Layered Technologies has secured $11 million in funding from private equity firm Enhanced Equity Fund and its founding investor Pangloss International. The new cash will provide Layered Technologies with working capital to expand, develop new products, and accelerate sales and marketing efforts within new enterprise markets.
Layered Technologies is a provider of on-demand hosting, utility computing solutions and web services with clients in over 120 countries. The Texas-based company offers a grid hosting service as well as virtual private data centers.
“We see great potential for Layered Technologies to play a key role in shaping the future of grid computing and virtualized services within the hosting marketplace,” said David Howe, Managing General Partner for Enhanced Equity Fund.
[Source: Data Center Knowledge]