Hostway Raises $110 Million On Debt and Equity

Hostway is a server management company that has just raised $110 million in debt and equity financing from several investors. Hostway is based in Chicago, Illinois and they plan to use the money for growth purposes. The investment was provided by Veronis Suhler Stevenson, Fortress Capital, Regiment Capital, and Phoenix Life. Hostway has about 600,000 customers.

“With a sound infrastructure in place and forecasted growth far exceeding projected GDP growth annually in the managed hosting, collocation and cloud computing segments over the next three years, Hostway is well-positioned to capture further market share,” stated Veronis partner George Cole. [Red Herring]

Related posts:

1. Sirius XM Raises $350 Million Debt Financing To Pay Off Debt
2. Chegg Raises $112 Million In Funding, Debt Facility, and Credit Facility
3. Loomia Raises $1.5 Million In Debt
4. 51.com Raises $51 Million From Giant Interactive For 25% Equity
5. Lexy.com Raises $458,000 Of $800,000 In Debt, Rights and Securities