SOURCE: RagingWire Enterprise Solutions, Inc.

http://www.ragingwire.com/

February 03, 2011 09:30 ET

$75 Million in Credit Facilities Propels RagingWire's Expansion

SACRAMENTO, CA--(Marketwire - February 3, 2011) - RagingWire Enterprise Solutions, Inc., Northern California's premier data center and collocation services provider, announced today it has secured a total of $75 million in credit facilities. These multi-year, low-interest credit facilities will provide RagingWire with the necessary financing to support the tremendous growth underway on their new Sacramento Data Center Campus and other sites under consideration.

"This significant financing comes at an extremely attractive interest rate which further demonstrates the industry's confidence in our profitable operating model, predictable cash flow and strong balance sheet," said Yatish Mishra, President and CEO of RagingWire. "This financing supports our dynamic expansion strategy, avoids dilution, and results in a greater return on shareholder equity."

Industry accolades have been drawn to RagingWire since its inception in 2000, and they continue to set themselves apart as one of the nation's premier collocation, managed services, and cloud computing providers. The company has been recognized as an Inc. 500 fastest growing company and one of the Sacramento region's fastest growing companies for five consecutive years. RagingWire has also received acclaim for its innovative environmental and energy conservation initiatives, and founders George Macricostas and Yatish Mishra are multi-year finalists for the Ernst and Young Entrepreneur of the Year Award. 

RagingWire currently has a new state-of-the-art 250,000 square foot data center under construction to complement their existing 220,000 data center. With pre-sold anchor clients under contract, the new 2N+2 redundant facility will be carrier neutral and accommodate client power densities of well over 250 watts per square foot. When completed, the RagingWire Data Center Campus will be the largest of its kind in California, serving a broad range of enterprise and internet clients from diverse industries. After a comprehensive commissioning process, the new facility will be client-ready by April of 2011.

About RagingWire
RagingWire Enterprise Solutions, Inc. provides highly custom and flexible colocation solutions that accommodate the business needs of high-density, data intensive enterprise companies. RagingWire operates an 2N+2 redundant, highly secure Enterprise Data Center(SM) engineered to provide "five nines" (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions that maintain Fortune 1000 and Fortune 500 companies' mission critical IT systems. Outsourcing within the RagingWire carrier neutral data center enables our clients to reduce their operating costs, be more efficient, speed-up time to market, and focus on their core competencies. For more information about RagingWire, access www.ragingwire.com.

Contact Information