EdgeMicro embarks on $5 million expansion project
Colocation company EdgeMicro has secured US$5 million in capital for its expansion, which includes the launch of “several additional micro data centers”, with locations to be announced over the coming weeks.
The locations for the new sites have been chosen in collaboration with core clients.
“EdgeMicro continues to demonstrate its ability to scale with velocity,” said founder and CEO Mike Hagan.
“Our team remains highly focused to deliver colocation solutions with the speed, efficiency and reliability companies need to win at the edge.”
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The funds will also cover development of EdgeMicro’s edge solutions and have been used to secure two new hires: Lauri Abrahamson, director business development, and Christian Kersgard senior manager service delivery.
“Bringing in Lauri and Christian full-time is just as important as closing additional funding because it’s people who build winning organizations. Our team members are knowledgeable and competitive, and they possess the passion and sense of urgency it takes to lead,” said Greg Pettine, EVP of business development.
Adam Lewis, managing partner at DH Capital, LLC, which acted as financial advisor to EdgeMicro, added: “We are pleased to support EdgeMicro as the company continues to bring crucial connectivity services through its micro data centers to underserved areas of the country.
“With the nation’s rising demand for bandwidth, we believe EdgeMicro’s business model and expert team are well positioned to support the massive growth at the edge.”
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