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.
Spring Capital Partners III, L.P. committed $7.0 million of subordinated debt with warrants to Ingo Money, Inc. (“Ingo Money” or “the Company”). The Company will use the proceeds to fund the growth of the recently launched Good Funds Network, a mobile platform that enables customers to convert checks of all kinds into immediate, irreversible digital funds which can be dispensed or transferred virtually anywhere. Spring Capital made its investment in conjunction with follow-on equity from existing investors, including Camden Partners.