Start-Up Ajubeo, in Fast Virtual Datacenters and Cloud IaaS, Secures Funding

Ajubeo LLC, a US 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% quarterly revenue growth over the past 12 months, for Ajubeo’s enterprise virtual datacenters, virtual desktops, Backup and Restore-as-a-Service and DR-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, 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% uptime cloud solution that has been measured at twice the performance of current market share leaders such as Amazon Web Services."

Ajubeo is a national provider of high-performance, enterprise cloud infrastructure-as-a-service, founded and built by CIOs for CIOs. The IaaS offering includes virtual datacenters, virtual desktops, cloud-based DR, cloud-based backup and restore, and cloud-based systems and application monitoring. Discerning organizations select Ajubeo for the increased business and architectural agility that comes from flexible, high-performance cloud infrastructure built to handle the scale, integration and compliance of today’s enterprise. Ajubeo backs its cloud services with a 100% SLA and corporate commitment to customer satisfaction. Cloud hubs are deployed in reliable and interconnected carrier-neutral datacenters, accessible via secure, private network connections from anywhere in the world.