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Layered Technologies Secures $ 11 Million in Private Investment

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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.

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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]

Rackspace Adding Virtualized Service Offering

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As of yesterday, San Antonio-based hosting provider Rackspace is adding a virtualized service offering. Citing increased flexibility, market demand, and a desire to better address customer needs, Rackspace will be offering customers their own, non-shared ESX environments to complement traditional 1×1 server platforms.

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Rackspace’s virtualization platform was built on VMware ’s third-generation virtualization software suite, and according to the company “pushes virtualization to the next level in order to support mission-critical, production systems.” The fast-growing hosting provider employs five VMWare Certified Engineers with ten more in training for certification.

“Our product development approach focuses first and foremost on Fanatical Support® readiness,” said John Engates, chief technology officer, Rackspace. “We also ask ‘Is the technology ready to use in a production environment?’ We believe that our new virtualization offering now meets these requirements and pushes the envelope, giving customers a virtualized environment ready for mission-critical applications, supported by our wealth of experience, expertise and Fanatical Support.”

Rackspace’s new virtualization platform will be based on dedicated physical hardware for each customer and will include the option of hybrid virtual and physical hosted environments.

[Source: press release ]