data centers are located in Texas and Northern Virginia.
About Altpoint Capital Partners LLC
Altpoint Capital Partners LLC is a New York based private equity firm that invests behind experienced management teams and makes substantial equity investments in enterprises with the potential for significant growth and operating profit improvement. For more information about Altpoint Capital Partners LLC, please visit http://www.altpointcapital.com.
About Ballast Point Ventures
Ballast Point Ventures is headquartered in St. Petersburg, Florida and currently has $200 million in capital under management. BPV provides expansion capital to rapidly growing, privately owned companies across several industries, including health care, business and financial services, communications and consumer/retail. The partners of Ballast Point Ventures have invested in and supported more than 85 companies over the past twenty years. BPV seeks to partner with outstanding entrepreneurs and provide them with capital, an extensive network of successful entrepreneurs and key industry players, and a wealth of experience surrounding the opportunities and challenges facing rapidly growing companies. BPV closed on $140 million for Ballast Point Ventures II in 2009 and seeks to make $3 million to $10 million growth equity investments in companies with substantial operations in Florida, the Southeast and Texas.
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