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C7 Data Centers Inc. Raises Capital to Enhance its Offerings

By Mini Swamy
TMCnet Contributor

C7 Data Centers Inc., a privately held company focused on providing high-value data center solutions, has decided to raise an additional $9 million in growth capital to fund its new expansion plans and provide high-quality inventory for customer operations.

Uniquely positioned, C7 data centers are located in geographically stable regions, free from the threat of natural disasters. It offers a low cost colocation solution, providing world-class colocation, disaster recovery and virtualization services. Its four data center in Utah have comprehensive offerings for local, national and multi-national companies.

Funded by Canopy Ventures and debt financing from Zions First National Bank, C7 plans to use the additional capital for overall growth and enhancement of expansion facilities.

With demand for top-tier data center colocation space in Utah growing, Brandon Tidwell, MD, Canopy Ventures, said that C7 had a wonderful track record for providing quality services and this has attracted global companies to colocate with C7. Additionally, the business strategy adopted by C7 satisfied customers by catering to their specific needs and providing data services and support at affordable rates.

Thomas Etzel, senior vice president, at Zions Bank was pleased to have the opportunity to partner with C7 data centers in the transaction with debt financing and was convinced that C7 with its unique position had tremendous opportunities for growth.

Nathan Hatch, CEO, C7 Data Centers, Inc. said that the past three years had been all about building a world-class data center, complete with competent management and support teams. He believed that the growth capital would provide the necessary funds to enhance the quality of inventory for current and prospective customers.

C7 Data centers is committed to research in cooling efficiencies, customer product solutions and leading edge data center technologies.

In a related news release, C7 Data Centers, Inc. announced that AtTask, Inc. had completed migration of their production site to a C7 Data Centers SAS (News - Alert) 70 Type II facility. This migration ensures the highest levels of reliability and security for AtTask's critical data.