Acquisition Boosts Green Cloud’s Capacity and Enhances Security and Compliance for the Cisco-Powered Cloud Provider
Green Cloud Technologies (“Green Cloud”), a 100% channel only, Cisco-Powered cloud provider, has closed on the acquisition of Atlanta-based Cirrity, a channel-only cloud solutions provider. Debt and equity financing was provided by Green Cloud’s existing investors, and the transaction is immediately accretive for the Greenville, SC-based company, giving their entire partner network more capacity, security and redundancy for cloud solutions. Continue reading
Green Cloud Technologies, a Greenville, SC-based channel-only cloud technology solutions provider, was ranked 73rd on Inc. Magazine’s 35th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies.
Green Cloud Technologies, a channel-only provider of Cisco powered Infrastructure as a Service (IaaS) and Disaster Recovery as a Service (DRaaS) solutions has acquired ANS Corporation an IaaS and Software as a Service (SaaS) provider based in Akron, Ohio.
Spring Capital Partners III, L.P. (www.springcap.com) invested $5.5 million of subordinated debt with a warrant in Rita’s Franchise Company (“Rita’s” or “the Company”), a portfolio company of Falconhead Capital, LLC. The proceeds were used to refinance existing debt and to fund Rita’s growth plans over the next 5 years. Spring Capital made its investment in conjunction with senior financing provided by SunTrust Bank, Inc.
Spring Capital Partners is pleased to announce the promotion of Chad A. Rigdon to Vice President; and the hiring of Jonathan T. Howe as Associate.