Ajubeo secures new funding to support 600 percent quarterly revenue growth

BOULDER, USA: Ajubeo, a national provider of high-performance virtual datacenters and cloud infrastructure-as-a-service (IaaS), has secured additional capital from Grey Mountain Partners, a Boulder-based private equity firm.

The new capital will be used to support strong demand, 600 percent quarterly revenue growth over the past 12 months, for Ajubeo's enterprise-class Virtual Datacenters, Virtual Desktops, Backup and Restore-as-a-Service and Disaster Recovery-as-a-Service.

Specifically, the new capital will fund continued expansion in the New York Metro Area, new product development, staffing, and sales and marketing initiatives.

"The cloud infrastructure market continues to expand at a rapid pace," says Chuck Price, president and CEO of Ajubeo. "The question is no longer whether infrastructure-as-a-service is a viable alternative to traditional methods. Instead, customers are architecting their IT-based products and services around a diversified cloud strategy. This shift has led to strong demand for high-performance, production-ready cloud services from providers such as Ajubeo."

"We are excited to support Ajubeo's leadership team, Chuck Price and Colorado CIO of the Year Tom Whitcomb, as they expand and enhance their industry-leading cloud infrastructure offering," adds Marcello La Rocca, affiliate manager at Grey Mountain Partners. "Ajubeo continues to deliver on a strong business plan, providing performance-sensitive customers with a 100 percent uptime cloud solution that has been measured at twice the performance of current market share leaders such as Amazon Web Services."