March 08, 2013
ENGLEWOOD, Colo., March 8 — Latisys, a leading provider of Infrastructure as a Service (IaaS) solutions spanning data center colocation, managed hosting, cloud and hybrid infrastructure, today announced a new $200 million credit facility including a six-year, $180 million institutional term loan and a 5-year $20 million revolving credit facility.
The credit facility, which was rated by Standard and Poor’s Rating Services and Moody’s Investors Service, was substantially oversubscribed with commitments from several leading sector lenders and institutional investors—reflecting strong support for the company’s operational execution, accelerating growth and national IT Infrastructure-as-a-Service (IaaS) platform.
Over the past four years Latisys has invested over $125 million to extend its datacenter colocation, hosting and cloud footprint to respond to increasing demand for IaaS and IT outsourcing. In 2012, Latisys completed construction of its 2nd Tier III datacenter campus in Denver, Colorado, and executed significant data center expansions in Ashburn, Va., Chicago, Ill. and Irvine, Calif. Latisys also deployed a next generation managed hosting and cloud platform and launched its unified service desk in 2012 — strategic technology and operational investments that enable Latisys to continue providing secure, scalable, high performance infrastructure outsourcing — particularly for mid-size and enterprise clients with complex, hybrid IaaS requirements.
The availability of new capital in 2013 will be deployed across Latisys’ IaaS platform to drive accelerating growth and customer acquisition:
“Latisys’ growth strategy centers around ongoing strategic expansion of our IaaS platform and our ability to provide innovative right-sized, hybrid IT solutions that solve business problems,” said Doug Butler, Chief Financial Officer for Latisys. “The new credit facility provides additional capital necessary to maintain technology leadership as well as additional support services required to respond to increased demand for higher margin managed hosting and cloud services.”
The oversubscribed $200,000,000 credit facility was arranged by RBC Capital Markets, TD Securities (USA) LLC and SunTrust Robinson Humphrey, Inc. (each Joint Lead Arrangers and Bookrunners on the offering) and funded by a consortium of over 20 leading financial institutions and institutional investors.
Latisys’ national expansion has been ongoing through 2012 and into 2013. Recent announcements include DEN2 — Latisys’ newest state-of-the-art data center in Denver — along with the ASH1 DC5, CHI DC6 data centers that added 22,000 and 10,000 sq. ft. of secure, ultra high-density raised floor in Northern Virginia and Chicago respectively. In Southern California, Latisys recently announced an additional 12,000 square feet in its Irvine, CA data center, making Latisys the largest data center operator in Orange County. Latisys’ total data center platform now exceeds 343,000 square feet across seven data centers in four major markets.
Latisys is a leading national provider of colocation, managed hosting, managed services, disaster recovery and private cloud solutions to medium-sized businesses, enterprise customers and government agencies. With a heritage of serving business customers since 1994, and multiple high-density data centers across the United States, Latisys offers a scalable outsourced IT infrastructure platform that provides customers with what they need, when they need it. As a client-centric company — with state of the art data centers in Ashburn, Virginia, Chicago, Denver and Irvine, California — Latisys is quickly becoming the IaaS platform of choice for companies that seek for a true IT infrastructure partner for whom it isn’t “either / or” between colo, cloud, managed hosting and traditional on-premise IT — but rather “all of the above” delivered in a hybrid fashion.
Researchers from the Suddhananda Engineering and Research Centre in Bhubaneswar, India developed a job scheduling system, which they call Service Level Agreement (SLA) scheduling, that is meant to achieve acceptable methods of resource provisioning similar to that of potential in-house systems. They combined that with an on-demand resource provisioner to ensure utilization optimization of virtual machines.
Experimental scientific HPC applications are continually being moved to the cloud, as covered here in several capacities over the last couple of weeks. Included in that rundown, Co-founder and CEO of CloudSigma Robert Jenkins penned an article for HPC in the Cloud where he discussed the emergence of cloud technologies to supplement research capabilities of big scientific initiatives like CERN and ESA (the European Space Agency)...
When considering moving excess or experimental HPC applications to a cloud environment, there will always be obstacles. Were that not the case, the cost effectiveness of cloud-based HPC would rule the high performance landscape. Jonathan Stewart Ward and Adam Barker of the University of St. Andrews produced an intriguing report on the state of cloud computing, paying a significant amount of attention to the problems facing cloud computing.
Jun 17, 2013 |
With that in mind, Datapipe hopes to establish themselves as a green-savvy HPC cloud provider with their recently announced Stratosphere platform. Datapipe markets Stratosphere as a green HPC cloud service and in doing so partnering with Verne Global and their Icelandic datacenter, which is known for its propensity in green computing.
Jun 12, 2013 |
Cloud computing is gaining ground in utilization by mid-sized institutions who are looking to expand their experimental high performance computing resources. As such, IBM released what they call Redbooks, in part to assist institutions’ movement of high performance computing applications to the cloud.
Jun 06, 2013 |
The San Diego Supercomputer Center launched a public cloud system for universities in the area designed specifically to run on commodity hardware with high performance solid-state drives. The center, which currently holds 5.5 PB of raw storage, is open to educational and research users in the University of California.
05/10/2013 | Cleversafe, Cray, DDN, NetApp, & Panasas | From Wall Street to Hollywood, drug discovery to homeland security, companies and organizations of all sizes and stripes are coming face to face with the challenges – and opportunities – afforded by Big Data. Before anyone can utilize these extraordinary data repositories, however, they must first harness and manage their data stores, and do so utilizing technologies that underscore affordability, security, and scalability.
04/02/2012 | AMD | Developers today are just beginning to explore the potential of heterogeneous computing, but the potential for this new paradigm is huge. This brief article reviews how the technology might impact a range of application development areas, including client experiences and cloud-based data management. As platforms like OpenCL continue to evolve, the benefits of heterogeneous computing will become even more accessible. Use this quick article to jump-start your own thinking on heterogeneous computing.