Posts Tagged ‘cloud computing’

Money Raining on Cloud Startups

Friday, July 2nd, 2010

Not many people know about cloud hosting.  But the money flowing into the emerging sector is beginning to turn heads, with Eucalyptus Systems the latest beneficiary. Funding companies are poring a lot of money into companies with cloud hosting in their scopes.

The Calififornia startup has landed $20 million in a second round of funding led by New Enterprise Associates, one of the most venerable names in the venture capital business. NEA is joining existing investors Benchmark Capital and BV Capital, which also participated in the latest infusion–which brings the total committed to Eucalyptus so far to $25.5 million.

Not that it really needed more money at the moment, says Marten Mickos, a veteran software entrepreneur that helped elevate the profile of Eucalyptus by joining the company as CEO last March. “We have two thirds of our previous round still untouched,” he says. But interest among investors and potential customers in the cloud computing concept is strong at the moment, and the company realized that building a substantial company would eventually take more money.

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Steadfast Networks Opens New Data Center in Chicago

Thursday, July 1st, 2010

Steadfast Networks announced the opening of its new Chicago data center, located at 725 S. Wells St. The new Steadfast Networks data center will accommodate the expanding demand for Chicago colocation services and Chicago web hosting services in a state-of-the-art data facility. The initial phase includes 6,000 sq. ft. of raised floor data center space and 750kW of power and is the first phase of a 4.5MW build-out at the location.

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“Our goal at Steadfast Networks is to give you highly competitive pricing in downtown Chicago without cutting any corners on performance and quality,” says Karl Zimmerman, CEO of Steadfast Networks. “We have the size and scale to easily deliver managed hosting services and colocation hosting services to small, medium, and enterprise businesses, but with a commitment to flexibility and the personal customer service often found in a small company.”

This new data center will house the new awaited for Steadfast Network cloud hosting platform.  Cloud servers will be located in all of their data centers.  The site will serve as a center for Steadfast Networks colocation hosting, Linux dedicated servers, Windows dedicated servers, and managed virtual servers.

“Not only is Chicago a center for commerce and finance, it is a vital link to premium colocation web hosting in surrounding regions,” says Zimmerman. “As a leader in dedicated server hosting, colocation hosting, virtual server hosting, and web hosting services, Steadfast Networks houses, transmits, and protects your essential data with the latest in data center security technology.”

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ElasticStack Cloud Platform

Wednesday, June 30th, 2010

ElasticHosts announced the launch of the ElasticStack cloud platform, a powerful platform that enables hosting providers and data centres to offer own-brand cloud servers to their customers swiftly.

A number of service providers have already licensed ElasticStack with further discussions ongoing in North America, Europe, the Middle East and Asia. Existing licensees include Dave Cummings at OpenHosting who commented, “Building our cloud services on an existing platform helps us bring cutting-edge products to market swiftly, giving us a significant competitive advantage in our markets.”

Davies concludes, “The introduction of the ElasticStack cloud platform is a significant step in the development of ElasticHosts. We are proud to have recently expanded our own hosting business into the US, but we also understand that there are many service providers across the world that already receive enquiries about cloud every day and would be delighted to have cutting-edge products to offer their loyal customers. By helping these partners to launch own-brand cloud services swiftly, we instantly give them cutting-edge products to sell and leave them free to focus on what they do best and drive their revenues.”

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