Subject:::Green Cloud Technologies Intends to Expand with $3.1 Million in Equity - TMCnet's Cloud Communications eNews
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October 13, 2014

Wheelings & Dealings: Green Cloud Technologies Intends to Expand with $3.1 Million in Equity


By Casey Houser
Contributing Writer

Green Cloud Technologies provides virtual servers, cloud-based infrastructure, and disaster recovery services to businesses of all sizes. The company announced recently that it has received $3.1 million in equity from existing investors that it can use to expand its current offerings and build upon its number of channel partners.


According to its latest announcement, the equity comes in addition to $3 million in expansion of its senior credit facility. Green Cloud reportedly hopes to increase its number of channel partners by approximately eight to 10 new partners each month. Its current total of 187 partners have come from natural growth within the cloud technology provision market, but now the company says it will begin seeking acquisitions to help fuel its future growth. Read More


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